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The second February issue of ACBC Victoria’s Banyue newsletter features Ausbiotech’s five reasons to partner with China in life sciences. Life science companies are flocking to China, pursuing investment opportunities and the chance to take their business to the next level. As more and more companies seek out global investors, discover how China is fast becoming a hotbed for nurturing life science investment.
Issue 69 also includes upcoming events such as the first event in our SME Briefing Series, a roundtable focused on our China Ready Checklist.
See also for recent highlights like our Chinese New Year Cocktail Function, news, supported events and initiatives.
What is more important? A psychological level of US$3 trillion or the fact that President Trump has called 18 heads of State but , until late last week, not called President Xi Jinping? Many observers believe the fall in Chinas foreign currency reserves to $US2.9982 trillion is the more important story.
It is a significant story, but the relations between the US and China are more important.
Issue 68 of The Banyue features news of Australia cashing in on Lunar New Year Tourism. A significant number of the 1.2 million Chinese visitors to Australia each year are choosing to take their holiday to coincide with the festivities. Tourism Australia is hoping to increase demand in this lucrative period to maximise Chinese tourists’ key contribution Australia’s $40 billion tourism industry.
The first issue for February also includes a write up from our Energy & Resources roundtable with CEO and Managing Director of Sino Gas & Energy Holdings Ltd, Mr Glen Corrie.
See also for more news, upcoming events and supported initatives.
Investors are beginning to realize that cherry picking US President Trumps policies is a poor strategy. Some investors were inclined to think that Trump would walk away from his election rhetoric around some of his more extreme policies. The past few days have shown this is not the case.
Trumps refusal to distance himself from Secretary of State Tillersons war-like comments on potential US action in the South China Sea tell investors that a trade war, or worse, with China is about to start. The first round, as promised, would be a declaration that China is a currency manipulator. This would be followed quickly by the imposition of a trade tariff, potentially at a punitive level of 45%.
ACBC Victoria's first issue for 2017 features a welcome message wishing our friends and members a safe, happy and prosperous new year. We very much look forward to celebrating the Lunar New Year at our upcoming drinks function on 8 February at International Chamber House.
See also for our many exciting upcoming events beginning with an information session on the China International Health Products Expo to be held in March in Qingdao, followed by our roundtable on hiring in China, Agribusiness Forum on Chinese Investment and International Women’s Day Forum.
Issue 67 additionally includes news and supported events including the AustCham Westpac Australia-China Business Awards and the National Ballet of China’s performance of The Red Detachment of Women exclusive to Melbourne as part of the Asia TOPA Festival.