The NSW Treasurer says a new strategy to increase stamp duty for foreign property investors will help housing affordability, but the Premier says the policy is exclusively to raise revenue. In last year's budget, a 4 per cent stamp duty...
An empty passenger plane lifted off from Shanghai’s international airport on an overcast, windy afternoon earlier this month. Flown by five test pilots in orange jumpsuits, it coasted above the Yangtze River Delta for about an hour before landing...
By our special commentator. We are now in the year 2016. The US is hot with its presidential election and Donald Trump is sure to win. The European Union has been harassed with a refugee crisis and anti-terror campaign, besides Great Britain’s...
China may have suffered a high profile ratings downgrade, but that does not mean those predicting a debt crisis are any closer to being right. Indeed, the China bears are as wrong today as they were before Moody's cut the...
Recently, Moody’s downgraded China from Aa3 to A1. They cited several rationales for the downgrade. Moody’s is wrong for the following reasons. The concerns of China’s “economy-wide” leverage is misplaced.We all know about China’s so-called debt problem. Here is...
By Wade Shepard I was surprised when the owner of the run-down, 82 square meter apartment outside of the core downtown area of Xiamen that I once rented told me that he was selling it for nearly US$300,000. The apartment was...
In the big scheme of things, the new grand chessboard isn't Western capitalism versus Soviet communism; it's the West versus the East and China is in the pole position. Slap China with trade tariffs, they dump Treasury bonds and...
In January, at the World Economic Forum in Davos, Switzerland, President Xi Jinping of China called his country a champion of free trade and globalisation. And at an international conference in Beijing in May, he laid out China's grand...
Less than two weeks after China said it would open its domestic market to US rating agencies, Moody's cut its credit rating for the first time in a quarter of a century. It cited financial and economic risks flagged in...
After being ejected from the White House on Friday, Steve Bannon told the Weekly Standard: “The Trump presidency that we fought for, and won, is over.” It’s not entirely clear what he meant, or whether he was saying anything worth paying...
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Chinese influence is more than just ‘soft power’ and we need...

On a warm Sunday summer evening a few years ago, two officials from the Chinese consulate in Sydney travelled to Melbourne to send a...

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