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Su-Lin Tan



Articles by Su-Lin Tan

China property developer follows Huawei with job cuts in Australia amid souring Beijing-Canberra ties

7 days ago

[unable to retrieve full-text content]Chinese state developer Poly Developments and Holdings will cut jobs at its Australian real estate arm as it moves to slow capital investments in Australia amid a coronavirus pandemic-led downturn and souring relations between the two countries.On Thursday afternoon, Poly Australia told more than 100 employees across its offices in Sydney and Melbourne that a “substantial” number of staff will be cut by the end of the year as the company restructures to cope with the impact of Covid-19 and…

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China’s post-coronavirus construction boom shows signs of cooling as steel output slows

8 days ago

[unable to retrieve full-text content]A surge in Chinese steel production to meet a post-coronavirus infrastructure building boom may have run its course for this year, as steel and iron ore inventories pile up and demand for steel declines.The fall in iron ore prices over the past week from a six-year high of nearly US$130 per dry metric tonne in late August signals a slowdown in steel demand, according to analysts. The price of iron ore shipped by sea had fallen to about US$117 per tonne on Wednesday, according to S&P Global…

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China-Australia trade ties remain strong for some businesses despite worsening political relations

8 days ago

[unable to retrieve full-text content]Trade between China and Australia continues to chug along with some businesses recording stronger sales in spite of the increasingly tense political conflict between the two countries, according to company officials.Australian and Chinese trading companies and their customers have brushed aside the negative political climate between their countries to press on with business, despite several blows to specific trade segments in the five-month-long conflict. These include moves by China to impose…

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Australia has ‘painted itself into a geopolitical corner’ with China, but what is Beijing’s trade endgame?

11 days ago

[unable to retrieve full-text content]Australia’s over-reliance on the goodwill generated by its free trade agreement with China to shield it from the ramifications of its political alliance with the United States could result in problems with Beijing for years to come, trade and foreign affairs experts said.The rapid deterioration in China-Australian relations is generally perceived to have been fuelled by miscalculations on both sides.While China has been accused of “punishing” Australia with trade blocks – such as anti-dumping…

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Coronavirus: China tightens surveillance of chilled food imports

17 days ago

[unable to retrieve full-text content]China has stepped up its surveillance of cold food imports and introduced new penalties for safety breaches amid rising concerns of coronavirus contamination in supply chains.A new regulation went into force on Friday after an academic study released last week showed the pathogen could survive on chilled salmon for eight days at 4 degrees Celsius – the temperature at which the fish and most other seafood products are usually transported.The research was compiled by teams from South China…

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China-Europe freight trains gather steam amid surge in B2B goods bought online

22 days ago

[unable to retrieve full-text content]The China-Europe Railway Express left Chongqing in southwestern China last week, bound for Budapest, Hungary, making it the first train dedicated exclusively to delivering goods ordered by European businesses via e-commerce platforms, according to the General Administration of Customs.The freight train, travelling on what is known as the Yuxinou international railway corridor, carried 33 million yuan (US$4.82 million) worth of commercial goods – including clothing, shoes and household goods –…

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Myanmar moves step closer to new bids on China-backed belt and road project

23 days ago

[unable to retrieve full-text content]Myanmar is a step closer to allowing companies to challenge a bid from China Communications Construction Company (CCCC) to build the behemoth New Yangon City project, after hiring German consulting firm Roland Berger to oversee the tendering process.The so-called Swiss challenge will give the Southeast Asian nation the opportunity to demonstrate transparency in its public procurement, an important signal to investors given the sanctions it has faced over the military crackdown of Rohingya in…

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Chinese construction giant CCCC aims to counter growing uncertainty with belt and road project push

24 days ago

[unable to retrieve full-text content]Chinese state-owned engineering giant China Communications Construction Company (CCCC) will counter growing uncertainty in the growth of its overseas projects, some of which has been caused by US blacklisting of five of its subsidiaries, by pushing ahead with its Belt and Road Initiative projects.CCCC flagged potential headwinds to its ability to increase overseas projects abroad in a trading update to the Hong Kong and Shanghai stock exchanges late last week.And while the company was referring…

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China’s yuan gains foothold in iron ore deals, could increase Chinese self-reliance, analysts say

28 days ago

[unable to retrieve full-text content]Iron ore miners‘ and steel producers’ increasing use of the Chinese yuan will increase its internationalisation, reduce China’s vulnerability to any possible US financial sanctions, and help the domestic economy in line with the new “dual circulation” strategy.By using the yuan rather than the US dollar to price iron ore, this will increase the internationalisation of the Chinese currency and so reduce China’s vulnerability to any possible US financial sanctions.Using the yuan for domestic…

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Australia’s export surge to China tails off amid rising trade tensions and lower iron ore production

28 days ago

[unable to retrieve full-text content]Australian export growth to China slowed sharply in July as trade tensions continued to rise, with iron and coal shipments falling after a strong performance in the first half of the year, the latest trade data from the Australian Bureau of Statistics released on Thursday showed.Iron ore exports to China in July, while 10.5 per cent higher when compared to last year, were lower than in June.In July, lump and fine iron ore exports – Australia’s biggest export to China – fell 6 per cent and 13…

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Chinese-Australian entrepreneurs tap deep knowledge of local markets for success, study finds

29 days ago

[unable to retrieve full-text content]Businesses run by Chinese-born Australian entrepreneurs have been some of the most successful in selling products to China because of their strong connections to the Chinese market, a new report has found.The report, based on interviews with more than 100 Chinese-born founders of Australian small and medium-sized enterprises (SMEs), said that 71 per cent of these entrepreneurs started their businesses after completing their education in Australia as international students. The remaining Chinese…

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Australia’s largest grain firm CBH Group says there is no evidence to support China’s barley suspension

29 days ago

[unable to retrieve full-text content]China has suspended barley imports from Australia’s largest grain exporter, CBH Group, after detecting pests in a recent shipment, in a further escalation of bilateral tensions between the two countries that show no signs of easing.China’s General Administration of Customs (GACC) said it also revoked CBH Group’s import registration.“We urge the Australian authorities to improve their supervision of grain exports to ensure they meet Chinese import requirements,” the GACC said in a statement.CBH…

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US sanctions over South China Sea will not affect blacklisted Chinese construction giant CCCC, company says

August 31, 2020

[unable to retrieve full-text content]The dredging business of state-owned engineering giant China Communications Construction Company (CCCC) will not be adversely affected by fresh US sanctions, but questions remain as to whether there could be reputational damage to its Australian and US subsidiaries, including a marine engineering group in Texas.On Wednesday, the United States Department of Commerce blacklisted 24 Chinese state-owned companies, including five CCCC dredging subsidiaries, for their roles in helping the Communist…

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China doubles down on Australia trade dispute with new joint probe into wine subsidies and dumping claims

August 31, 2020

[unable to retrieve full-text content]China has further escalated its trade dispute with Australia by initiating a second investigation into Australian wines in a matter of weeks, this time focusing on subsidised products.While it was announced separately, a countervailing investigation into subsidised Australian wine imports launched by the Chinese Ministry of Commerce on Monday is a joint investigation with the anti-dumping probe initiated on August 18, taking a similar format to the investigation into Australia’s barley dumping,…

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China’s anti-dumping investigation into Australian wine is politically motivated, industry figures say

August 28, 2020

[unable to retrieve full-text content]Some established and well-known Australian wines can be found heavily discounted on Chinese e-commerce sites, but most such listings show them being sold at similar or higher prices compared with those down under.And rather than indicate that Australian wine is being systemically dumped at low prices in China, industry experts say political motivations seem to be behind an anti-dumping investigating into Australian wine that China initiated last week.On popular Chinese e-commerce sites…

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China’s Mengniu calls off deal to buy Australian drinks company after failing to get Canberra’s approval

August 25, 2020

[unable to retrieve full-text content]China Mengniu Dairy will not acquire Japanese drinks company Kirin Holding’s Australia-based asset Lion Dairy & Drinks after failing to get approval from the Australian government, the latest incident in escalating trade tensions between Beijing and Canberra.Hong-Kong listed Mengniu Dairy agreed in November to pay A$600 million (US$429 million) for Lion Dairy & Drinks, well-known locally for its Berri and Pura brands of milk as well as the Mac’s and Hopt drinks brands sold in New Zealand.The…

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China working with Azerbaijan on belt and road transport route even as Baku restricts investment

August 24, 2020

[unable to retrieve full-text content]China is actively pursuing investment in Azerbaijan through the Belt and Road Initiative to take advantage of its strategic position in central Asia, experts said, even as Baku maintains rigid limits on foreign capital inflows, thwarting Chinese efforts to invest in the service sector.Beijing has used the ongoing bilateral negotiations on Azerbaijan’s prolonged World Trade Organisation (WTO) membership process to open up access for projects under its belt and road plan to grow global trade…

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India, Japan, Australia keen to boost supply chain security by reducing reliance on China

August 21, 2020

[unable to retrieve full-text content]Japan, India and Australia are moving towards a new trilateral effort to ensure global supply chains and reduce dependence on China in the event of another catastrophe like the coronavirus occurring in the future.The coronavirus outbreak has brought to the fore the importance of diversification away from trade and supply chain dependence on China for many countries, particularly key partners like Japan, India and Australia.Japan’s Ministry of Economy, Trade and Industry broached the idea with…

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Australia’s winemakers may be hoping in vain China drops anti-dumping case as it did with the EU

August 19, 2020

[unable to retrieve full-text content]While Australia’s wine industry hopes that China will drop its anti-dumping probe into Australian imports as it did with an investigation into European products several years ago, such an outcome is less likely amid a more charged international trade environment and with much less bargaining power, according to international trade experts.China’s Ministry of Commerce confirmed on Tuesday that they had started an investigation into a complaint from the China Alcoholic Drinks Association that…

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China to power world economy for several years as coronavirus recovery in developed countries lags, miner BHP says

August 18, 2020

[unable to retrieve full-text content]China will be the lone major economy to grow this year, while developed economies will commence a slow recovery in 2021 without any likelihood of returning to pre-pandemic conditions before 2023, Anglo-Australian mining giant BHP said on Tuesday.The diversified miner’s forecast, which was delivered during its full-year earnings report, indicates it thinks China is likely to shoulder the bulk of global growth in the next several years.“While the outlook for 2021 remains uncertain, within the…

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China-Australia trade dispute extends to wine as Beijing targets cheap imports in anti-dumping probe

August 18, 2020

[unable to retrieve full-text content]Cheap Australian wine sold on Chinese e-commerce sites such as Taobao and JD.com has prompted the Chinese government to take action to protect its domestic industry by launching an anti-dumping probe into the imports.China’s Ministry of Commerce (Mofcom) said on Tuesday that it would commence an anti-dumping investigation into wine sold in containers of two litres or less following a formal complaint from the China Alcoholic Drinks Association on behalf of the domestic industry last month.Many…

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China-India spat shows no sign of slowing as Beijing extends anti-dumping tariff on Indian fibre optic product

August 15, 2020

[unable to retrieve full-text content]A low-level trade conflict between India and China shows no sign of slowing, with New Delhi stepping up action against Chinese imports over the past three months and Beijing on Thursday extending an anti-dumping duty on an Indian fibre optic product.A review of India’s anti-dumping database shows authorities have increased the number of investigations into Chinese imports and imposed new duties on products following a border skirmish in June, which resulted in the deaths of 20 Indian soldiers…

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‘China sympathisers’: a new Red Scare stalks Australian businesses

August 9, 2020

[unable to retrieve full-text content]What Helen Sawczak doesn’t know about doing business with China isn’t worth knowing.Having run the Australia China Business Council (ACBC) for more than four years, the formidable yet approachable Sawczak has an encyclopedic knowledge of a relationship now worth A$235 billion (US$169 billion) in two-way trade. In short, she is the perfect person to act as a bridge between two of the Asia-Pacific’s most important trading partners.Unfortunately, she has resigned.While she says the decision is…

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China’s new Yantai deep water port receives first iron ore mega ship from Brazil’s Vale

August 6, 2020

[unable to retrieve full-text content]Brazilian miner Vale this week docked its first skyscraper-sized ore ship at one of China’s newest deep water ports, putting into motion Beijing’s strategy to diversify its sources of iron ore.However, analysts said it would be some time before shipments from Brazil seriously challenge those from Australia, given that Vale is still trying to ramp up production to 2018 levels following production problems from the coronavirus outbreak and a tailings mine disaster early last year.The fully-laden…

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China’s appetite for iron ore prompts Brazilian miner Vale to explore new deep water port

August 3, 2020

[unable to retrieve full-text content]Brazilian iron ore mining giant Vale is in talks with the Alcantara Port Terminal on Brazil’s northern coast to increase iron ore shipments to China – a move that aligns with China’s recent attempts to diversify its sources of the critical steelmaking ingredient amid a surge in domestic demand.Alcantara offers a deep water port that could host so-called Chinamax or Valemax iron ore carriers – ships as big as some skyscrapers that can carry much more cargo than normal iron ore transport vessels…

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Australia becomes China’s top source of coking coal as stimulus stokes construction boom

July 29, 2020

[unable to retrieve full-text content]Australia became the largest exporter of coking coal to China in the first half of the year due to a strong rebound in steel production used to supply the country’s post-Coronavirus infrastructure and property building boom.Pandemic restrictions during the spring held back shipments from Mongolia, previously China’s top source of the commodity.In addition, China imported more thermal coal – used in power plants to generate electricity – despite rumours that Chinese companies had been told not…

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China’s steel imports top exports for first time since 2009 to aid economic recovery from coronavirus

July 28, 2020

[unable to retrieve full-text content]China became a net steel importer in June for the first time since the last global recession in 2009, with exports from India, Japan, South Korea and Vietnam set for short term gains as demand overshoots supply in the rapidly recovering economy.China, the world’s biggest steel producer, imported 4.4 million metric tonnes of finished and semi-finished steel products last month and exported a total of 3.7 million metric tonnes, according to data from China General Administration of Customs. It…

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Australia’s spot as China’s top source for iron ore under threat as new mega ports open door for Brazil and Africa

July 24, 2020

[unable to retrieve full-text content]Australia’s share of China’s iron ore imports may be at risk following the opening of four new ports that can operate berths for extra-large ships, opening up new possibilities for greater imports from Brazil and Africa.Very large ore carriers (VLOC) are bigger than many skyscrapers and can carry more than twice the cargo of normal iron ore transport ships, up to 400,000 tonnes, meaning they reduce transport costs and delivery time.This will increase competition for Australian mines, which have…

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China-Chile MOU deepens trade ties as Beijing looks to cement relations with ‘stable markets’

July 23, 2020

[unable to retrieve full-text content]Fruit industry groups in Chile and China have signed a memorandum of understanding (MOU) to deepen trade ties, as China looks to shore up its relationships with “pragmatic” countries amid growing geopolitical tensions with traditional trading partners such as the United States and Australia.The Association of Fruit Exporters of Chile (ASOEX) and the Chinese Chamber of Commerce for the Import and Export of Food and Native Products (CCCFNA) signed the agreement early this week, pledging to boost…

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China-Australia decoupling could damage ‘mutual benefits’ from joint scientific research, study says

July 21, 2020

[unable to retrieve full-text content]A push for decoupling between China and Australia could jeopardise not only trade, but knowledge and commercial benefits gleaned from growing research collaboration, a new report said on Tuesday.China has overtaken the United States as Australia’s leading international partner in producing scientific papers, the results of which can often be commercialised, according to the Australia-China Relations Institute (ACRI) at the University of Technology Sydney.And while knowledge and research…

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