Australian beef processors hit by China export ban

CHINA has placed temporary export bans on as many as six beef processing plants in Australia. There have been allegations the bans are in retaliation to deputy Prime Minister Julie Bishop’s comments last week over freedom of navigation in the South China Sea. One meat processor has confirmed the temporary ban to The Weekly Times….

Wycheproof farms sold to Chinese-backed company Rifa Salutary

THE rapid rise of Chinese-backed pastoral company Rifa Salutary as a major agricultural player continues, with its purchase of two farms at Wycheproof in an investment worth about $9 million. Rifa Salutary chief executive David Goodfellow confirmed the purchase of Kulwin Park and McNicholl’s, covering 4534ha, from father and son vendors Murray and Mich­ael Stapleton….

China bans exports from another Australian dairy milk group 

THE regulatory minefield Australian companies must navigate to export agricultural goods to China has caught out another dairy company, with global giant Parmalat slapped with a suspension of its fresh milk licence. Just days after infant milk formula group Bellamy’s had its crucial licence to export milk powder to China suspended without warning, Parmalat has…

Chinese government trade bank may get mortgage over Darwin port

The Chinese owner of the Port of Darwin is using the port as security to seek a $500 million loan from the Chinese government’s trade bank.Private Chinese company  Landbridge is seeking the loan from the Chinese government’s Export-Import Bank (EXIM) to prop up the firm’s ailing Australian operations, which include an $880,000 yearly consulting fee…

Chinese influence in Darwin school ‘not a concern’ for NT Government

The Northern Territory Government is unconcerned about Chinese Government control over a language and culture course at a Darwin School, the NT Education Minister says. Chinese Government agency the Confucius Institute opened its first language and culture course in the Northern Territory at Woodroffe Primary School on Wednesday. “The [Confucius] classroom funding comes from a…

Chinese billionaire buys Sydney’s Exchange Centre

One of China’s largest toy manufacturers, Chinese – Hong Kong billionaire Francis Choi, has emerged as the likely buyer of the Exchange ­Centre in Bridge St, Sydney. The near $340 million deal has sent shockwaves through the ­office market in Australia. The Guangdong Province native is a self-made billionaire who opened his first factory in…

Mega-developments in Sydney and QLD attracts Chinese scrutiny

Billion-dollar hotel developments in Sydney and Queensland, a shareholding in Virgin Australia, and the Australia’s biggest cinema chain will come under the scrutiny of Chinese regulators trying to rein in a US$215 billion ($284 billion) overseas buying spree by Chinese companies. Dalian Wanda, headed by China’s richest man Wang Jialin, is among four Chinese companies…