China

Chinese women dominate latest Hurun Report, half of the 22 self-made female entrepreneurs worth over US$1 billion are from China. The number of women making the cut this year fell from 28 in 2011 to 22. Of the top ten women on the list, seven are from China. The average wealth is 13.7 billion yuan, a decrease of 6.8 percent compared …

China Business Summit 2012 China offers huge opportunities for New Zealand businesses, but too few are taking the plunge and entering the market, says Auckland Chamber of Commerce chief executive Michael Barnett. The Auckland Chamber of Commerce, in partnership with NZ INC Ltd, held the inaugural China Business Summit in Auckland on October 3 –  aimed to galvanise businesses into …

Chinese whiteware maker Haier has pushed its bid Fisher & Paykel Appliances to $1.28 a share, the bottom end of the independent valuation range, gaining crucial support from institutional investors to meet its 50 percent minimum acceptance threshold. Haier raised its bid 8 cents a share, bringing it within the independent valuation of between $1.28 and $1.57, it said in …

The Supreme Court has rejected a bid by two North Island iwis to overturn Shanghai Pengxin’s successful bid for the Crafar farms. The court’s decision to reject the iwi’s appeal against the recent Court of Appeal’s judgment upholding Shanghai Pengxin as having the requisite business acumen and experience to run the dairy farm business is good news for all other …

New Zealand and China Customs have agreed to work more closely together to combat the smuggling of pharmaceutical products used to manufacture methamphetamine (‘P’). The agreement is the result of talks between Chinese officials and Customs Minister Maurice Williamson during a two-day visit by China Customs. The two customs administrations are also committed to continuing work to advance further growth …

The United States attack on Chinese telecommunications company Huawei shapes up like a declaration of economic warfare complete with buckets of political rhetoric and China bashing. Cynics might think a presidential election is looming. In just one month, the US has taken China to the World Trade Organisation claiming the Chinese subsidise their car industry and has blocked a Chinese …

1st New Zealand- China Business Summit October 2012. Opening Address: New Zealand Prime Minister John Key opens the inaugural China Business Summit in Auckland and sets out his Government’s strategy.

Mainfreight managing director Don Braid discussed his vision for an expanded presence in China, the possibility of future acquisitions within Asia and the realities New Zealand companies face when doing business in China. The full article and video are available from the NZ Herald here.

At Wednesday’s China Business Summit in Auckland, the sale of the Crafar Farms was a hot topic among speakers and attendees. David Mahon, managing director of Mahon Investments and a keynote speaker, spoke of the importance of Chinese investment and the reception the Crafar Farms issue received in China. The full article is available from the NZ Herald here.

Fran O'Sullivan sits down with Shanghai Pengxin Chief Executive, Jian Lei as he speaks about the ongoing Crafar Farms saga as well as his company's future investment plans in New Zealand. More to come