The Chinese dairy company Mengniu which earlier agreed to pay $1.5 billion to purchase organic baby formula maker Bellamy’s Australia has gone a step further in taking over the Lion Dairy and Drinks portfolio.
Bellamy's is the fourth-largest baby formula producer in Australia. The Treasurer has approved the sale with conditions, including investment in Australian facilities
China's restrictions on Australian coal are expected to remain in place into next year as Beijing seeks to moderate a spike in foreign imports of the commodity to protect domestic supply.
Victorian Premier Daniel Andrews has signed a new agreement to work with China as part of its controversial belt and road initiative.
China is Australia’s largest trading partner and a paper released this week highlighted the scary scenario that we could face if its economy nosedived.
Multiple sources have also confirmed that prior to the arrests, Crown told its Chinese staff to falsely claim to Chinese authorities they were not working for Crown in China but were working in other locations.
Crown Resorts paid a brothel owner and alleged money launderer to lure high rollers to its Australian casinos and then provided them with money...
"That was an interesting moment in time," she said. "My honest view was you have to persevere and stay there and keep investing in the challenging times as well as the good times."
Lynas said it would develop the heavy metals separation facility in the United States with Texas-based Blue Line Corp.
Mr Murray said the reduction in the volume of Chinese imports would also cause a very substantial drop in the price and hit Australia hard.