Chinese food giant Bright Dairy & Food will give up its controlling stake when local dairy processor Synlait Milk is listing on the stock exchange, retaining its stake without participating in the share sale.… Full Story →
Synlait Milk, the dairy company controlled by China’s Bright Dairy & Food, is considering an initial public offering in New Zealand three years after abandoning such a capital raising because of lack of investor demand.… Full Story →
Huawei Technologies founder and chief executive Ren Zhengfei has assured Communications Minister Amy Adams that the world’s second-biggest maker of networking gear poses no threat to cyber-security.… Full Story →
Synlait Milk, which operates the largest purpose built infant formula plant in the southern hemisphere, will spend $15 million to enable its factory to produce more soluble powder for China’s expanding US$15 billion market.… Full Story →
The world’s largest utility operation – State Grid Corporation of China – is reportedly eyeing a 42 per cent stake in NZ”s second-largest electricity and gas distribution company Powerco.… Full Story →
Exclusive Dame Jenny Shipley will stand down as a director of one of China’s most powerful banks at the forth-coming AGM – one of three independent non-executive directors who are retiring by rotation from the board at the shareholders’ annual meeting.… Full Story →
Cofco chairman Frank Ning was one of the star performers at the inaugural New Zealand China Partnership Forum in Beijing last Friday.… Full Story →
Telecom Corp, the country’s biggest telecommunications company, has dumped the architect of its mobile network Alcatel-Lucent in favour of Chinese heavyweight Huawei to build its 4G infrastructure.… Full Story →
New Zealand posted a biggest-than-expected trade surplus last month on shipments of whole milk powder, logs and sheep meat to China.… Full Story →
- Australian, NZ dollars slip as weaker China PMI stokes global growth doubts
The Australian and New Zealand dollars fell after a measure of manufacturing in China grew at a slower-than-expected pace this month, stoking concerns that the world’s second-biggest economy is stumbling and global expansion is more muted.
- PSA kiwifuit bacteria reached NZ through China – expert
New Zealand First warns that Government cuts to biosecurity will lead to another disaster to match the Psa kiwifruit bacteria outbreak which has been identified as reaching the country in a consignment of anthers from Shaanxi Province in China to Kiwi Pollen in June 2009.
- China Northern trumped Hillside in filling KiwiRail orders, Auditor-General says
China Northern Locomotive and Rolling Stock Industry Corp easily outbid KiwiRail’s Hillside workshops in tenders to supply new rolling stock, the Auditor-General says in ruling out an investigation of the contracts.
- NZ dollar may extend drop vs. Australian dollar as iron ore prices gain, China recovers
he New Zealand dollar may extend its decline against its trans-Tasman counterpart as Australia’s currency rallies on rising commodity prices and the prospect of a stronger Chinese economy.
- Chinese edge out Brits as NZ’s second-biggest visitor pool in November
A 38 percent jump in the annual number of Chinese touching down in New Zealand has seen the world’s most populous nation topple the UK as NZ’s second-biggest pool for visitors, though still well behind Australia.