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  • One year on, Xi Jinping still has everyone guessing | Business Spectator
    corruption campaign a rectification campaign within the Party to tackle conspicuous displays of extravagant living and waste of public monies by Party and Government officials and an ideological mass line campaign which harks back to earlier periods which sought to extol virtuous behaviour by Party officials as a model for the wider community Xi s anti corruption campaign has netted some big figures as he uses it to consolidate further his power It is widely believed that the main target at this time is former Standing Committee member Zhou Yongkang Zhou sought to protect former Chongqing Party boss and leadership aspirant Bo Xilai at the time of his arrest early last year Zhou who was head of internal security and police was rumoured at the time to have wanted to stage a coup against the fading leadership of former President Hu Jintao It is unlikely that such rumours had any basis in fact but such was the factional tussle over Bo that these things could be spread and believed by many even if only for a short period The harshness of Bo s recent sentence highlights the bitterness of the contest Three senior executives in PetroChina Zhou s power base have been arrested together with other close associates including the Chairman of the State Administration of State owned Assets Commission and a former Deputy Governor of Sichuan Province It is most unlikely however that Zhou as a former Standing Committee member would be arrested and charged But his networks of influence and power would now seem to be seriously damaged While outside observers can never know the true character of individuals at the centre of Chinese politics the apparent leftist leanings of Xi have come as a surprise to many who study these things He was seen as reasonably modern well travelled and well educated Moreover both he but particularly his highly esteemed father suffered at the hands of Mao The swing to the left under Xi has involved more positive official references to Mao including an announcement that a collection of quotes from Mao s Little Red Book would go back into print and other bits of colour from the Maoist era At the same time there has been a definite crackdown on expression of more liberal opinion usually associated with issues around the rule of law or its absence in China by academics and the media and on the local social networking sites People are genuinely hesitant if not yet frightened to express their views as freely on WeChat and Weibo as they did just a few months ago A friend who was daily posting critical and ironic commentary on the Government now only posts classical poetry as a form of protest over the tighter controls Xi s agenda in all of this is difficult to discern For sure he does not see himself as China s Gorbachev He seeks to strengthen and reaffirm the role of the Communist Party not to preside over its demise Anti corruption

    Original URL path: http://www.businessspectator.com.au/article/2013/10/23/china/one-year-xi-jinping-still-has-everyone-guessing (2014-01-12)
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  • Geoff Raby | Business Spectator
    international meeting of the year has been choreographed to involve lots of hard work For Australia that s a welcome development by Geoff Raby 7 00am June 05 1 comment There s a catch to Xi s tiger trap Xi Jinping s declared corruption crackdown has had its first win but the protracted fall of Liu Tienan suggests the case met heavy resistance within the Party by Geoff Raby 6 38am May 21 2 comments Much ado about 20 basis points in China Analysts decrying a slowdown in Chinese GDP should look at the bigger picture to get an idea of where the country s growth is really positioned by Geoff Raby 8 02am April 24 Australia and China begin the great thaw For all the symbolism of Julia Gillard s trip to China a new forum co chaired by Andrew Forrest will be key to breaking down suspicions hindering business dealings by Geoff Raby 7 40am April 10 6 comments China s gasping leap forward The numbers may be positive but China s grow at all costs approach is looking strained China s new leaders can no longer paper over the cracks of a wild west financial sector and a decaying environment by Geoff Raby 7 18am March 27 3 comments Xi s bureaucratic shuffle is a slow waltz Administrative reform has often accompanied or presaged new stages in China s economic reform policies But the latest round of portfolio adjustments are quite modest and no guarantee of much needed change by Geoff Raby 6 43am March 13 China cracks the door on a global renminbi The symbolism of currency swap agreements between China and the UK is highly significant and under Beijing s new leadership it seems the renminbi s full internationalisation is only a matter of time by Geoff Raby 7 18am February 27 4 comments Who s afraid of China s big bad rebalancing Dire predictions about a sharp fall in Chinese GDP as the country shifts away from investment and toward consumption are exaggerated The rebalancing is happening but there s nothing to fear by Geoff Raby 7 21am January 31 1 comment China sows for a solid growth harvest Chinese growth will be strong this year and could surprise on the upside Meanwhile jostling over financial sector and other policy reform will heat up ahead of a key CCP meeting later in 2013 by Geoff Raby 7 57am January 17 3 comments China swaps exuberance for the hard yards Despite a robust growth forecast the Communist Party s campaign against graft and official extravagance and reforms of its urban labour registration system will provide challenges in China by Geoff Raby 7 52am December 20 3 comments Market manifesto Xi Jinping s call to action China s new magnificent revolution will usher in a larger private sector and sweeping financial reforms It will strengthen the economy while cementing the state s hold on power by Geoff Raby 7 19am November 27 Xi serves up a

    Original URL path: http://www.businessspectator.com.au/contributor/geoff-raby (2014-01-12)
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  • Japan hurting LNG sector: Woodside | Business Spectator
    their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Japan hurting LNG sector Woodside 23 Oct 2013 3 52 AM 2 Industries Resources and Energy Economy Global News Asian Economy Exec warns Japanese govt preventing firms from investing in projects You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Woodside Petroleum Ltd has blamed the Japanese government for fuelling losses for gas buyers and stalling the development of new liquefied natural gas LNG projects in Australia according to The Australian The company s senior general manager of LNG pricing Mark Hanna told a conference in Tokyo that Japanese power companies are posting losses because the Japanese Ministry of Economy is preventing them from raising prices which would allow them to pay reasonable prices for LNG and overcome their current reluctance to commit to large capital intensive projects He said the Japanese government s move to pressure Japanese power companies to invest in shale gas supplies from the United States reflects short term thinking This has created pressure to purchase US shale gas based on the lure of cheaper prices which may not be sustainable and has a higher risk profile Mr Hanna said according to The Australian The reluctance of Japanese buyers to commit to projects other than US shale gas will result in delays in projects other than US supplied sources Print this page Related articles 13 Jan BHP faces buyback pressure 13 Jan Indonesia ban no issue Palmer 10 Jan OM Holdings CEO resigns 10 Jan Korea China jostle for Aust resources 10 Jan Fed govt should support Alcoa ALP More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy R Ambrose Raven Wed 2013 10 23 09 24 Which won t change with a free trade agreement Note too the silence on such anti competitive behaviour A firm gas reservation policy is justified as much by

    Original URL path: http://www.businessspectator.com.au/news/2013/10/23/resources-and-energy/japan-hurting-lng-sector-woodside (2014-01-12)
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  • The Chinese baby boom fuelling Warrnambool’s favour | Business Spectator
    Factory with a travel agent advertorial Salty ocean air Lush green pastures and cliff top rest stops The Great Ocean Road is a pretty special place It s the perfect area for dairy farms because of a unique mix of volcanic soil undulating hills and about 28 to 35 inches of rainfall each year So the grass is lush and green and there s plenty of it the site says That sounds a long way from urban Beijing But it is the growing sprawl of China and other Asian neighbours and the corresponding rise in incomes that has three bidders vying from as far away as Canada for this unassuming dairy maker and its protein packed produce Developing nations have contributed 83 per cent to global whole milk consumption growth over the past three years 97 per cent to skim milk powder and 82 per cent to butter growth according to research by the Commonwealth Bank Trade in dairy products continues to surge on the back of the Chinese dragon says Commonwealth Bank analyst Luke Mathews Chinese per capita consumption of dairy products is rising rapidly and there is much more growth to come Exporters such as New Zealand and Australia will continue to benefit as Chinese per capita dairy consumption rises toward developed Asian standards In China the infant food industry is in rapid development Higher incomes correspond with higher intake of milk cheese and meat and this is expected to lift Chinese demand for infant formula milk powder by 15 per cent per year With an entire family focused on the fortunes of a single child status obsessed parents will spare no expense in ensuring the best possible start in life for a little emperor In Shanghai s upscale supermarket CityShop for instance a 900 gram can of Bellamy s Organic Infant formula which hails from Tasmania and retails in Australia for 21 99 will set a Chinese family back 75 China s population is 1 4 billion and Huidian Research predicts the number of newborns every year will exceed 17 million and that there will be about 50 million Chinese children under three years old in the next few years By 2015 the value of China s infant food market is estimated to jump by 50 per cent to 90 billion yuan Supporting this is talk that China s one child policy in place since 1978 is on the verge of reform China may significantly relax its one child policy at end 2013 or early 2014 by allowing families to have two children if at least one parent is from a one child family said an August note to clients from BofA Merrill Lynch economist Ting Lu A plan for allowing all families to have two children after 2015 is also being reviewed China s high end milk powder market has been dominated by foreign brands The market share of foreign milk powder brands Mead Johnson Dumex Wyeth Nestle and Abbott has grown to almost 60 per

    Original URL path: http://www.businessspectator.com.au/article/2013/10/22/agribusiness/chinese-baby-boom-fuelling-warrnambools-favour (2014-01-12)
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  • Miranda Maxwell | Business Spectator
    latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Miranda Maxwell Charts fighting against the bulls The ASX 200 has breached a key support level according to chartists and a downtrend looks likely for local shares by Miranda Maxwell 4 48pm December 03 1 comment CIMB says demand strong for 503m Fortescue stake CIMB says it found good uptake for a sale of just under 3 per cent of Fortescue at 5 50 a share by Miranda Maxwell 5 30pm November 07 Medicine just the tonic for Woolworths growth The 16 billion pharmaceutical industry has been protected from supermarket competition but that may change in 2015 Woolworths sees a big opportunity by Miranda Maxwell 6 51am October 25 4 comments The Chinese baby boom fuelling Warrnambool s favour China s growing middle class has fuelled an explosion in demand for dairy produce and a relaxing of the one child policy would mean many more little emperors for WCB to feed by Miranda Maxwell 5 14pm October 22 1 comment The pain of being maxed out The next three years will be tougher for the Reserve Bank than the pre GFC period with a highly leveraged economy and low domestic demand growth limiting the levers at its disposal by Miranda Maxwell 11 17am October 18 12 comments Charts fighting against the bulls The ASX 200 has breached a key support level according to chartists and a downtrend looks likely for local shares by Miranda Maxwell 4 48pm December 03 1 comment CIMB says demand strong for 503m Fortescue stake CIMB says it found good uptake for a sale of just under 3 per cent of Fortescue at 5 50 a share by Miranda Maxwell 5 30pm November 07 Medicine just the tonic for Woolworths growth The 16 billion pharmaceutical industry has been protected from supermarket competition but that may

    Original URL path: http://www.businessspectator.com.au/contributor/miranda-maxwell (2014-01-12)
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  • In the line of rogue US firepower | Business Spectator
    The Fund s estimate for this year and its forecast for next year are both about the same as the actual rate of growth last year all within the range 6 3 6 5 per cent Not only is the growth rate stable but the pace is quite respectable At this rate income doubles in just over a decade Of course some of these countries could do better but this is not too bad Second there is the lesson of the last six months US policy adjustments can be disruptive for emerging economies Financial markets are the conduit Sharp movements in exchange rates and interest rates are the manifestation and these in turn disrupt domestic confidence and investment Exchange rates fell sharply in India and Indonesia but in the end the falls were not much greater than occurred in Australia The difference is that confidence was not undermined in Australia In fact the fall was seen as a positive factor restoring international competitiveness Indonesia and India are not yet ready to judge these big shifts with the same equanimity While both these countries have been given a reprieve the story is not yet over The US will have to do its QE taper at some stage and the arm wrestle on debt will resume early next year In Europe the banking system is still frail and the peripheral countries are ripe for renewed crisis Can the emerging economies seek protection by asking the advanced economies not to repeat their damaging policies In a word no The emerging economies should assume they are on their own Rather than special pleading in international forums their best bet is to prepare themselves Indeed recent tribulations have strengthened the hands of the reformers In India Raghuram Rajan the new rock star central bank governor was able to push through unpopular interest rate increases and capital account reforms In Indonesia interest rates were raised and there are even whispers about another petrol price increase to reduce the ludicrous subsidy which costs the budget as much as health spending Just as reassuring the external stresses seem to have pushed aside the grandiose infrastructure project to build a bridge across the Sunda Strait passing close to the still active remains of the Krakatau volcano that shook the world in 1883 In both India and Indonesia part of the policy response to the recent volatility involved market intervention to support the currency This sort of intervention has been consistently derided both by academics and the international agencies but is now getting support from surprising quarters and wary endorsement from the IMF As usual however the Fund speaks with multiple voices and the dominant ones are still stuck on the old morality tale if a country s domestic policies are virtuous flexible exchange rates firm fiscal policy and structural reform it will be saved even in a volatile world It s as if the Fund having formerly been a strong advocate of chastity now has no sensible advice to

    Original URL path: http://www.businessspectator.com.au/article/2013/10/22/economy/line-rogue-us-firepower (2014-01-12)
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  • Asian stocks open stronger | Business Spectator
    wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Asian stocks open stronger 21 Oct 2013 1 38 PM Economy Global News Asian Economy Markets Hang Seng Nikkei 225 push considerably higher in early trade on US leads You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP with a staff reporter Asian stocks opened considerably stronger following another record close on Wall Street at the end of last week and ahead of long delayed US jobs data In Hong Kong the benchmark Hang Seng Index opened 0 66 per cent higher at 23 494 37 In China the benchmark Shanghai Composite Index rose 0 27 per cent in morning trade to 2 199 65 Meanwhile in Tokyo the Nikkei 225 index was 1 00 per cent higher in opening trade at 14 707 02 points The 16 day US government shutdown had prevented the release of key data none more critical than jobs figures SMBC Nikko Securities general manager of equities Hiroichi Nishi told Dow Jones Newswires The US September jobs report originally scheduled to be out on October 4 was delayed by the government shutdown but will be released on Tuesday Investors watch the payrolls data keenly to get a clue to the health of the world s largest economy and mull its impact on when the Federal Reserve will start reel in

    Original URL path: http://www.businessspectator.com.au/news/2013/10/21/markets/asian-stocks-open-stronger (2014-01-12)
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  • Asian Economy | Business Spectator
    Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Asian Economy US deal aids global stability China Comments come after state run media editorial criticising US politicians 3 27am October 18 1 comment US debt crisis prompts China rethink Analysts suggest China may diversify away from US amid impasse 12 08am October 17 Japan to remain Asia focus Bishop Amid efforts to improve China ties Bishop says Japan to remain best friend 2 16am October 16 Japan s wrinkles are on our horizon Japan s aging population lack of job security national security and staggering debt to GDP ratio deserve a watchful eye as they could soon face the west by Gideon Rachman Financial Times 8 12am October 15 3 comments US seeks to reassure on debt crisis US default risk dominates Asian summit after China expresses concerns 12 11am October 11 IMF cuts China growth forecast IMF reduces 2013 2014 China outlook warns on Asian growth 1 00am October 09 US China clash at APEC summit US pushes hard for TPP trade alliance as China voices concerns about pact 12 06am October 09 Indian H1 auto sales fall sharply India s auto sales post steepest drop in a decade amid weakened economy 12 02am October 09 A harder target for Abe s third arrow The Japanese prime minister s plans to encourage deregulation productivity and greater competitiveness will face significant obstacles from corporations and consumers by Craig Mark 7 03am October 08 1 comment US debt ceiling could hurt China Zhu Senior Chinese official warns of impact a US default would have on China 12 49am October 08 Japan has overcome stagnation Abe Japanese PM insists reforms stimulus have helped Japan move on from crisis 12 11am October 08 Abbott pushes China free trade deal Prime Minister confident of securing China FTA 12 nation Trans Pacific Partnership 5 32pm October 07 4 comments Bank of Japan avoids fresh stimulus Central bank s chief says he is willing to act if economy weakens further 10 56pm October 04 Asian oil import bill to spike IEA IEA warns Asian countries vulnerable to impact of oil price spike 11 28pm October 02 Can Asia go the next round on economic integration Free trade agreements have not brought significant commercial gains or domestic reforms to Asia There needs to be a stronger focus on multilateral economic integration by Shiro Armstrong 4 04pm October 02 1 comment ADB cuts

    Original URL path: http://www.businessspectator.com.au/economy/global-news/asian-economy?page=1 (2014-01-12)
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