After the examination of Aluminum Corp of China’s (Chinalco’s) investment in Rio Tinto, the Australia government has decided to extend another similar examination of two more Chinese firms’ investment in the country’s miners.

According to what OZ Minerals said on Monday, the country’s Foreign Investment Review Board would extend its review of the takeover of OZ Minerals by China’s Minmetals from March 24 and the examination would last for 90 days. Read more…

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Australia, China, economy, examination, firm, government, investment

Metal trader China Minmetals Corp is planning to buy Australian mining firm OZ Minerals Ltd for A$2.6 billion ($1.7 billion) in cash so as to ensure adequate supplies of non-ferrous metals.

The deal, which is intended to be completed in June, is, however, waiting for approval by Oz Minerals’ shareholders and respective governments. The company’s shareholders would hold meetings in May to decide whether the deal would go Read more…

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Australia, China, deal, economy, market, metal, trader

According to the Australian government last month, a plan that place a mandatory filter on the Web to shield children in particular from accessing illegal and inappropriate material will begin this month.

Actually the plan of a filter system which aims to filter harmful information from the Internet met the opposition of Internet user groups, the pornography industry and others. Because they thought some legitimate websites would be blocked Read more…

Popularity: 4% [?]

Australia, China, economy, government, information, internet, material

Since Australia has pledged to reduce its greenhouse emissions by 5% to 15% by 2020, it unveiled the world’s broadest carbon trading scheme several days ago, turning out business calls for a delay due to the global slowdown.

While Australia is now second only to the European Union in its drive to cut emissions by establishing a cap-and-trade system that puts a price on carbon output, it was said that the target is far from powerfulness and blasted the trading plan that will give free credits to some of the economy’s most carbon-intensive industries.

According to Prime Minister Kevin Rudd, it is essential to implement carbon scheme in Australia, which has the fourth-highest per-capita greenhouse gas Read more…

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Australia, Canberra, carbon, China, economy, plan

China’s largest steelmaker Baosteel Group, which has signed a 10-year iron ore contract with Fortescue last year, may buy a stake in Australian iron ore miner Fortescue Metals Group Ltd to ensure stable raw materials supply.

“Baosteel will seek a stake in Fortescue when both sides reach an accord on a number of things, including common goals, development strategy and market positioning,” said Xu Lejiang, chairman of Baosteel Group, yesterday at Baosteel’s Majishan Port in Zhejiang province, where he received the first shipment of 170,000 tons of iron ore from Fortescue.

Having already signed contracts with 33 large and medium-sized Chinese steel manufactures for at least 10 years, the third largest iron ore supplier in Australia said it welcome direct investment by major Chinese companies. Furthermore, with most of its iron ore to be sold in China, Fortescue expects to increase annual production capacity to 100 million tons in 2010.

“The Chinese industrial champion takes Fortescue very seriously, and we will encourage its participation in the future of Fortescue,” Andrew Forrest, founder of Fortescue, was quoted by Reuters as saying yesterday.

Liu Yanqi, an analyst at Haitong Securities, said, “The possible alliance is expected to strengthen Baosteel’s power in iron ore price negotiations with Australian miners, such as Rio Tinto and BHP Billiton.”

Popularity: 2% [?]

Australia, Baosteel, China, Fortescue, investment, iron ore

As Macao’s economy is witnessing a rapid development, many Australians saw “significant opportunities” in the Special Administrative Region (SAR), said Les Luck, Australian Consul-General Hong Kong and Macao, when delivering a speech at an Australian reception in the island city on May 22nd.

The Consul-General said he was impressed by the level of Australians’ engagement in Macao’s economy, working in fields ranging from the hospitality, gaming, construction, infrastructure, transportation and food and beverage sectors.

James Packer, Australia’s richest man, has set up a joint venture, Melco PBL Entertainment, with Lawrence Ho, son of Macao gaming magnate Stanley Ho, and has built the Crown Macao, a six-star casino resort. And a larger integrated casino resort project initiated by Melco PBL is under construction in the city at present.

In addition, statistics released by the Consulate-General show that between 2006 and 2007, Australia’s merchandise trade with the SAR was worth 632.2 million patacas ($79 million), and Australian’s direct exports to the SAR amounted to 565.1 million patacas ($70.6 million) while imports from Macao’s to 67.1 million patacas ($8.4 million).

“We estimate more than 2,000 Australians live in Macao and expect that number will continue to increase,” said Luck.

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Australia, China, Macao, trade

Nanjing,China,May 23,2008–Considering the increasing number of demands from our clients in Australia, we opened a direct dial hotline to facilitate the call process. By dialing +61 3 9018 7855, potential clients can call us for a free trial of the services we provide.

Our company, BPOVIA Ltd based in China, is one of the top six outsourcing companies in the world. Headquartered in Nanjing, we are a pioneering virtual assistant and BPO service provider in the country.

By selecting our virtual assistant services, clients can have their virtual assistants carry out all the non-core business activities. Therefore they are in a position to offload complicated and repetitive components of their business processes, greatly cut down expenses in office renting, staff welfare and labor cost and increase the efficiency and flexibility of their businesses.

Regarding small and medium sized enterprises as our target clients, we provide our clients with seamless one-stop solutions. Currently, more than 90% of our clients come from the US, followed by the UK, Canada and Australia. Among them, Australia in particular, stands to benefit greatly from hiring virtual assistants in China.

In addition to such benefits as cutting down expenses and improving efficiency and flexibility of their businesses, clients in Australia enjoy the advantage of having their virtual assistants in China work in lock-step with themselves. As there is only two hours difference in time between the two countries, with our virtual assistants working almost at the same time, clients in Australia are able to remarkably improve their work efficiency to gain more competitive edge for their companies.

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Australia, BPOVIA, China, Outsourcing, Virtual Assistant

Data recently released by Australian Bureau of Statistics shows that China has become Australia’s largest two-way trading partner (imports and exports of both goods and services) in 2007.

Total trade with China in 2007 grew 15% to 58 billion dollars (54.8 billion US dollars). Australia’s exports of goods to China rose 17% to 23.8 billion dollars, while services exports grew 18% to 3.9 billion dollars, given the strong growth in Chinese student enrolments.

Simon Crean, Australian Minister for Trade, said that the trade figures are a milestone in the development of Australia’s trading relationship with China.

“These figures show there is much potential for our trade to grow even further, which is why we are working hard to negotiate a free trade agreement with China,” Crean said in a statement. “We have made good progress in negotiating that agreement over the past month, and I look forward to further progress at our next talks in June.”

As is demonstrated by the trading figures, China has come into closer contact with other countries and regions in the world. For all business people looking for channels to get into the Chinese market, BPOVIA Ltd based in China can always be the source. Here clients can expect not only professional consultation services but also excellent virtual assistant services.

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Australia, BPOVIA, China, FTA, trade, Virtual Assistant