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Search ResultsShowing 1 - 10 of 100+ results for "Beijing"
Chief economist update: Yuan the victim of China's success
BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
... decision came following the Chinese currency's fall beyond the psychologically important level - and the threshold Beijing authorities are willing to tolerate before intervening - to an 11-year low of 7.1087 in August 2019. To be sure, America's ...
Chief economist update: China on my mind
BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
The All Ordinaries index finished 2020 with a gain of 0.7%. Nothing to write home to mother about, especially compared with the 16.3% and 16.0% surge in the S&P 500 and the Nikkei-225, respectively, over the same period. However, the local bourse's ...
Chief economist update: Government spending made money, saved money
BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... weeks earlier ... right down to the risk to the outlook: "The simmering diplomatic and trade tensions between Canberra and Beijing constitute a major downside risk". This compares with the MYEFO's, "Recent trade actions affecting Australia's ...
Australia in China's shadow
BENJAMIN ONG  |  WEDNESDAY, 16 DEC 2020
... another twist to the garrotte - import bans and quotas and increased tariffs -- that's strangulating Australian exports to Beijing. This is because China is Australia's biggest export market. Australian Department of Foreign Affairs and Trade data shows ...
Chief economist update: East and west at crossroads
BENJAMIN ONG  |  TUESDAY, 15 DEC 2020
... screws on Australia after formally banning the importation of Australian coal. The reason, or reasons, are immaterial. Beijing could dig up a number of justifications for its most recent diktat the same way it did when it imposed bans, reduced import ...
Chief economist update: China keeps on going and going
BENJAMIN ONG  |  FRIDAY, 4 DEC 2020
If not for its ongoing diplomatic and trade tensions with Beijing, Australia would be beaming and congratulating China for the strengthening momentum in its economy and this, after having survived the pandemic without plunging into a recession. After ...
Chief economist update: David Australia versus Goliath China
BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... because China is Australia's biggest export market. Australian Department of Foreign Affairs and Trade data shows that Beijing accounts for 35.3% of total exports in 2019/20, much more than our next five biggest export markets combined - Japan (11.8%) ...
Chief economist update: It's looking up for the land down under
BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2020
... education (mainly from China, our Big Bro). But before this, Australia must heal its present diplomatic tensions with Beijing. A snippet from news.com.au says it all: "Australia must "face up to the problems" it has caused to its relationship with Beijing ...
Chief economist update: Iron ore to reduce Aussie deficit
BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
... mark, supporting Australian government revenues. However, the simmering diplomatic and trade tensions between Canberra and Beijing constitute a major downside risk.
Westpac consolidates international operations
JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
... businesses, Westpac will now move forward with just three branches in Singapore, London and New York. In doing so, it will exit Beijing, Shanghai, Hong Kong, Mumbai and Jakarta. The bank's priority going forward is on its core Australian and New ...
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