Craig Hill
business
Australians face perils by doing business in China
The perils of doing business in China have come into focus again recently, with allegations that staff from the British pharmaceutical giant GlaxoSmithKline paid $500 million in bribes over several years. Four executives from GlaxoSmithKline were arrested in July, while its British-born head of China operations has been prevented from leaving the country. There are … Continue reading
Australian Aboriginals blast indigenous job scheme as “token gesture”
Aboriginal elder Dennis Foley has blasted the federal government’s Indigenous Economic Development Strategy, claiming that employing indigenous people in the public sector is not indigenous economic development. The University of Newcastle professor told a national small business forum in Sydney Aboriginal entrepreneurs were the biggest employers of Aborigines and that government needed to move beyond … Continue reading
Chinese companies claim they are ‘treated unfairly’ by Australia
China‘s state-owned companies may be deterred from investing in Australia because they are being treated unfairly, a Chinese business leader says. Chairman of the China Chamber of Commerce in Australia, Hu Shanjun, said Australia was still a popular place for Chinese groups to invest, but that could change. Mr Hu, who also heads the Bank … Continue reading
Australian industry groups and unions need oversight
Through the years, I have written quite a lot about trade unions. From an economic point of view, trade unions can operate like monopolists, given their ability to institute collective boycotts against businesses by calling on workers to strike. Were it not for a specific law, such activity would be illegal. To be sure, economists … Continue reading
Australia services sector contracts on consumer caution
Australia’s services sector continued to contract in December even after the central bank lowered interest rates at the start of month, a performance gauge by an industry group published Friday showed. The Australian Industry Group-Commonwealth Bank Performance of Services Index fell 3.9 points in December from a month earlier to 43.2 points–well below the 50-point … Continue reading
Australian stocks surge to 19-month high as US fiscal cliff averted
THE sharemarket started 2013 with a bang as US lawmakers agreed a budget deal to avoid the worst of the so-called fiscal cliff that had threatened to derail the world’s biggest economy. The benchmark S&P/ASX 200 closed up 1.2 per cent at a 19-month high of 4705.9, also after better Chinese manufacturing data helped lift commodity … Continue reading
China Daily Mail – Invitation To Join
Introducing my newest venture, China Daily Mail. I would like to invite all my followers to join me at this site, read the articles, and contribute original and reblogged stories. In recent times, I have been taking an interest in the business activities of some of the companies I trained or had associations with in … Continue reading
Expert Panel’s Broadband Report (2009)
The Minister for Broadband, Communications and Digital Economy, Senator Stephen Conroy today announced that the final report from the Panel of Experts on submissions to the National Broadband Network process has been received. The Minister stated that the receipt of this report marks a significant milestone in the NBN process: “The Government is now considering … Continue reading
Are Banks Assisting Identity Fraud?
In recent weeks, I have received several calls from persons claiming to be from my bank. They have told me that I have an account with them that is overdrawn. They have then gone on to instruct me, “for identification purposes,” to verify my account number, by telling them over the phone. This is exactly … Continue reading
Westpac and National Home Interest Rates Rise (2008)
Westpac have raised their interest rates yet again. The Sydney Morning Herald reported that the bank had raised its rate to 9.37%, following the National bank’s rise to 9.36% on Wednesday. The fact that they went higher than the National seems to be an invitation for the other major banks to get on the bandwagon … Continue reading
Most Recent Posts Post on My Blog About China: China News
Cadence Column: Asia, August 2, 2021
British aircraft carrier HMS Queen Elizabeth is trudging through China’s backyard. Chinese government news “Global Times” describes Britain as trying to relive its old days. China was never happy about getting its ass whipped twice in the Opium Wars, which China provoked with its economic philosophy that “sliver-in, tealeaves-out” was sustainable trade. China, now with […]
Attacks on foreign journalists in China cast shadow over Beijing’s upcoming Olympics
After promises during the 2008 Olympics, “[f]ew could have imagined the CCP stooping to the level of running campaigns against individual news reporters and outlets, resulting in harassment and death threats against foreign reporters,” writes William Nee. On July 20, in the central plains of Henan province, one of China’s most important regional cities, Zhengzhou, […]
Tibet and China clash over next reincarnation of the Dalai Lama
A couple of years ago, during a meeting of Tibetan leaders in Dharamshala in India, Tenzin Gyatso, the 14th Dalai Lama, was asked about his reincarnation. Addressing the room of monks, religious teachers and Tibetan politicians, the Dalai Lama asked them to look into his eyes. “Do you think it’s time now?” he asked. It […]
China orders one member of each Tibetan family to enlist in the military to fight against India
China has been hatching several conspiracies since its defeat on the eastern Ladakh border against India last year. Considering the fact that Tibetan youth can play a vital role in fighting India in the Himalayan mountains on the borders of eastern Ladakh to Arunachal Pradesh, China has made it mandatory for one member of every […]
China warns UK as carrier strike group approaches South China Sea
China has warned the UK’s Carrier Strike Group, led by the aircraft carrier HMS Queen Elizabeth not to carry out any “improper acts” as it enters the contested South China Sea. ‘The People’s Liberation Army Navy is at a high state of combat readiness’ says the pro-government Global Times, seen as a mouthpiece for the […]
China Has Reportedly Launched a Little Baby Version of the US X-37B Spaceplane
A Chinese aerospace manufacturer hailed a successful test flight of a new spaceplane that will broaden China’s reusable spaceflight capabilities. The unnamed craft reportedly takes off like a rocket and lands like an airplane, much like the U.S. Air Force’s X-37B (pictured above), but can’t go all the way into orbit like the American spaceplane […]
China Discovers the Limits of Its Power
Beijing’s confrontation with Australia should have been an unequal contest. That’s not how it worked out in practice. “Chewing gum stuck on the sole of China’s shoes.” That’s how Hu Xijin, the editor of the Chinese Communist Party–run Global Times, described Australia last year. The disparaging description is typical of the disdain that China’s diplomats […]
China looking at expropriating foreign-held tech shares
Those foreigners who hold shares in Chinese tech companies are being warned that all is not well. It is China expert Gordon Chang who explained at Gatestone Institute, where he is a distinguished senior fellow and a member of the advisory board, that the nation controlled by a repressive Communist regime is “on the road […]
Cadence Column: Asia, July 26, 2021
While a typhoon largely evaded Taiwan over the weekend, tragedy struck the mainland. Shanghai faced flooding and death while India suffered a landslide in the Himalayas. In a shocking video, one boulder took out a bridge. Several people died. But, speaking of Taiwan’s tendency to fall out of manure smelling like roses, there’s nothing like […]
On This Day In Australia: In 1950, Australia announced they would send troops to the Korean War
Originally posted on Craig Hill:
Third Royal Australian Regiment Only five years after the end of the Second World War, Australia became involved in the Korean War. Personnel from the Royal Australian Navy (RAN), Royal Australian Air Force (RAAF), and the Australian Regular Army (ARA) were committed soon after the war began and would serve…
