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China update

China-Australia relations: winemakers up Hong Kong shipments ‘hoping the door will open’ as Beijing ponders lifting tariffs

by Walter Watson
China-Australia relations: winemakers up Hong Kong shipments ‘hoping the door will open’ as Beijing ponders lifting tariffs

03:01 China-Australia relations ‘on the right path’, Xi Jinping tells Anthony Albanese on Beijing visit China-Australia relations ‘on the right path’, Xi Jinping tells Anthony Albanese on Beijing visit A …

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China won’t ‘compete’ with other developing nations during WTO fishing talks, subsidies set to be discussed in Abu Dhabi

by Walter Watson
China won’t ‘compete’ with other developing nations during WTO fishing talks, subsidies set to be discussed in Abu Dhabi

China said it would not behave irresponsibly towards developing nations when countries try to strike a new World Trade Organization (WTO) agreement on combating overfishing later this month. “We will …

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China-Australia relations: Treasury Wine readies to ship Penfolds, Icon bottles once Beijing lifts import tariffs

by Walter Watson
China-Australia relations: Treasury Wine readies to ship Penfolds, Icon bottles once Beijing lifts import tariffs

Beijing is conducting a review into the tariffs on Australian wine, and it is widely expected that the levies will be removed next month. If we get back in and …

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Global Impact: what does a post-Apec US-China relationship, and their global competition, look like?

by Walter Watson
Global Impact: what does a post-Apec US-China relationship, and their global competition, look like?

The most senior dialogue between the two countries since the November summit was held in Bangkok between China’s top diplomat, Wang Yi, and US national security adviser Jake Sullivan. The …

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What’s the state of China’s US$3 trillion forex reserves war chest, and where is it invested?

by Walter Watson
What’s the state of China’s US trillion forex reserves war chest, and where is it invested?

China’s foreign exchange reserves had stood at US$3.24 trillion in December, having risen from US$3.17 trillion in November, the exchange regulator said. SAFE, though, does not disclose where it invests …

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China’s yuan replaces US dollar, euro as Russia’s ‘primary’ foreign currency for overseas economic activity

by Walter Watson
China’s yuan replaces US dollar, euro as Russia’s ‘primary’ foreign currency for overseas economic activity

But analysts said it still faces a reality check in multilateral deals even amid an expansion of the Brics group of developing economies at the start of the year. Foreign …

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Has surprising US economic growth strengthened Washington’s hand in negotiations with China?

by Walter Watson
Has surprising US economic growth strengthened Washington’s hand in negotiations with China?

After President Xi Jinping visited the US in November, both countries resumed cooperation on issues including curbing the spread of fentanyl, as well as military-to-military communication. It’s really politics that …

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China’s financial regulator pledges steps to shore up property market

by Ron Morgan
China’s financial regulator pledges steps to shore up property market

Xiao said the regulator will soon convene a meeting, asking local governments to work with housing and construction departments to implement city-specific measures. With Lunar New Year boon a stopgap, …

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German firms plan to increase China investment in next 2 years despite ‘reality check’ in 2023

by Walter Watson
German firms plan to increase China investment in next 2 years despite ‘reality check’ in 2023

And the report, which surveyed 566 member companies in October from industries including machinery and industrial equipment, automotive and business services, showed 91 per cent of companies plan to continue …

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Red Sea crisis: China firms eye Plan B ahead of Lunar New Year as container prices soar further

by Walter Watson
Red Sea crisis: China firms eye Plan B ahead of Lunar New Year as container prices soar further

As one of the busiest global shipping routes, the waterway accounts for one-third of worldwide container traffic and 40 per cent of trade between Asia and Europe, while also connecting …

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