Business

Business

6 Dec 2024

Australian Wine: New Opportunities in the Chinese Market under Quality and Policy

Summary: Australian wine in the Chinese market has become more competitive due to tariff reductions, benefiting from the zero-tariff preferential treatment under the China-Australia Free Trade Agreement. With strong brand loyalty and technical guarantees, Australian wines have gained trust. The collaboration between the government and the industry is fostering market recovery, offering substantial growth potential.

SFG.

Business

22 Nov 2024

Australian Real Estate: Year-End Sales Boom Amid Sydney’s First Price Drop

Summary: The Australian property market in spring 2024 is showing mixed signals. While year-end and early-year periods are prime sales seasons, Sydney experienced its first price drop, coupled with a surge in property listings. Economists predict an interest rate cut by the Reserve Bank of Australia in February next year, causing buyer hesitation and prompting homeowners to seek higher sale prices.

SFG.

Business

21 Nov 2024

Japan’s Gold Exploration Boom: Is the “Land of Gold” Making a Comeback?

Summary: Japan was once known as the "Land of Gold," but it is no longer a major gold producer. Despite numerous international exploration companies flocking to Japan in search of new gold deposits, local dissatisfaction with exploration activities poses challenges for foreign companies. Will Japan reclaim its title as the "Land of Gold"? It may still be too early to tell.

SFG.

Business

12 Nov 2024

Australia’s Housing Construction Industry Sees Recovery as Building Permits Reach Record Highs

Summary: Australia's housing construction industry is rebounding due to subsidies and rising interest rates, with building permits hitting new records. However, regional disparities exist, as Sydney's high land prices pose challenges for developers, prompting buyers to look to surrounding areas. Material costs are rising, and shovel - ready land for development remains costly.

SFG.

Business

11 Nov 2024

CEPA Agreement Signed: Australia-UAE Trade Enters a New Phase

Summary: Australia and the UAE have signed the CEPA, removing 99% of tariffs to boost trade and investment cooperation, particularly in clean energy, infrastructure, and high-tech sectors. The Business Council of Australia is leading high-level dialogues to deepen bilateral trade relations.

SFG.

Business

23 Oct 2024

Japan’s Power Index Falls Out of the Top Three in Asia-Pacific; Low Birth Rate and Aging Population as Major Obstacles

Summary: Japan has slipped to fourth place in the 2024 Asia Power Index by the Lowy Institute, overtaken by India. The main reasons for this decline are the long-term stagnation of the economy, particularly in "economic capacity" and "economic relations," leading to foreign investment withdrawal and decreased productivity in the technology sector.

SFG.

Business

25 Sep 2024

Japan’s labor market is in a state of emergency: aging and labor shortage go hand in hand.

Summary: Japan's aging is increasing, the elderly population is at a record high, the government has taken a number of measures to deal with the situation, including boosting the fertility rate, relaxing the immigration policy to introduce foreign labor, in order to alleviate the shortage of labor, and to promote the sustainable development of the economy.

SFG.

Business

13 Sep 2024

The depreciation of the Japanese yen has become a shopping catalyst, benefiting both Japan’s tourism consumption and exports

Summary: The depreciation of the Japanese yen and the surge in tourists have pushed up duty-free sales of Japanese department stores to a historic high. Sales of various products have increased. The global tourism industry's recovery has boosted the tax-free sales boom, which is expected to continue to prosper, and the depreciation of the yen is also beneficial for export enterprises.

SFG.

Business

23 Aug 2024

Japanese Companies Predict Declining Growth Rate, Focus on Consumer Market Recovery and Policy

Summary: Large Japanese companies express concern over yen depreciation and inflation, predicting that economic growth in 2025 may fall short of last year's expectations. Public attention is on consumption, capital, and tourism growth, with concerns over declining demand and currency devaluation. Many companies are staying domestic, while favoring the North American and Southeast Asian markets.

SFG.