Chinese capital controls to put damper on Aussie property bubble
China’s most recent capital controls, introduced on the 1st of January, are having an immediate effect, with fewer Chinese buyers able to purchase property abroad. From London to Melbourne, Vancouver...
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Destocking of China’s residential housing continues to drag heavily on...
According to China’s National Bureau of Statistics, real estate inventory reached 686 million square meters at the end of October, up 18 per cent from a year earlier. With the average size of an urban...
View ArticleCommonwealth Bank second to hike rates
As expected, the Commonwealth Bank is today the second bank to hike interest rates out of cycle, notching rates up 15 basis points. ANZ and NAB are expected to follow. As did Westpac, the CBA blamed...
View ArticleHousing bust bigger threat than China
Fresh data released today from the China Customs Bureau show imports to China declined 17.7 per cent in the year to September. Exports feared better, falling 1.1 per cent for the same period leading to...
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Falling back to earth – Our terms of trade collapse
Australia is now in the grip of the largest terms of trade collapse since records started in 1959, unleashing havoc on Federal budgets that will ultimately flow through to wages and household balance...
View ArticleDrop in global oil demand ‘nothing short of remarkable’
In an ominous sign for the global economy, the International Energy Agency (IEA) has said a sudden drop in oil demand for the second quarter of 2014 is “nothing short of remarkable.” The second quarter...
View ArticleBeijing housing sales falls 35% – Iron Ore falls through $90
Data released today from Beijing’s municipal bureau of statistics show housing sales in Beijing has plunged 39.4 percent year on year to May, a further sign China’s property market is cooling. Sales of...
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Consumer confidence crashes
Consumer confidence has crashed in Australia – just one week since the release of the Federal Budget. According to the ANZ-Roy Morgan survey out today, consumer confidence plunged 3.2 per cent last...
View ArticleChinese developers bring in security as buyers experience negative equity
Under the front page headlines of Guarding the global economy’s biggest risk, the Weekend Australian Financial Review provides us a chilling insight to the cracks emerging in China’s unprecedented...
View ArticleHow China Fooled the World – Airing in Australia on the ABC
The ABC’s Four Corners has tonight beamed the BBC’s doco on How China Fooled the World to the Australian public. How China fooled the world, reported by Robert Peston and presented by Kerry O’Brien,...
View ArticleChinese liquidate Hong Kong RE to pay down mounting debts back home
Reuters is today reporting, “Cash-strapped Chinese are scrambling to sell their luxury homes in Hong Kong, and some are knocking up to a fifth off the price for a quick sale, as a liquidity crunch...
View ArticleZhejiang Xingrun Real Estate Co. Collapses
According to Bloomberg, Zhejiang Xingrun Real Estate Co. has collapsed with 3.5 billion yuan (USD $566.6 million) of debt. The collapse comes just days after China’s Premier Li Keqiang said China will...
View ArticlePremier Li Keqiang: China to confront serious challenges this year
Following China’s first corporate bond default last week, Li Keqiang, Premier of the People’s Republic of China has warned “We are going to confront serious challenges this year and some challenges may...
View ArticleChina: Did the first Domino just fall in GFC2?
As widely anticipated, troubled Shanghai Chaori Solar Energy Science and Technology Co. failed to make the scheduled interest payment on a bond this Friday, 7th March 2014. Chaori could barely scratch...
View ArticleD day looms for Shanghai Chaori Solar Energy Science and Technology
China Wealth Management Product Credit equals Gold No 1 narrowly missed default on the 31st January 2014 with a mysterious saviour bailing the fund out and averting an emerging crisis in China’s...
View ArticleHow China Fooled the World
The BBC in the United Kingdom has aired a program this week titled “How China Fooled the World – with Robert Peston” It re-enforces many of the posts we have made over the years and is well worth a...
View ArticleCredit equals Gold No 1.
A last minute bailout will see the 700 investors in a 3 billion-yuan wealth management product (WMP) called Credit equals Gold No. 1 recouping their full principal minus some interest averting an...
View Article2014: The year the world is taken off life support
On the 18th of December 2013, the U.S. Federal Reserve finally announced it would begin to taper or wind down QE3 – an $85 billion a month shot in the arm to keep the economy afloat after the worst...
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PM appeals in vain to the shafted generation
Generation Y, Kev wants you on board. During Kevin Rudd’s comeback leadership victory speech he had a message for our young generation: Before I conclude, let me say a word or two to young Australians....
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GFC2 – Will it be made in China?
Since the GFC, Australia has literally bet the house on China. We have put all our eggs in one basket. And like Australian housing, you shouldn’t become complacent on the China miracle either....
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