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
United States outmanoeuvres Russia once again?
In a recent briefing, the US Director of National Intelligence (DNI), Avril Haines warned, “I would characterize it as the Russians aren’t winning, and the Ukrainians aren’t winning, and we’re at a bit of a stalemate here.” So, where is the Russia-Ukraine war heading? What is Russian President Putin planning next? Is Europe ready for […]
China is defying global order to expand power, US admiral warns
The Chinese Communist Party and the People’s Liberation Army (PLA) are destabilizing international order in an effort to expand their global power, Adm. John Aquilino, commander of the Indo-Pacific Command, warned lawmakers during a House hearing on Tuesday. In his written testimony submitted to the House Appropriations defense subcommittee, Adm. Aquilino explained that the Department […]
China – Autocracy and decoupling technical tests
We have noticed that the embrace with China had become suffocating in the last twenty years. The West universe of consumers and China the factory of the world. We started with modest and low value-added materials and products, to refine the trajectory and revolution to the most refined and complex technologies, such as 5G and […]
Four ways China is growing its media influence in Southeast Asia
As President Biden welcomes leaders of the Association of Southeast Asian Nations to a special summit this week in Washington, D.C., his administration is affirming Beijing as the U.S.’s main rival and underscoring the region’s importance in U.S.-China competition. The two-day event is part of the U.S effort to woo ASEAN members caught in a […]
Confronting Russia will deter China, says Japanese defense minister
A strong international response to the Russian invasion of Ukraine is critical to deterring China from embarking on territorial conquests in Taiwan or the South China Sea, said Japanese Defense Minister Nobuo Kishi. “China has been carefully observing the current situation of Russia’s aggression against Ukraine and they are paying particularly close attention to what […]
How Russia-Ukraine copied Finland war without lessons
Finland is a unique country with a distinct language and culture. However, its possession was always contested between Sweden and Russia. Though Finland mainly remained under Swedish control in 1809, it was annexed by Russia. Using the end of World War I and the Bolshevik Revolution in late 1917, Finland declared its independence from the […]
China plans system to take out asteroids hurtling toward earth
China plans to develop a system for monitoring asteroids that pose a threat to earth, highlighting the nation’s growing ambitions for its space program. The country will also explore ways for taking out asteroids that endanger the planet, Wu Yanhua, deputy director of the China National Space Administration, said in a TV interview, according to […]
Russia-Japan tensions flare anew over the Kurils
Formally, Russia is not at war with Ukraine, where it claims to be conducting a so-called “special military operation.” But with Japan, given that Moscow and Tokyo never signed a peace treaty officially ending World War II, the two Asian neighbors remain technically at war. And after Japan recently described four Kuril islands whose ownership […]
Solomon Islands has Washington in state of alarm after a security pact with China
A tiny island chain in the South Pacific has Western governments scrambling after it agreed to a security pact with China that the United States and its allies fear could enhance Beijing’s military power in this strategically important region. The deal between China and the Solomon Islands, a nation of 700,000 people that had deadly […]
China says its ‘future helicopters’ will be equipped with ground-breaking technologies
Militaries all around the world are looking at integrating modern technology into their military weapons. China, as usual, appears to be making serious efforts to prepare for the future battleground, this time, with plans to include artificial intelligence and high-speed features in its future choppers. During a recent public lecture, a prominent Chinese military helicopter […]
Craig Hill 