Latest news with #ChineseFirms
Daily Mail
4 days ago
- Business
- Daily Mail
'Western civilisation enjoyer' exposes tactic used by Chinese real estate firms to exclude Aussies who speak English
A former Brisbane student has accused Chinese real estate firms in Melbourne of excluding English speaking Aussies. Drew Pavlou captured footage of several firms during a visit to Melbourne's Swanston Street and Elizabeth Street in the heart of the CBD. The Aussie suggested that the Chinese real estate firms 'excluded' English speakers, but his followers were left divided by his video. Mr Pavlou, who describes himself as a 'Western civilisation enjoyer', said he counted 12 Chinese real estate firms on two main shopping streets in the Melbourne CBD. 'Most of them advertise only in Chinese to foreign buyers. English speakers are excluded,' he said on social media. 'Nobody can explain how this benefits Australia during the worst housing crisis in our national history.' In the full video, published to YouTube, Mr Pavlou said he 'counted within one 500m stretch 15 bubble tea stores and about 12 Chinese real estate firms'. '(They) only advertise in the Chinese language for Chinese people to buy property in Australia,' he claimed. 'It was just beautiful.' Mr Pavlou told his video was 'not racially motivated'. He said his family background was Greek Australian and he would equally oppose Greek real estate agencies advertising to overseas buyers. 'Young Australians are locked out of the housing market due to record-high prices and low supply, yet prime property stock is being marketed directly to offshore buyers who will never live here,' he said. 'That inevitably drives demand upward and puts extra pressure on ordinary families and first-home buyers.' Mr Pavlou claimed a Nord International branch, captured in his video, did not include 'a single piece of English language advertising' in the shop window. Some viewers blasted the Aussie and criticised the location of his video. 'You're literally walking through Chinatown, of course there's going to be Chinese restaurants. It would be like counting every Italian restaurant in Lygon Street or Pho Place in Springvale,' one person said. 'When you visit Chinatown and it's Chinese,' another wrote. Someone else questioned: 'Mate you were literally in Chinatown, what do you expect?' However, Mr Pavlou, who staged a year-long protest at the University of Queensland against Beijing's anti-democracy activities in Hong Kong, hit back at his critics. 'Chinatown is Little Bourke Street, I was on Swanston Street and Elizabeth Street,' he wrote in response to those who criticised him. Both Swanston Street and Elizabeth Street intersect Chinatown's Little Bourke Street. A spokesperson for Elite Real Estate, which is featured in the video, said all of their listings were advertised in English and that their multilingual team worked with clients from all backgrounds. Kristy Zhang, the director and co-founder of Austrump Hosting, a real estate agency that was also featured, said her business served a 'diverse client base'. 'We occasionally use Chinese language materials to assist clients who prefer it, we also regularly produce and distribute all our marketing materials — including flyers and brochures — in English,' she said.
CNA
5 days ago
- Business
- CNA
Intel CEO says he is working with US administration after Trump demands resignation
Intel Chief Executive Lip-Bu Tan on Thursday said the chipmaker is engaging with the U.S. administration to clarify concerns and ensure accurate information is provided after President Donald Trump demanded his immediate resignation earlier in the day. Trump called the CEO "highly conflicted" due to his ties to Chinese firms, raising doubts about plans to turn around the struggling chipmaker.
Bloomberg
31-07-2025
- Business
- Bloomberg
The Secret Rise of China's AI Desert Empire
There are approximately three dozen data centers spread across China's western deserts that may one day have at their heart a cutting-edge processor made by Nvidia—the kind they're not supposed to have. The US government has been trying mightily to keep the California-based chipmaker's most advanced technology out of Beijing's hands. But a Bloomberg investigation has revealed that data center operators in remotest Xinjiang have other ideas. In this Bloomberg Originals mini-documentary, we uncover how Chinese firms aim to thrust their country to the front of the artificial intelligence arms race—and use American technology to do it.
News.com.au
24-07-2025
- Business
- News.com.au
Will markets surge? Tension mounts as EU and China chat
As China and the European Union engage in their 25th high-level summit in Beijing late this week, a delicate dance is unfolding. Fifty years of official ties hang in the balance, with both sides cautiously testing the limits of cooperation. Talks were initially scheduled in Brussels but were quickly truncated, which is an unmistakable signal that the relationship is strained. These aren't academic nuances. The EU has shut Chinese firms out of bidding on public tenders exceeding €5 million, covering some €60 billion annually, on grounds of unfair domestic procurement barriers in China. Beijing hit back by barring EU-made medical devices from Chinese public contracts over RMB 45 million ($6.3 million) and slapped hefty levies on brandy and certain food exports. Amid these titâ€'forâ€'tat moves, including antiâ€'dumping probes, EV tariffs, rareâ€'earth export controls, momentum is shaky. Markets hate uncertainty. They crave a stable roadmap. Tariffs, bans, and retaliatory duties are precisely the variables that feed volatility. If this summit yields a clear ceasefire in trade restrict ions, particularly in medical devices, autos, and rare earths, the payoff could be swift. European and Chinese equities would rally; supply chains that have been rerouted for risk avoidance might realign for efficiency. Investors would interpret that as a signal: despite ideological differences, constructive engagement remains viable. On the other hand, if Beijing and Brussels reaffirm their bargaining stances without tangible easing, equities could crack. China's medicalâ€'device shares, already under pressure, would slump further. Europe's medâ€'tech sector stands to lose momentum despite EU protective measures, which may not insulate them entirely if Chinese market access contracts deeper. Meanwhile, EU auto and rare earth sectors, already in the crosshairs of Chinese retaliation, would be cautious, dragging industrial benchmarks lower. Supply chain confidence Multinationals in automotive, health tech, renewable energy: they've been diversifying production away from China, at significant cost. A summit that acknowledges reciprocity, embedded in the EU's IPI initiative, could slow that flight, preserve European jobs, and reduce capital expenditure on manufacturing shifts. This uptick in industrial activism would flow into equity prices. Financial flows and FDI China is Europe's largest source of foreign capital in certain niches, while the EU is critical for Chinese investment in renewables and high-end manufacturing. Easing restrictions on procurement and curbing anti-dumping probes would unlock previously frozen deals. This alternative capital entry could buoy both EUR assets and Chinese yuanâ€'linked equities. Geopolitical narrative versus economic logic Brussels has grown sceptical of Beijing's stance on Ukraine, dualâ€'use exports, and climate honesty. However, economics can override posturing. If leaders emphasize mutual dependency, rare earths for Europe, medâ€'tech for China, it resets rhetoric. Reset or escalation will be broadcast globally, and markets will respond accordingly. Sentiment ripple effects A recovery in global risk appetite could lift commodities, emerging markets, and cyclical sectors. Renewed trade momentum might even pressure USâ€'China tensions, prompting a broader regional thaw. But should the summit fracture badly, a riskâ€'off wave could sweep markets, collapsing industrial indexes and pushing safe-haven flows into bonds and gold. Both sides signal caution. China's commerce ministry labelled EU procurement curbs 'necessary' but 'regrettable,' and praised its own policy as measured. The EU likewise calls for fairness, not confrontation—but insists on reciprocity. Neither side seems predestined to yield ground. For investors and business leaders, Beijing's summit – even more than the USâ€'China saga –could be the pivot point of 2025. A breakthrough would send equities roaring back; even partial progress would steady markets. It could also give breathing space to firms that have spent months hedging geopolitical risk, encouraging renewed capital deployment. But stall, standâ€'off, or frigid statements on rare earth export curbs or dualâ€'use technology, and we could see equities hit the skids by week's end. Even central bank forecasts might adjust if growth expectations dim. The summit won't be retail theatre. There will be no sweeping announcements or flashy deals. What matters is tone – are leaders calm and collaborative, or tense and distant? Subtle shifts in communiqués, press briefings, joint statements will matter. Analysts are watching carefully: will Procurement Ministers meet China's counterpart? Will stateâ€'owned bids move forward? Will linguistic nuance cool or inflame? The fate of portfolios may hinge on diplomatic rhythm. If Friday's bulletins hint at thaw, markets will rally. If they echo last month's righteousness, markets might roll. On balance, the potential upside seems greater – and more urgent – than the downside. A summit that edges ahead, even modestly, could catalyse auto, medâ€'tech, and commodity sectors into sustained recoveries. But a failure to clear trade barriers would chill overconfidence across global markets. The clock is ticking. By the end of this week, markets will know: did Beijing and Brussels pivot or just posture? The verdict will echo across trading floors, and boardrooms. The summit is not about symbolism, it's about signal, and markets will interpret it fast and unforgivingly. Nigel Green, is the group CEO and founder of deVere Group, an independent global financial consultancy. The views, information, or opinions expressed in the interviews in this article are solely those of the author and do not represent the views of Stockhead.
Yahoo
08-07-2025
- Business
- Yahoo
Is HK's IPO Momentum Sustainable?
Hong Kong has seen its IPO market booming this year as Chinese firms seek fresh capital and geopolitical tensions lure investors away from the US. The head of global issuer services at the city's bourse operator HKEx, Johnson Chui, and JPMorgan's head of HK IPO and corporate finance group Nelly Pai share what they're seeing in the listing pipeline for the rest of the year. They speak with Yvonne Man and Annabelle Droulers on "Bloomberg: The China Show." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
