Crown employees sentenced to jail but Aussies free in months
Crown staff have been handed shorter than expected jail terms.
Kirsty Needham is China Correspondent for The Sydney Morning Herald and The Age
Crown staff have been handed shorter than expected jail terms.
Crown staff including executive Jason O'Connor are expected to plead guilty when their court case is heard today in Baoshan District Court, outside Shanghai.
Billion-dollar hotel developments in Sydney and Queensland, a shareholding in Virgin Australia, and the Australia's biggest cinema chain will come under the scrutiny of Chinese regulators trying to rein in a US$215 billion ($284 billion) overseas buying spree by Chinese companies.
Australia is the third most popular destination for ultra-rich Chinese to invest wealth offshore, a new report shows.
Crown will be hoping the cases of South Korean casino marketers convicted in China serve as a guide to what comes next.
Once one of China's most powerful steel executive will serve 15 years in prison after corruption and bribery conviction.
James Packer's former business partner, billionaire Lawrence Ho, reportedly said in an interview that Crown and other gaming companies had upset the Chinese government by engaging staff in China despite a ban on the marketing of gambling.
The Chinese government has criticised international ratings agency Moody's, saying its first ratings downgrade in 30 years was based on "inappropriate methods" of pro cyclical rating.
The Aussie brands conquering the wallets of Chinese millennials.
BeijingAccess for white-collar services businesses will be the focus as talks begin over a free trade agreement between Australia and Hong Kong on Tuesday.
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