So the final chapter of that book charting Australia's boozy history might end with a chapter on the globalisation of the economy, and a row of schooners producing profits that would flow offshore.

BBC: The amber nectar

Mr. Chan predicted that the next phase of offshore yuan trade would involve "more balanced flow between the mainland and Hong Kong, " with Chinese currency moving in both directions as more Chinese exporters ask to accept yuan in payment for their goods from overseas buyers.

WSJ: The View From Hong Kong: Walking a Fine Line on Yuan Trade

Offshore oil production could help refill the pipeline just when the flow from the North Slope is projected to reach critical lows.

WSJ: Drilling Rules Hit Alaska Pipeline