Shandong-based Company to Expand Australia’s Port of Darwin to Handle More Trade, Including Live Cattle

The Chinese company which purchased the 99-year leasing right for the Port of Darwin announced on Tuesday [31 May 2016] an 18-million-U.S dollar expansion of its operations, just months after taking control of the port. Landbridge Group, owned by Chinese billionaire Ye Cheng, said it would be expanding its operation in Darwin, with a one-km

China to Begin Importing Australian Nectarines in 2017

Australian nectarine growers feel “privileged” that their fruits will be exported to China as the benefits from the historic China-Australia Free Trade Agreement (ChAFTA) continue to trickle into local businesses. Summerfruit WA director Brett DelSimone said it was an “unexpected delight” that China decided to import fresh, sweet nectarines from Australia, but recognized the importance

Australian Infant Formula Producer to Start Selling its Products in Chinese Supermarkets and E-commerce Sites in July 2016

Purefine Nature, a fast-growing Australian family brand, announced it will officially launch its formula milk products in the Chinese market to cater to the demand for foreign products. The first product will be on sale, both in supermarkets and China’s largest e-commerce retailer Tmall, in July [2016], and is expected to be available in 50

Australian Company to Try and Export Chinese Medicine Products to China

Australian pharmaceutical company Blackmores will attempt to tap into the burgeoning herbal medicine market in China and throughout Asia via its new Australian-based business. The vitamin maker on Friday [6 May 2016] announced it had acquired leading local Chinese medicine manufacturer and distributor Global Therapeutics, a group that currently commands an estimated 80 percent share

China-Australia Free Trade Agreement A Boon for Australian Wine, Fruit, Beef, and Milk Powder

The free trade agreement signed by Australia and China late last year is “delivering” for Australian businesses, the nation’s Minister for Trade and Investment said on Monday [2 May 2016]. Steven Ciobo said the Chinese appetite for premium Australian products such as wine, beef, seafood and vegetables had contributed to a number of impressive gains

Australia’s Dairy Giant, Murray Goulburn, Cuts Ties With its Managing Director over Poor Sales in China

Murray Goulburn Co-operative Co Ltd, Australia’s biggest dairy producer, said its managing director quit on Wednesday [27 April 2016] as it blamed weaker-than-expected China sales for a profit warning. The earnings downgrade from Australia’s biggest exporter of processed foods underscores the risk companies take by leaving themselves exposed to changes in Chinese consumer demand and

Australia’s Treasurer Gives a Preliminary “No” to Shanghai Pengxin’s Acquisition of Kidman

Australian Treasurer Scott Morrison on Friday [29 April 2016] blocked the sale of S. Kidman and Co. Limited, the country’s largest private land owner, to Chinese investor, saying the deal is “contrary to the national interest”. Dakang Australia Holdings Pty Ltd (Dakang), a consortium controlled by Shanghai Pengxin, has been the front-runner of the bidders

Legend Holdings, Parent Company of Lenovo, Announces Seafood JV with Australia’s Kailis Bros

Legend Holdings Corp., a Chinese investment group, has announced a joint venture with Australia’s KB Seafoods. The partnership is an important step for Legend Holdings’ agriculture and food business, with seafood as its pillar, said Chen Shaopeng, senior vice-president of Legend Holdings and chairman of KB Food, the new joint venture. The Kailis Bros’ seafood

Chinese Fertilizer Producer Buys Farmland in New South Wales, Australia

Chinese fertilizer producer Hubei Xinyangfeng has secured its first allotment of farmland outside of China, after it purchased a farm in southern New South Wales, Australia. The Chinese company, listed on the Shenzhen Stock Exchange, has pledged to spend $50 million setting up a number of locations in Australia, and began its operation by purchasing