November 2016 News Roundup

November 28 2016

Singles' Day Sales Scorecard: A Day In China Now Bigger Than A Year In Brazil
Synopsis: China Alibaba Group just wrapped up its annual November 11 Global Shopping Festival (Singles’ Day sale). What was already the world’s largest 24-hour online sale became even bigger. This year, Singles’ Day rang up an eye-popping $17.8 billion in sales, up from $14.3 billion last year.
Source: Forbes, Nov 15, 2016
 
China names Australia as key partner in push for new trade bloc
Synopsis: China has singled out Australia as a key partner in a renewed push for a regional free trade pact at a meeting of Asia-Pacific leaders this week. The move comes as China looks to fill the gap left by the United States after the surprise election of Donald Trump, who campaigned against global trade deals and last week killed off hopes the TPP will be ratified.
Source: Financial Review, Nov 14, 2016

China is now Australia's biggest wine exports market
Synopsis: The massive growth in China’s middle class has been a godsend for the Australian wine industry, with exports jumping 51% in the last year to $474 million, making it the top export market by value for the first time.
Source: Business Insider Australia, Oct 20, 2016

Australia to get single food labelling brand to seize China growth
Synopsis: The proposed high-tech, high-visibility labelling would be designed to be counterfeit-proof and to allow China's increasingly safety and quality-conscious consumers – in a country where the middle class is projected to grow by 350 million people over the next four years – to trace the origins of individual products back to a specific animal or producer.
Source: The Sydney Morning Herold, October 26 2016
 
Chinese investors back NSW cherry growers' export hopes
Synopsis: The dream of getting mainland cherries on planes to China is getting closer to reality with Chinese investors on board to help ease export restrictions.
Source: ABC, 1 Nov 2016
 
What Food Exporters to China Commonly Overlook
Synopsis: The dream of getting mainland cherries on planes to China is getting closer to reality with Chinese investors on board to help ease export restrictions.
Source: China Skinny, 26 Oct 2016