CHINA’S producer price inflation slightly eased in March after widening for the past few months as commodity prices moderated, official data showed Wednesday. China’s producer price index (PPI), which measures costs of goods at the factory gate, rose 7.6 percent year on year in March, according to the National Bureau of Statistics (NBS). The pace […]
Ke Jie CHINA’S Ke Jie, the world’s No. 1 Go player, is to take on Google’s AlphaGo computer program next month in a match which will pit artificial intelligence against human ingenuity. Just over a year ago, Google made headlines around the world when AlphaGo beat South Korean champion Lee Se-dol. Up until then, the […]
Foreigners buying 11pc of NSW homes A crowd of about 50 people gathered at a sale in Sydney. Fiona Morris by Geoff WinestockThe NSW government is under pressure to lift stamp taxes for foreign home buyers after new figures showed they account for 11 percent of all sales. Figures released under Freedom of Information laws […]
Sydney, Melbourne property auction clearance rates hit record highs There were tears when the hammer fell at the auction of 3/96 Victoria Street, Ashfield. Supplied Auction sales of established homes in Sydney and Melbourne remained strong on the weekend amid signs that investor lending restrictions for off-the-plan sales are starting to bite. A shortage of […]
Melbourne still top spot for Chinese buyers with Hobart rising Sun still shining on Melbourne: The Victorian capital remains the most sought-after location for mainland Chinese property investment, REA figures show. Penny Stephens Despite slugging overseas buyers with the biggest new tax hit, Melbourne remains the most sought-after location for mainland Chinese property investment, according […]
Investor makes 287pc return on property in three years: sold to Chinese Bourke House sold for $33 million. A Melbourne investor has made an astounding 287 per cent gross capital gain in three years on a boutique commercial building in the city centre after selling to a mainland Chinese investor. The art deco-style building known […]
Australia–China ties need to make globalisation work On the surface, all seems well in the Australia–China relationship but then Donald Trump came along. David Rowe On the surface, all seems well in the Australia–China relationship. China is growing rapidly and Australia continues to benefit heavily from China’s rise. China is already Australia’s largest trade partner. […]
Chinese Premier Li Keqiang laid out the biggest challenge facing his government on Wednesday and it was not a trade war, debt crisis or even air pollution. It’s employment and how to keep the economy growing fast enough to create more than 13 million jobs. And that’s just this year. At his annual press conference […]
A surge in local government infrastructure projects has delivered a stronger-than-expected start to the year for China’s economy, as Beijing seeks “stability” ahead of a major political transition in November. In a good sign for the continued strength of the iron ore price, official Chinese data released on Tuesday showed steel production, electricity generation and […]
China struck $US225 billion ($298 billion) in deals to acquire companies abroad last year, a record-breaking number that signalled to the world that Chinese business leaders were hot to haggle. Now China, with a worried eye on the money leaving its borders, is telling some of its companies to cool it down. On Saturday, in […]