ASX-listed Chinese-backed property developer Boyuan Holdings has teamed with Westfield shopping centre owner Scentre Group and the Western Sydney University to create a major new town in western Sydney near the planned airport at Badgerys Creek. Boyuan’s other projects include a resort in Pokolbin in the NSW Hunter Valley and residential and commercial projects in…
Category: China FTA/TPP
China push to buy 45 year old Liddell coal plant
The Chinese conglomerate that controls Australia’s largest cotton farm has approached Malcolm Turnbull’s office to express interest in buying the Liddell coal-power plant in the NSW Hunter Valley. UPDATED: Tony Abbott and Barnaby Joyce have both used the Coalition partyroom meeting to urge Malcolm Turnbull to do more to keep the Liddell coal power station…
Chinese lining up for Australian agriculture businesses: HSBC
HSBC says asset hungry Chinese businesses are lining up to invest in Australian agriculture because of food production quality and tariff reductions under the free trade agreement between the two countries. The global banking giant is expanding its operations in Australia to play a much bigger role in the sector and to strengthen its connection to…
Country Vic businesses left high and dry by contractor on state government project
SIXTY-ONE small Victorian rural and regional businesses have accused the State Government of turning its back on them as they seek to recover almost $1 million from a contractor on the GMW Connections project. Businesses in Cohuna, Swan Hill, Shepparton and Geelong are owed tens of thousands of dollars each from contractor Aqua Infrastructure, which…
Strategic issues at play in Chinese Port of Newcastle deal
China’s “One Belt, One Road” initiative has attracted global suspicion as a potential means by which the country may gain strategic control of trade links. It is in that context that last week’s report by Andrew White in The Australian, noting the transfer of ownership of 50 per cent of the Port of Newcastle from…
China’s pilot training school ‘takeover’ sparks air rage on the ground over noise, security
China is pushing to train thousands more pilots in Australia each year as part of plans for at least three multi-million-dollar ventures in NSW and Queensland, sparking anger among residents over increased noise, a perceived security risk and the “takeover” of regional airports. Amid mounting concerns about a looming shortage in Australia of commercial pilots,…
Hong Kong investor pays $6.48m for Byron’s Lawson Arcade
A Hong Kong based private investor has paid $6.48 million on a tight 4.7 per cent yield for Lawson Arcade, a prized retail asset in the heart of Byron Bay, one of Australia’s most popular beach resorts. Teska Carson Director Michael Ludski, who brokered the deal with Byron Bay Property Sales’ Kath Vaubell, said the…
Chinese buyers pay top dollar for Hawkesbury properties
The sale of Windsor’s Lachlan Court building to a Chinese buyer is part of a trend happening around the Hawkesbury. The $9.5m figure achieved was only possible by marketing it overseas, selling agent David Lee from Leaders Estate Agents at Gladesville told the Gazette on Thursday. “Local developers could only come up with $6m,” he said….
Chinese buy Aussie gene mine
A world-leading genetic resource created in Western Australia has been sold to Chinese buyers. The “gene mine” that helps researchers rapidly map and identify genes linked to human diseases has been snapped up by China’s leading animal sciences institute and medical school in a $US2 million ($2.56m) sale. Lead researcher Grant Morahan, of the Harry…
Chinese developer’s billion-dollar proposal would move Sydney motorway
A wealthy Chinese developer is pushing the New South Wales Government to overhaul its plans for billions of dollars in infrastructure around Badgery’s Creek Airport to make way for a bold development proposal. The 344 hectare parcel of prime land north of Elizabeth Drive at Badgery’s Creek is owned by accused murderer Ron Medich and…
Small rural business owners pipeline contractors miss out on pay
SMALL rural business owners, subcontracted to work on the $2 billion Connections project, say a contractual dispute has left them out of pocket to the tune of about $500,000. The businesses are scattered around Cohuna and Swan Hill, where they had been subcontracted by Queensland firm Aqua Infrastructure to supply piping and machinery or carry…
China an ‘extreme’ threat to Australia: ASIO
China is listed as an “extreme” threat on a secret country-by-country counter-intelligence index compiled by Australia’s domestic spy agency. ASIO’s Deputy Director-General Counter-Espionage and Interference Peter Vickery told parliament today the level of espionage and foreign interference in Australia was now worse than at the height of the Cold War. “We do have examples, current…
