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Feature: Shaolin's first temple outside of China to be built in Australia

SYDNEY, Mar 25, 2015 (Xinhua via COMTEX)

By Marcus Casey

After more than 1,500 years in existence, Dengfeng's revered Shaolin Temple is to soon start building its first international outpost in Australia.

The renowned Buddhist retreat and kung fu school have completed eight years of complex negotiations with local governments in New South Wales to establish a site for the new temple.

The 380 million Australian dollar (296 million U.S. dollars) resort will be constructed in pristine wilderness at Comberton Grange in Jervis Bay, 200 kilometers south of Sydney.

It will be centered on more than 2,000 hectares of purchased forest land which China's Shaolin Temple, currently led by abbot Shi Yongxin, paid 5 million Australian dollars (3.9 million U.S. dollars) for.

It will truly be a wilderness retreat with a glorious marine national park a few kilometers away.

The temple site resides in the Shoalhaven Shire, named after a majestic river which flows through the lush rural area.

The temple is fully supported by mayor Joanna Gash, who spoke to Xinhua at her office.

"Eight years ago the abbot came to the Shoalhaven," she said. " He was very taken with the spirituality of the land, the people here, the location and he had good visions as to what he could build here. It has taken eight years to today to come to fruition.

"His plan is certainly for a temple, a Shaolin temple, the first Shaolin temple to be built in Australia outside of China. It will have a kung fu academy, it will have a health and wellness center and it will also have a hotel as well. So there are many things to be built there, many things to attract people to come to the area. But basically we're very happy and delighted that we have been chosen to be the first temple outside of China in Australia."

It will be a center for cultural sharing as well as kung fu and well-being.

"Certainly the feature of the kung fu academy will be very much to the fore, but also the educational and wellness areas," mayor Gash said.

"The medicine, the wellness, you go can go to the temple, you can have a meal there, you can visit. Those are the sort of things people will be able to do. The cultural exchange for this area will be very beneficial. The Chinese people want to know about Australia and the Australian people want to know about the Chinese. And that's one of the things that we'll be very heavily promoting. "

"I think it will be a worldwide market. It's not just for our city here, it's a regional basis, it's an Australian basis and I'm quite sure it will be an international, worldwide basis as well."

In a region of high unemployment, the economic benefits will be a major positive. It is expected around 1,000 jobs will be available for the construction of the project alone.

"Certainly over and above the initial 380 million dollar development costs the estimates are around 65 million dollars per annum into the local economy, which is huge," said Steve Lawson, the local tourism chief.

Tourism is the second biggest money earner in the Shoalhaven Shire and employs 6,500 people. It is an area where lush mountains meet the sea across fields filled with dairy cows, and many people live there for its beauty, even if work is hard to find.

The temple resort will offer employment opportunities which fit into the lifestyle of the local community which is already geared to welcome tourists.

"The hotel itself is estimated to post some 90,000 people a year and that in itself is just part of the 300,000 people that it is estimated to visit the temple each year, and we'd like to extend an invitation to all of those people to come and experience Shoalhaven outside of the temple while they're here," Lawson said.

Besides extensive bushwalking tracks, Jervis Bay has much more to offer. It is renowned for its majestic marine beauty, crystal clear waters and beauty. It is a scuba diving haven as well.

"It is one of Australia's most pristine natural icons," said another tourism representative Catherine Shields.

"It is a world-famous heritage marine park. It has some the whitest sands in the world, some of the cleanest water and some of the most beautiful scenery. There's also wonderful pods of dolphins. People who visit the temple can go on whale watching cruises and they can see all the beautiful marine life on various cruise boat operators."

There have been local objections to the temple, as usual when something big and new is planned for small communities which resist change. The concerns were more about the development process than the actual project, but mayor Gash said the end result has been sound.

"There have been many millions of dollars going into the planning exercise for this project before we could even put a shovel into the ground. They have certainly done their homework, and it has taken years of planning."

That first shovel will soon begin digging to see a new era created in the 1,500 year old history of China's Shaolin Temple. And it will spread and share culture between two countries who have become firm friends.

Shaolin's first temple outside of China to be built in Australia - Global Times


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Wow! For an Aussie, that's really good news to have a Shaolin Temple in Australia.

By the way, there is a massive Buddhist Temple in Wollongong, NSW, Australia. It's called "Nan Tien Temple".
See the pic below:-

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DataRoom AM: China's shopping spree

DANIEL PALMER

15 JUL, 6:51 AM

State-owned Chinese firms are positioning for a multi-billion dollar Australian buying spree, tagging Rio Tinto’s east coast coal mines, NSW power assets and the $8.9 billion Investa property platform as suitable targets in coming months.

Elsewhere, Macquarie Group plots another ‘quick flip’ and the IPO market hits a speed hump.

Rio Tinto could receive a bid from Beijing for its $4bn suite of coal assets on the east coast, with Fosun labelled as a likely contender. The development follows recent reports of strong interest from Mick Davis’ X2 Resources and the long-held attention of Glencore, which is perceived as the most natural suitor given the synergies a deal would offer.

While Fosun is reportedly weighing a deal in its own right, there is also speculation it has been asked by other Chinese firms to serve as a co-investor on any deal.

Chinese suitors are also in the running for billions of dollars in local property and infrastructure assets as auctions of Investa Property Group and NSW’s TransGrid kick into full swing.

The former sale is much further along, with a joint venture including China Investment Corporation and LaSalle Investment Management seen as a heavy favorite to secure Investa’s office towers and management platform.

A shortlist of five remains in the mix but it’s believed CIC and LaSalle could enter exclusive negotiations on a deal with owner Morgan Stanley in the coming week.

Meanwhile, China Southern and State Grid (@TaiShang:azn:are in the running for the $6bn TransGrid. The NSW government received expressions of interest for the electricity transmission network yesterday, with The Australian Financial Review reporting all seven consortia long-considered as suitors put their hands up. A shortlist of four or five groups will likely be drawn up before first-round bids fall due in August.

The NSW government is also trying to restart the auction of its last remaining generator, the coal-fired Vales Point plant. EnergyAustralia, Origin Energy and China’s Shenhua are viewed as potential buyers, but a deal will be hard to achieve given soft electricity demand.

Macquarie Group is again planning to use its quick flip tactics to reap a profit on a recent purchase, testing interest in its stake in Crown Castle Australia, according to the AFR. A syndicate led by Macquarie Real Assets and Infrastructure acquired the nation’s largest owner of mobile telephone towers for $2bn in May.

Infrastructure investors and local super funds are seen as logical suitors for a portion of MIRA’s 33 per cent stake. The action comes after Macquarie orchestrated quick flips of Apache energy assets and ANZ Terminals over the past 12 months.

The above action suggests the M&A market has retained much of its heat through the recent market turbulence, but the same can’t be said for the IPO market, which is starting to stutter.

The latest cause for concern was the repricing of the float of non-bank lender Pepper Australia on Tuesday. The firm will raise $145m after around a dozen cornerstone investors bundled into the raising, but the valuation of around $470m came in well short of expectations for $550m-plus.

Another firm testing its luck on a local listing is Beston Global Food Company, which yesterday lodged a prospectusto raise as much as $130m. The premium food exporter is hoping to list on August 21.

In the meantime, a fresh indicator on the strength of the IPO market will be provided today as mobile reseller Amaysim hits ASX boards with a market value of $318m.

Elsewhere, the North Queensland Airport Group is seenas the frontrunner in the potential $500m auction of the Sunshine Coast regional airport. AMP and QIC are also believed to be prospective buyers.

Finally, Westpac has hived off its operations in Samoa, Tonga and the Cook Islands for $91m, while packaging group Amcor has paid about $35m to claim control of Packaging India Private.

DataRoom AM: China's shopping spree | Business Spectator
 
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Huawei opens 30 mln dollars ICT innovation center in Australia
2015-8-19 18:22:11


Global telecommunications giant Huawei on Wednesday furthered their innovation and talent development, investing 30 million Australian dollars (22.08 million US dollar) a new training and innovation center in Sydney.

Inaugurating the center on Wednesday, Huawei Global Rotating Chief Executive Ken Hu said innovation is part of the giant's DNA, investing at least 10 percent of revenue into research and development since the companies founding in 1987.

"Just like capital and technology, talent is a key success factor for innovation," Hu said.

At the inauguration ceremony, New South Wales (NSW) Premier Mike Baird welcomed Huawei's investment to make sure NSW and Australia has the talent needed to make the most of telecommunication innovation to shape the future economy.

"There's a strong market for new technologies in NSW and I welcome Huawei's investment and commitment to creating a better ICT sector in this state," Baird said.

In one of its largest investments into Australia, Huawei has the capacity to train over 2000 people -- including 100 university and technical college students per year through the center.

"Huawei Australia has trained over 3,000 people in the last five years, the National Training and Innovation Center will help us continue our efforts in talent development and innovation in Australia," Hu said.

@ahojunk
 
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@TaiShang

A better choice for Huawei is to base its ICT innovation center in Melbourne and not Sydney.

Melbourne is a better city for telco related industry.

Yes, I am biased. I am from Melbourne .... :-)
 
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Chinese group snaps up Darwin port
14 Oct, 2015 06:05 AM

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Nearly half of the total cargo that passed through the port in 2014-15 was traded with China
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CHINESE energy and infrastructure group Landbridge will consider opportunities to build hotels in the Northern Territory after paying $506 million for a 99-year lease for the Port of Darwin.

As flagged by The Australian Financial Review'sStreet Talk column, the privately held Chinese company - which has a real estate arm that develops hotels - beat local and international consortiums to operate the port after it was privatised by the Northern Territory government.

Landbridge will invest $200 million in the port over the next 25 years to boost trade and tourism links with Asia, including improving cruise ship facilities. The port is an emerging destination for cruise ships, with 65 cruise ship visits in 2014-15, the highest number in six years.

"Landbridge intends to grow two-way trade between Australia and Asia, leveraging Landbridge's existing port and logistics businesses and firmly putting Darwin on the map for Chinese business," said Landbridge Infrastructure Australia's director, Mike Hughes.

The Chinese group is also understood to be keen on building new hotels in the city. The Northern Territory government is considering a luxury hotel development in Darwin.

Northern Territory chief minister Adam Giles said the Territory would benefit from Landbridge's "position, networks and experience" in Asia.

Nearly half the 3.4 million tonnes of total cargo that passed through the Port of Darwin in 2014-15 was traded with China, mostly bulk mineral exports.

ChAFTA to boost trade
Trade to China is expected to receive a further boost when the China-Australia Free Trade Agreement comes into effect.

Federal Trade and Investment Minister Andrew Robb said Landbridge's investment in the port would be "a huge spur" to the development of Australia's north and encourage additional investment in agriculture, resources and energy and infrastructure.

Landbridge is initially planning to develop warehousing for refrigerated products at the port to expand boxed meat exports. The Australian Agricultural Company started operating a new abattoir near Darwin in October to supply beef to the US and Asia.

@Shotgunner51 , @ahojunk
 
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China's Donlinks bids for Australia’s major landowner
October 16, 2015

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Guangzhou-based grain and edible oil producer Donlinks Grain & Oil Co Ltd has become the latest Chinese bidder to enter the race for S. Kidman & Co Ltd, one of Australia's largest landholders.

Donlinks will form a consortium with Genius Link Capital Ltd, an asset management company registered in the British Virgin Islands, to make a second-round offer for the Australian beef producer and landowner.

"The S. Kidman & Co bid will help diversify our agriculture business," the company said in a statement.

If the bid is successful, Donlinks will own 51 percent of S. Kidman. Additionally, the acquisition could create new market opportunities for Donlinks and improve its performance, the company said.

Shares of the company were suspended from trading on Thursday.

As many as seven Chinese firms are believed to have joined the bidding process for S. Kidman since April, when the Australian company offered its holdings for sale.

Local media reported that Shanghai-based Pengxin Group and Chinese agribusiness company New Hope Group could have placed bids for the Australian landholder.

Greg Campbell, chief executive officer and managing director of S. Kidman, refused to confirm the names of the short-listed bidders.

Nonetheless, the chief executive confirmed that the cattle property company was presently at the end of the second stage of the sale with final bids expected to be lodged on Oct 27.

"We expect to be able to make a public announcement on the preferred bidder by around Nov 5," Campbell told China Daily in an e-mail.

EY, the audit firm that is handling the deal, was reported as saying that the winning bid could be about A$325 million ($237 million).

"Neither S. Kidman nor the EY transaction team has set an asking price for the business," said Campbell. "The bidders will determine their own value for the S. Kidman business based on their professional due diligence."

S. Kidman is one of the largest beef producers in Australia with a herd of 185,000 cattle. The company owns 11 cattle stations, including the world's largest, Anna Creek.

The Chinese beef production industry is expected to grow only at a modest pace over the coming years. This, in turn, will widen the beef production deficit as local companies struggle to keep pace with China's robust growth in consumption of red meat.

Aurelia Britsch, a senior commodity analyst at Business Monitor International, said: "China's beef industry is still in the primary development stage and blighted by inefficiency."

Thibaud Andre, a consultant with market research agency Daxue Consulting, said: "It is obvious that China is hardly producing enough locally to ensure domestic demand. Thus, looking at foreign producers is an intuitive strategy."

However, in the past few years, the appetite for red meat has continued to accelerate thanks to new diet habits and higher disposable incomes.

China is expected to consume 7.21 million metric tons of red meat in 2015, according to Daxue Consulting. Meanwhile, research firm Business Monitor International estimated that China's beef imports will register a 12 percent growth this year from a year earlier.

@Economic superpower , @AndrewJin
 
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Wanda acquires Australia's second largest cinema chain
By Zhang Rui
November 3, 2015

China's real estate and entertainment giant Dalian Wanda Group has acquired Australia's second largest cinema chain Hoyts Group, the company announced on Tuesday.

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Wanda cinema [Photo/Weibo]


Wanda Cinema Line Corp, a unit of Dalian Wanda Group, bought a 100 percent stake of HG Holdco Pty Ltd (Hoyts), taking an AUD$70 million loan from HG ANZ Holdco Limited through its Hong Kong branch. The transaction price was 2.246 billion yuan (US$354.32 million), 40 percent of the fund was paid by the Dalian Wanda Group directly and the rest was from bank loans.

Hoyts operates 424 screens at 52 theaters in Australia and New Zealand. Wanda will also take over the theater's commercial advertisement business in Australia.

As Hoyts cinema chain's business and ticket sales are mainly from offline ticket buyers, Wanda intends to introduce an online ticket purchase system to Hoyts and promote it inAustralia.

Wanda Cinema currently operates China's biggest theatre chain, with over 150 movie theaters in more than 80 cities. The acquisition underscores Wanda's ambitions to become a global entertainment company. It is the latest push by Dalian Wanda into entertainment as it seeks to diversify its holdings away from real estate.

In 2013, Dalian Wanda agreed to oversee a 50 billion yuan (US$8.07 billion) investment in a movie studio and entertainment complex in the Chinese coastal city of Qingdao. A year earlier, it bought AMC Entertainment Holdings, the second largest US cinema chain, for US$2.6 billion.

In February, Dalian Wanda agreed to acquire Swiss sports marketing firm Infront Sports & Media AG for 1.05 billion euros (US$1.15 billion) after making a 45 million euro investment in Spanish soccer club Atletico Madrid.
 
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Chinese business buys Aussie island
Xinhua, August 10, 2016

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Shanghai-based China Capital Investment Group has bought an island at the heart of the Great Barrier Reef in Queensland. [File photo]

Shanghai-based China Capital Investment Group has bought an island at the heart of the Great Barrier Reef in Queensland, Australia for about 25 million Australian dollars (US$19.21 million).



The South Molle island in Whitsundays had been put up for sale by owner Craig Ross in April, Fairfax Media reported on Wednesday.

"The sale includes a 12 hectares' developable beachfront land, including a frontage of more than 600 meters to one of the only sheltered north-facing white sand beaches in the region and a secluded 15-hectare parcel in the middle of the island, surrounded by national park," the report said.

It also came with an existing 188-room resort and amenities.

"It's been a joy to share South Molle. It's a wonderful island. It's been an amazing 15 years. I wish the new owners all the best," Ross said.

The island is believed to offer the potential for "unparalleled large-scale development potential," according to the information memorandum with the opportunity to develop a 1,300-room resort, subject to the government's approval.

This is not China Capital Investment Group's first purchase in Queensland. The company had previously snapped up the Daydream Island (West Molle) Resort and Spa last year from Nature's Own founder Vaughan Bullivant for about 30 million Australian dollars (US423 million).
 
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SYDNEY UNVEILS AUSTRALIA'S FIRST AIRPORT ELECTRIC BUS - BYD K9

source: http://www.airport-world.com/news/g...y-unveils-australia-s-first-electric-bus.html


Sydney Airport today reaffirmed its green credentials by unveiling Australia's first electric airport bus.

The move is part of the gateway's A$5 million investment in environmentally friendly ground transport technology.

The Electric Blu bus is the first of a fleet of six electric buses to be operational by the end of this year, replacing the airport’s existing diesel bus fleet servicing the shuttle route between the T2/T3 terminal precinct and the Blu Emu Car Park.

“We’re proud to be the first Australian airport to introduce electric buses to our Parking and Ground Transport operations, which will reduce our carbon footprint and enhance the passenger experience,” enthuses Kerrie Mather, the airport's managing director and chief executive officer.

“These state-of-the-art electric buses can make up to 100 transfer journeys on a single charge, providing a clean and sustainable transport option for the two million travellers, visitors and airport workers who use the Blu Emu shuttle service every year.”
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According to the airport, the fleet of Blu Emu electric buses will deliver carbon emission reductions of approximately 160 tonnes per year and improve local air quality through zero tailpipe emissions.

The fleet is also expected to lower external noise levels, reduce waste fluids to zero and decrease the amount of toxic material generated during servicing.

Electric Blu is a ‘Toro’ model electric bus, created by Carbridge in a joint venture with the world’s leading global electric bus manufacturer BYD.

“Carbridge is delighted to deliver to Sydney Airport this country’s first electric airport bus and in partnership with BYD we are excited to be at the forefront of electric bus manufacturing in Australia,” says CEO, Luke Todd.

The Electric Blu bus has a carrying capacity of 70 passengers, features purpose-designed luggage storage racks and has a range of 400km on a single charge.
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Sydney Airport has invested in charging stations and other ancillary equipment to support the deployment of the new electric bus fleet.

The airport is also currently trialling electric cars as part of its ground transport fleet and investigating solar-powered charging stations to further decrease carbon emissions, while research and development is underway for recycling and reuse of batteries and other components.

Environmental initiatives introduced by Sydney Airport to date have included:

• Achievement of Level Two Airport Carbon Accreditation in recognition of its efforts to map, manage and reduce carbon emissions;

• Offsetting carbon emissions through the Greenfleet program;

• Installing energy efficient lighting;

• Investing to support cleaner, quieter, more fuel efficient next generation aircraft; and

• Implementing and supporting other electric equipment and vehicles such as electric tugs.
 
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Malcolm Turnbull has slammed the ‘scare campaign’ of protectionism at the G20
Tory Shepherd at the G20 | News Corp Australia Network

CHINA has called on Prime Minister Malcolm Turnbull to maintain a fair and predictable investment environment after Chinese investors were knocked back from multi-billion dollar deals.

It is understood Chinese President Xi Jinping raised the issue of investing in Australia with Mr Turnbull in a meeting on the sidelines of the G20 summit.

Mr Turnbull told Mr Xi that Australia was an open economy and it is understood that Ausgrid was not specifically mentioned; however China’s Foreign Ministry later said Mr Xi had told Mr Turnbull that he “hopes the Australian side continues to dedicate itself to providing foreign investors a fair, transparent and predictable policy environment”.

“This also accords with Australia’s own interests,” Mr Xi reportedly said.

The shock rejection of China State Grid Corporation and Hong Kong-based Cheung Kong Infrastructure bids for the NSW electricity network on national security grounds has left the $10 billion sale in limbo.

Earlier Mr Turnbull after his meeting with Mr Xi said that China had more freedom to invest in Australia than the other way around.

In Hangzhou today the pair avoided the specifics of the blocked sales of Ausgrid and the Kidman property empire but talked about foreign investment and free trade.

Mr Turnbull insists the relationship between the two countries is getting “stronger and stronger” although there have been angry mutterings from the Asian superpower about the Government’s decisions not to let Chinese companies buy the two large pieces of infrastructure.

China understands as well if not better than anyone our sovereign right to determine who invests in Australia and the terms on which they invest,” Mr Turnbull said.

“We mostly say yes; we almost invariably say yes, but from time to time we say no.”

Mr Turnbull is walking a fine line strongly attacking protectionism while protecting Australian assets, but argues that there is a difference between free trade and national security issues.

He also declared everything being done at the G20 economic forum was “about family”, continuing the Government’s theme that fixing the budget and boosting economic growth is a moral challenge.

“It’s about ensuring our children, our grandchildren in every country have the opportunities to realise their dreams,” he said.

He and President Xi tackled the sticky subject of the South China Sea territorial dispute with Mr Turnbull saying Australia’s position — that it be settled peacefully and legally — was “well understood” by China.


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Prime Minister Malcolm Turnbull met with business leaders from around the world at the B20 meetings. Picture: Lyndon Mechielsen / News Corp AustraliaSource:News Corp Australia


The Prime Minister landed in Hangzhou, China, this morning for the G20 meetings after a messy week in Canberra. He was fortunate to avoid the sort of kerfuffle that US President Barack Obama faced — first, the Chinese did not have the right stairs for his plane, then there was a standoff between officials from both sides and journalists.

After meeting the Chinese President to talk about economic reform, Mr Turnbull met with business leaders from around the world at the B20 meetings.

He named “public trust” in reform and trade as crucial to avoid protectionist policies that would be “a mistake of historic proportions”.

Powerful members of the new Senate including the four One Nation Senators and the three Nick Xenophon Team members have been vocally critical about opening up trade further.

“The rise of populism in many nations, and indeed for calls for protectionism ... that is a road we cannot afford to go down. It would be a mistake of historic proportions,” Mr Turnbull told the crowd of chief executive officers.

“We can’t afford to go into reverse on that.”

He introduced hundreds of leaders to the phrase “you can’t afford to hide under the doona” by ignoring looming economic challenges and said it was important to ensure that businesses were paying their fair share of taxes in order to rebuild public trust.
 
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The Age
BUSINESS
Sam Dastyari's lasting damage to our policy on China
September 9 2016 - 12:15AM

The fallout from Sam Dastyari's entitlement and stupidity is considerably greater than his unimportant political career. The immediately obvious stuff is the embarrassment for Labor, the gift for the government, the impetus for a federal ICAC (if either major party had sufficient integrity) and the warning it gives casually venal politicians. Dastyari is to expenses payments what Bronwyn Bishop was to helicopter charters.

Much more damaging but apparently unnoticed is what Dastyari has done to the possibility of Australia developing independent policy on China, of a sensible debate that includes consideration of China's point of view, of acting in our own best economic interests rather than remaining in unquestioning lockstep with hypocritical American doctrine.

By way of disclosure, I can't flick my expense account overruns to any foreigner. Come to think of it, I don't have an expense account to overrun. No Chinese entity has paid for any of my several visits to China – the first way back in 1978, the most recent last year.

That declaration is necessary because it seems anyone offering an alternative to the American vision of China as a threat is prey to being labelled a traitor, being on the Beijing soft power payroll. Stick with American encirclement policy to be an Australian patriot.

Labor is already overreacting to "Shanghai Sam", perhaps scoured by a deep corporate memory of past slurs. Somewhere David Combe is downing vodka with a Russian spook while Doc Evatt makes the case against Menzies' Communist Party ban.

Labor and the coalition are competing to be the most pro-American party on Obama's "pivot" watch. Steven "Commando" Conroy already wanted to send other parents' sons to play chicken with the Chinese military. What's gone out the window in the process is any sense of proportion and consistency.

China's bullying of smaller neighbours in the South China Sea to build defence platforms on rocks and reefs is wrong and ugly. It's also what big powers always do – play dirty and rough in their own backyard.

Cue Russia's domination of its near neighbours. The sun famously never set on Britain's neighbourhood of plunder and annexation when it was a power. For most of its history, the US has treated pretty much all of Latin America with contempt, stealing territory, installing dictators, approving coups and various atrocities, running wars and weapons. While its Bay of Pigs effort was a miserable failure, the US still occupies part of Cuba with a military base under the ruse of a dubious treaty.

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Senator Sam Dastyari as he tried to justify his actions at a 25-minute grilling earlier this week. Photo: Wolter Peeters
More recently and far beyond any reasonable sphere of influence, there was the little matter of beating up fake intelligence to invade Iraq with all the catastrophic consequences that have followed.

Uncle Sam does not have unimpeachable credibility while pontificating on the Scarborough Shoal and complying with the US Convention on the Law of the Sea – a convention which the US itself has refused to ratify. So let's drop any pretence that we're on the side of pure angels in our South China Sea posturing. In reality, Malcolm Turnbull's alleged efforts with Xi Jinping during this G20 amounted to somewhat less than Tony Abbott's lame "shirt fronting" of Putin during the 2014 Brisbane event. The chest puffing was for the benefit of reliably servile domestic consumption, bereft of perspective.

Despite the best efforts of various sabre-rattling "experts" in a Sunday paper, complete with Cold-War-style fearmongering of Chinese bombers reaching Australia, China's artificial island bases are inherently defensive against a remilitarising Japan and an explicitly threatening US.

The thing about islands is that they don't move. They hold a forward defensive line to China's east, doing what its wide open spaces do to the west and north.

The US has 10 technologically superior military islands that do move. Its aircraft carrier battle groups project power and military threat. They are offensive in capacity and purpose. No other nation has anything like them and certainly not China. The US is campaigning for an alleged moral right to move those offensive islands onto China's populous eastern doorstep at will without challenge, without risk to its rear. And for that, Australia is prepared to damage relations with its key economic partner.

Time to grow up
To realise its potential, China has to grow up and have more confidence in itself without needing to prove its power. It needs to reach accommodation with its smaller neighbours, to develop a sense of mutual security. But that accommodation is unlikely to come at the expense of compromised defence, as its rock-solid occupation and subjugation of Tibet demonstrates.

China and its neighbours will have to work that out. Maybe Beijing can learn from Australia's experience with little East Timor and bully and cheat the Philippines into accepting an unequal treaty.

Beyond that providing that example, we don't help by having a Prime Minister pointlessly bloviate about America remaining Asia's dominant power for many decades to come.

The US might, but it also might not. Threatening China through word and deed, encouraging Japan to rearm and India to increase its military and nuclear capabilities, is the most obvious way of driving China to escalate its military power to match the threat.

A Washington Post story on the G20 meeting's petty diplomatic snubs carried an alarming claim while providing background to the current Sino-American tensions. Wrote William Wan:

"The pivot boiled down to the idea of rebalancing US foreign-policy attention from the Middle East to Asia - an area that will have clear long-term strategic importance in coming years.

"Those overseeing the pivot strategy, senior US officials said at the time, had studied examples in history when one power was rising while others were declining: Germany's rise in Europe after World War I; Athens and Sparta; the rise of the United States in the 20th century.

"Out of those studies, they developed a belief that China would respond best to a position of strength."

So the US sees China as a Nazi Germany, missing the more obvious comparison with Germany feeling encircled before World War I. In the rich array of American foreign policy blunders over the past half century, that is up there with the worst of them. From Australia's point of view, it potentially is the worst.

And that's the mentality Sam Dastyari has helped cement in Australian politics.


Copyright © 2016 Fairfax Media
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This is according to one of our biggest banks in Australia.

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Australia ranked most favourable country to conduct business for Chinese business leaders

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Article provided by NAB

Australia is ranked the most favourable country to conduct business by Chinese business leaders and business engagement between Australia and China is expected to increase over the next 12 months, a new report has found.

The first-ever report comparing attitudes of Chinese and Australian business leaders towards bilateral engagement was conducted by NAB and the Australia-China Relations Institute (ACRI) at the University of Technology Sydney. The report reveals 94 per cent of Chinese business leaders are favourable towards Australia, while 54 per cent of Australian firms are favourable about doing business with China.


AUSTRALIA CHINA BUSINESS ENGAGEMENT INDEX: KEY FINDINGS

• 76% of Chinese companies cite the China-Australia Free Trade Agreement as playing some role in their decision to increase focus on Australia. The Australian assessment is more modest, with 35% of businesses asserting some effect by the FTA.

• 50% of Australian firms engage with China while 90% of Chinese firms report some engagement with Australia.

• Both Australia and China expect to increase engagement over the next 12 months, led by product imports and exports of services and products on the Australian side and product exports and imports and service exports on the Chinese side.

• Both Australian and Chinese firms identify manufacturing and wholesale trade as focal points for further engagement.

NAB Group Executive Business Banking, Angela Mentis said: “The economic prosperity of Australia and China is closely linked and the China Australia Free Trade agreement is opening up new opportunities to boost economic growth in both countries.

“The opportunity to engage with Chinese investors for business investment and partnership will provide for domestic and export growth, and Australian service providers in health, education, governance and professional services can expect a deeper level of engagement with China in the next 12 months”, Ms Mentis said.


NAB earlier this month opened its new branch in Beijing, increasing its presence in China.

“These poll results are positive for the Australia-China relationship – dramatically so”, Director of ACRI, former Foreign Minister and NSW Premier, Bob Carr said.

“I was struck by the strongly favourable attitudes of Chinese business leaders towards Australia. And it was very encouraging that they saw both the Chinese and Australian governments as being supportive of closer economic links.

“It was positive, too, that 94 per cent saw Australia as a good place to conduct business.

“This result reflects great credit on all those in business and on both sides of politics who invested so heavily in Australia-China relations.”

Two polls were conducted in parallel, with NAB surveying 580 Australian business leaders and ACRI surveying 1,000 Chinese-resident business leaders . The findings were then analysed and compared, resulting in the new Australia-China Business Engagement Index which will be updated bi-annually.


For more details download a copy of the synopsis or full reports:

NAB ACRI Australia-China Business Engagement Index synopsis (PDF,877 KB)

NAB ACRI Australia-China Business Engagement Index (PDF,144 KB)

ACRI NAB China-Australia Business Engagement Index (PDF,604KB)

IMPORTANT INFORMATION

Any advice contained above has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice, NAB recommends that you consider whether it is appropriate for your circumstances and that you review the relevant Product Disclosure Statement, Terms and Conditions or Financial Services Guide.

© National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.
 
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Australian companies to seek more trade and investment partnership from China
2016-09-10 20:24:12 CRIENGLISH.com Web Editor: Zhang Peng

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Photo of Andrew Robb, the former Australian trade minister. [Photo: CRIENGLISH.com/Guo Yan]


The 19th China International Fair for Investment and Trade was held on Saturday in Xiamen, China. The fair brought together businesses and trade officials from Australia who hailed economic cooperation with China and expected more opportunities in boosting bilateral trade and investment between the countries.

The Australian exhibition area was the largest of this year's trade fair.

Douglas Xin,the General Manager of Sydney-based Unibale Food, a trading company which belongs to state-owned Chinatex corporation, was making hamburgers and frying steaks to attract visitors to his stall.

Xin says his company with its premium quality Australian products, such as steaks, honey and dairy, will find favor with Chinese consumers. "It's very important. Because the Chinese market has the need for healthy, clean, and natural products from Australia and New Zealand."

Xin says that through good cooperation with local Australian farmers, his company has introduced a variety of quality products from Australia to China. He believes Chinese companies expect long-term benefit, finding partnerships with experienced farmers and institutions. He believes that such investments have mutual benefits with the local Australian farmers.

"There are a few state-owned companies (from China) that are starting to look at cattle farms in Australia," Xin says. "Of course, the return of the investment is likely to be slow. But it's a healthy cooperation we'd like to see." An improvement of productivity and relations between both the Chinese and Australian investors is another benefit for both parties.

Xin also plans to introduce Australia to Chinese food, such as spicy sauces and rice product, that are increasingly popular with the Chinese community as it takes a larger proportion of the whole population.

According to China's ministry of commerce, China is currently Australia's biggest trading partner including its largest export market.

John Walkom, chair of the Regional Development Australia Orana committee, says that despite some downbeat economic features earlier this year, China still shows a strength of sustainable growth which ensures a strong market demand for Australian products. He points out there are a lot of opportunities for Australian businesses to get a large portion of the Chinese market.

"Chinese market for fresh nuts is increasing. So Australia is producing and exporting a lot of fresh nuts into the market. In my region where I come from we have the largest exporter and producer for export of ship to the world market and China is a major place. We are now working on dairy products and there are other opportunities around other products. The demand is very clear from the Chinese market"

To boost mutual trade and investment China and Australia signed a free trade agreement which took effect at the end of last year.

The former Australian trade minister Andrew Robb inked the deal last year with Chinese Commerce minister Gao Hucheng.

Robb now leads a business delegation to the trade fair. He says it takes time for the agreement to benefit bilateral economic ties and he's still dedicated to the implementation of relative policies.

In terms of revitalizing global economy through trade and investment, which was highlighted by Chinese president Xi Jinping during the G20 summit, Robb says

Australian businesses will find growth opportunities by teaming up with their Chinese counterparts and joining their investment projects in the region.

"The benefits from the free trade agreement with Australia is that this fair has drawn on the momentum coming from the One Belt, One Road program and also on the Asian Infrastructure Investment Bank in providing investment." Robb continues to say "a lot of things happening in China are driving investment and development around China's region. Australian companies will team up with Chinese companies to help the One Belt, One Road program in the region." He ends by highlighting the importance of the International fair in making China "the most dynamic regions of the world for the rest of the century."

Official figures show foreign direct investment in China will maintain steady growth in the second half of 2016.

Some analysts believe that since Australian food products have won high recognition among Chinese consumers, going into the second half of the year, Australian businesses could expect a lot from the Chinese market.
 
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A map of Australia’s funniest place names
Sep 7, 2016
Nicole Frosttwitter
Editorial Producer

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The Knob, Quality Knobs, Pinnacle Knob, Scrubby Knob or Iron Knob – take your pick, Queensland apparently has them all. Photo: Marvellousmaps.com

Locals may not raise an eyebrow living in the town of Banana, think nothing of stopping off on a road trip at Break Wind Reserve or doing a spot of exploration at the cave named Well It Wasn’t There Last Year.

But maybe we should. UK mapmakers Strumpshaw, Tincleton & Giggleswick have already produced maps of the USA and Britain’s silliest names – and now it’s Australia’s turn. Lucky us!

Humphrey Butler, the founder of the company, told the BBC that Tasmania in particular seemed to feature quite a lot, with places such as Toungers Point, Deep Thought, Crack Pot, Stinkhole, Misery Knob, Eggs and Bacon Bay, Prickly Bottom and Crocodile Rock all getting a look in.

NSW is home, apparently, to Mount Great Groaner, Flirtation Hill, Boozer Creek and The Boobs – along with Sydney locations Rooty Hill, Balls Head and Pleasure Point.

Meanwhile Queensland has Two Mile Knob, Mount Blowhard, Mount Breast, Mount Mistake and the cheerfully blunt Ugly Creek.

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Victoria’s entries seem a bit more whimsical, with Teddy Bears Gap, the Whipstick Scrub, Ding-A-Ding and Sausage Gully (pictured above–- delicious!) all featuring, as well as well-known Melbourne locations Batman and ACDC Lane.

Perth seems to excel with Astounding Way, Brilliant Rise, Excellent Drive and Hero Crescent – or you can head a bit further south to visit Nowheres, Super Tubes or the rather evocative Other Side of the Moon.

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Guys Dirty Hole, Pisspot Creek and Eggs and Bacon Bay can all be found in Tasmania.
Photo: Marvellousmaps.com

Butler noted that “There are a lot of Knobs in Australia”, selecting his favourite as “one called Prominent Nob in South Australia, and that does make us laugh.”

The map is available through their online store.

And some additional good news: If you’re keen to live in some of these places, turns out you can because they really are totally real. Try Shrapnel Road, Cannon Hill in Queensland, or perhaps this rather adorable beach home in Eggs and Bacon Bay. Or take the opportunity to be “nestled under Stanley Nut”, also in Tasmania. Doesn’t that sound cosy?

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The house nestled under the Stanley Nut. We’re dying to know who Stanley is…
 
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