Tag Archives: china

Nice introduction to business opportunities in China and elsewhere

The Australia-China free trade agreement is great news for the Queensland economy, with scheduled reductions in Chinese tariffs on coal and agricultural products from Australia. It will also provide opportunities for people in professional and financial services (see Max Mason’s … Continue reading

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Carbon tax repeal good news for Qld economy

I’m very pleased the Senate will allow the repeal of the carbon tax (Carbon tax to be abolished on third attempt), given that: Queensland would have been disproportionately affected due to our heavy reliance on coal-fired power generation; and it never made … Continue reading

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Chinese tourism boom for Cairns?

Cairns business leaders have been pinning their hopes on a surge in Chinese tourism for a while now, and they remain confident according to a Cairns Post report from yesterday (Could Cairns be on the cusp of a Chinese tourism … Continue reading

Posted in Cairns, Tourism | Tagged , , , , | 3 Comments

Greater uncertainty over 2013-14 economic outlook

The last 24 hours have seen the release of a sobering NAB report on its monthly business survey (Business conditions collapse in June, retail worst hit, says NAB) and the latest IMF World Economic Outlook, which has slightly downgraded China’s … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , | 4 Comments

International tourism continues to recover, particularly in TNQ, thanks largely to Chinese visitors

Tourism and Events Queensland (TEQ) has released its latest International Tourism Snapshot, and it shows a solid recovery in international tourism in Queensland and nationally, particularly in Tropical North Queensland (TNQ), which includes Cairns and Cape York (see my chart … Continue reading

Posted in Cairns, Macroeconomy, North Queensland, Tourism | Tagged , , , , , , , | 2 Comments

Top ten countries for imports to Qld and exports from Qld

Based on today’s new ABS international trade statistics, I prepared the charts below, which show Japan and China are our top two export destinations and the US and China are our top two sources of imports: I was initially surprised by … Continue reading

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Japanese tourism revival may be unlikely given demographic trends

I noticed a report in the Cairns Post this morning regarding an initiative aimed at reviving Japanese tourism to Far North Queensland: THE tourism industry is pinning its hopes on a new joint Australia and Japan tourism campaign to return … Continue reading

Posted in Cairns, Tourism | Tagged , , , , , , , , | 3 Comments

White gold and white meat

Cotton can be a very profitable crop for farmers and is often referred to as white gold. Hence it was good to see the report in the Toowoomba Chronicle today that Darling Downs gins smash cotton record: Queensland Cotton regional … Continue reading

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Building industry recovery looking more likely – more evidence last RBA rate cut unnecessary

Today’s new ABS building approvals data have generated much excitement at the prospect of a building industry recovery, although Queensland’s increase in September was much lower than NSW’s. The Housing Industry Association notes in a media release today that: “Today’s … Continue reading

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Positive outlook for Far North tourism with direct flights from China about to commence

Pete Faulkner at Conus Economics Blog has a nice summary of today’s new ABS overseas arrivals and departures data and their implications for Far North Queensland (FNQ), noting: …Importantly for the FNQ tourism industry, the influx of Chinese visitors showed … Continue reading

Posted in Cairns, Tourism | Tagged , , , , , | 1 Comment