#China
Australia-China trade tensions: The way forward
Australia needs to think about how to strengthen relations in the region so it benefits from trade in a COVID-19 world, says Professor Heng Wang, co-director of UNSW Law’s China International Business and Economic Law (CIBEL) Centre. The way forward for trade between Australia and China is through the Regional Comprehensive Economic Partnership (RCEP) alongside the […]
China’s economic slowdown a bigger concern for Australian businesses than the US China trade war
With trade tensions between the US and China continuing to simmer, global trade growth could potentially grind to a halt this year, contracting by up to 2.3 per cent in 2020. (1) However, it is not just the risk of short-term suffering of the Chinese economy from trade restrictions that poses a risk to the […]
Novatti launches platform for Chinese residents to pay BPAY billers with AliPay
ASX-listed fintech Novatti Group has launched a new bill payment solution for members of Australia’s growing community of Chinese residents, migrants, students and toursist, resulting in its shares surging more than 36% in a day. The chinapayments.com platform enables consumers to pay billers registered with the BPAY electronic bill payment system, using funds from their […]
Opportunities abound in China for Aussie SMEs but on-the-ground relationships are essential
China’s booming economy and rapidly growing middle-class present a wealth of opportunities for Australian businesses, particularly those companies able to tap into the rising demand for high quality goods and services. But many local SMEs with international expansion goals have discovered it’s not as simple as heading overseas and establishing operations. In a culture such […]
China and Australia cooperating on fintech
The Australian Securities and Investments Commission (ASIC) and the China Securities Regulatory Commission (CSRC) have entered an agreement to promote innovation in financial services in their respective markets. The Information Sharing Co-operation Agreement provides a framework for information sharing between the CSRC and ASIC on emerging market trends and developments, as well as regulatory developments […]
Looking beyond our shores as a small business
Australia’s continued economic relationship with China is showing little sign of slowing down[1], with the country – our biggest trading partner – investing in Australia at a level not seen since before the global financial crisis. There are, undoubtedly, valuable export opportunities for Australia’s small business sector not only in China but also in the […]
How to Sell to Chinese Consumers: three tips
Last year, one of my colleagues built two semi-detached houses, wanting to sell one. His question to me was: How do I sell it to a Chinese buyer? There’s an implied understanding in that question that Chinese buyers will pay a premium to acquire a property. Besides possible higher premiums, the other reason to target […]
Marketing tech start-up Sinorbis raises $2.3m to help businesses engage Chinese consumers
Pre-Series-A technology start-up Sinorbis, which assists Australian companies and marketing agencies to engage Chinese digital customers, has closed an oversubscribed $2.3 million bridging round, bringing its total capital raise to $3.9 m to date. In a press release announcing the raise, co-founder and CEO Nicholas Chu explained that Australian companies have ‘traditionally struggled’ to market […]
Relationships crucial when going global
There has never been a better time for Australian companies to expand into Asia. Today, China is Australia’s largest trading partner for both imports and exports. Opportunities abound, as China now has the world’s largest middle class population which leads it increasingly towards a market for high grade goods and services. For example, China is […]
Stashd CEO Jessica Wilson on what she gained from EY’s Accelerating Entrepreneurs program
Jessica Wilson, the CEO of fashion app Stashd, was one of two dozen start-up founders from the Asia Pacific to receive support from EY to accelerate their business growth plans. Last month, she attended a strategic growth forum in Rome as part of EY’s 2017 Asia-Pacific Accelerating Entrepreneurs program, which provided participants with mentoring, coaching […]
The Chinese market ‘dances to the beat of its own drum’: how SME exporters can succeed
While China is Australia’s biggest export destination, it’s a notoriously tricky market to enter – even for multinationals. So, how do export-driven Australian SMEs form lasting connections with Chinese customers? Dynamic Business spoke to Joe McGuire, Global Head of Sales & Partnerships with Airwallex, a Melbourne fintech start-up specialising in cross-border payments. Dynamic Business: What […]
How will the economy Impact SMEs in 2017?
September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period […]
The American question for small businesses
There has never been a more eagerly awaited election in living memory. American voters will line up on November 8th to cast their vote, most will be for Donald Trump or Hillary Clinton. Their decision will not simply affect political change in America, it will have far reaching global effects that will reverberate all the […]
Aussie SMBs can benefit from China’s growing online shopper population, says Sinorbis CEO
With over 710 million Internet users and 448 million online shoppers, China has the world’s largest Internet population and also the largest eCommerce market. Moreover, the country’s affluent middle class is growing, as is disposable income, and consumers are looking abroad for premium goods and services. With a presence in Beijing and Sydney, Aussie tech […]
IMF : Australian unemployment second highest in Asia Pacific
The IMF has assumed Australia’s unemployment rate to be the second highest in the Asia Pacific region over the next two years as it cut growth forecasts and raised the likelihood of global recession from 20 to 33 per cent.
First time importer? Dot your i’s and cross your t’s
Importing to Australia is no longer simply the domain of multi-nationals, but SMEs can now too take a piece of the pie.
Manufacturing cheaper in China? Not necessarily
Too many Australian business owners mistakenly believe as a matter of course that manufacturing is cheaper in China.
Hard lessons learned, and a fresh perspective to boot
After watching his parents nearly lose their business in the recession Australia ‘had to have’ in the early 90s, Brett Birkill learned the keys to running a business.
China the new frontier for international Australian SMEs
Considering trading opportunities with China, many Australian SMEs may view the market as almost exclusively an exporter. Yet new research reveals the reality is in fact quite the opposite.
Top 10 tips when sourcing from China
Here are 10 tips to help you on your next sourcing project in China.
Oporto forges new frontiers by building third store in China
Oporto, the Bondi chicken burger institution and franchise continues to spread its wings, rapidly adding a second store and confirming construction is underway on their third restaurant in the world’s most populous nation, China.
Little Innoscents increases slice of the ‘organic pie’ in Asia & Middle East
Little Innoscents skincare is riding the wave of the organics market boom, and their new year’s business resolution is simple – get a bigger slice of the ‘organic pie’.
Aussie winemakers urged to sell to booming Chinese market
Aussie winemakers are being urged to consider exporting to the booming Chinese market by the Australia China Development Company (TACDC.com.au), with Chinese demand outstripping Australian wine supply to the country.
Aussie dollar smashes through US98c – trades at US$0.9845
The Australian dollar has broken US98c, trading at US$0.9845 after the Australian Bureau of Statistics revealed strong employment numbers for the month of September this morning.