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Australia’s Economy Grew 0.7% – But Would Plunge Back To Recession Due To Lockdown & China’s Trade War

Australia has reported a slightly better economic growth than expected. Against Reuters’ prediction of an economic growth of 0.5% in the June quarter, the Aussie recorded 0.7%. It’s lower than 1.9% increase in the first 3 months of the year. However, Australian Bureau of Statistics (ABS) admitted the latest figures do not provide the full […]

... written on Sep 01 2021

Not Giving Up! – Australia Wine Still Trying To Access China, Through “Backdoor Entry” And Local Partnership

Australia has officially complained to the World Trade Organisation (WTO) last month that China’s huge slap – as high as 218.4% tariff – on the country’s wine industry has done “serious harm”. Trade Minister Dan Tehan had even offered a hilarious reason. He said Australia was forced to file the dispute because Beijing had refused […]

... written on Jul 23 2021

New 15% Global Tax Deal – Here’s Why G7 Finance Ministers Agreed To Impose New Tax Rate On Corporations

The Group of Seven (G-7), popularly known as the club of rich nations, has reached a landmark deal on Saturday to slap at least 15% corporate tax on MNCs (multinational companies or corporations). The global minimum tax rate on company profits will provide a new way of sharing the revenues from taxing the world’s most […]

... written on Jun 06 2021

The Cold War Has Begun – Beijing “Indefinitely” Suspends China-Australia Strategic Economic Dialogue

Relations between China and Australia have taken a twist for the worse when Beijing unexpectedly announced that the key economic dialogue with Canberra has been “suspended indefinitely”. The decision, made by the National Development and Reform Commission (NDRC), China’s top economic planner, saw the Australian dollar weakened against the U.S. dollar.   The last time NDRC […]

... written on May 06 2021

Australia’s Wine Export To China Crash 96% – Only $9 Million Sold As Tariffs Wipe Out Aussie’s Biggest Export Market

Last month (March 26), China’s Ministry of Commerce officially announced that import duties between 116.2% and 218.4% will be imposed on Australian wines. The ministry concluded that domestic wine industry had been hurt by the dumping of cheap Aussie wine. To make matters worse, Beijing decided that the anti-dumping punishment will last for 5 years. […]

... written on Apr 29 2021

Australia’s Beef Export Worth A$3 Billion To China May Not Recover – Permanently & Completely

It’s been close to 12 months since China suspended imports of beef from Australia, and it’s hard to see how the ban would be relaxed anytime soon. In fact, the damage to Aussie red meat, valued at about A$3 billion, could be permanent. The exports of Australian beef to the Chinese market was the most […]

... written on Apr 19 2021

Why Is A 401K Gold Rollover A Good Idea?

Many people in today’s business industries designate their 401k benefit as a retirement. But these plans face exceptional risk with exposure to things like inflation threatening account holder’s funds. Without a diverse mix in the portfolio, there’s little protection for what you’ve worked so hard to accumulate.   As people develop an understanding, whether through […]

... written on Apr 05 2021

Australia’s $1 Billion Wine Industry In Trouble – China Officially Slaps 218.4% Import Duties For 5 Years Effective Sunday

On Friday (March 26), China’s Ministry of Commerce announced that import duties between 116.2% and 218.4% will be imposed on Australian wines effective Sunday (March 28). The massive tariffs arrived after the ministry concluded that domestic wine industry had been hurt by the dumping of cheap Aussie wine. Worse, the anti-dumping punishment will last for […]

... written on Mar 26 2021

China Has Swiftly Retaliated Against The EU Sanctions – And This Could Affect The Europe’s Investment In China

On Monday (March 22), the United States, United Kingdom, European Union and Canada imposed sanctions on some Chinese officials for human rights abuses in Xinjiang region. The move was part of a coordinated action against Beijing by the U.S. and its allies under newly crowned U.S. President Joe Biden. But it appears Beijing was prepared for such […]

... written on Mar 23 2021

Australia’s Treasury Wine Forced To Sell Brands & Assets – Profit Suffers 43% Drop After China’s Tariffs Punishment

Treasury Wine Estates is the world’s largest listed winemaker with total revenue of A$2.88 billion in 2019. The Australian company, with a market value of US$7.32 billion, operates in Australia and New Zealand, the Americas, Asia, Europe, Middle East and Africa. Headquartered in Melbourne, Treasure Wine’s business is in the production and marketing of wine. […]

... written on Feb 17 2021









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