China

Australia can repair its relationship with China, here are 3 ways to start…

Melissa Conley Tyler, University of Melbourne China has certainly got Australia’s attention with a highly inflammatory tweet from a government spokesperson. It has provoked the desired reaction — a storm of outrage. This is the latest in an ever-growing list of problems between Australia and China. In recent days, China imposed new tariffs on wine, while Australia threatened legal action …

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United States decline reinforces the importance of the Chinese trade relationship

New Zealand’s relationship with China will continue to be one of the most important and far-reaching while Covid-19 accelerates the relative decline of United States as the world’s economic engine, said a leading bank executive. Antonia Watson, chief executive of ANZ Bank New Zealand, told delegates at the 2020 China Business Summit in Auckland that “we are thankful China’s economy …

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E-commerce takes on new meaning for New Zealand businesses in Chinese market

The sixth annual China Business Summit 2020, organised by NZ INC. and Auckland Business Chamber, attracted record attendance and plenty of high spirits in the Cordis Hotel’s ballroom. Maybe, it was because the summit was the first major conference since the Covid-19 lockdown and the business leaders were excited to get out and network. But more importantly the 320 business …

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Madame Hu Shuli at the 2020 China Business Summit: China may be ready to join the Trans-Pacific Partnership

A leading Chinese commentator has suggested the time is right for China, the world’s second largest economy, to join the Trans-Pacific free trade agreement along with New Zealand and 10 other countries. Isolation is not the solution and China should be open towards high-standard trade pacts such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Caixin Media founder …

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Sun, sand and uncertainty: the promise and peril of a Pacific tourism bubble

Regina Scheyvens, Massey University and Apisalome Movono, Massey University Pacific nations have largely avoided the worst health effects of COVID-19, but its economic impact has been devastating. With the tourism tap turned off, unemployment has soared while GDP has plummeted. In recent weeks, Fiji Airways laid off 775 employees and souvenir business Jack’s of Fiji laid off 500. In Vanuatu …

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China moves on Hong Kong

China and Hong Kong will this week reach a major turning point, with the expected signing of the new National Security Law in Beijing. The law is designed to quell the continuing pro-democracy protests in Hong Kong, but marks a departure from the “One Country, Two Systems” arrangement Hong Kong has worked under since 1997, which includes a high degree of …

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The world needs pharmaceuticals from China and India to beat coronavirus

Rory Horner, University of Manchester The biggest pharmaceutical companies in the world, known as “big pharma”, are American and European. The top five are Pfizer (US), Roche, Novartis (both Swiss), Merck (US) and GlaxoSmithKline (UK). Yet these companies – and the pharmaceutical industry as a whole – rely on global supply chains. And China and India play key roles in …

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Trans-Tasman bubble opportunity for Australia & NZ to reduce China dependence

Hongzhi Gao, Te Herenga Waka — Victoria University of Wellington and Monica Ren, Macquarie University When it comes to our economic over-reliance on China, New Zealand consumers need look no further than their most popular big box chain, The Warehouse. The familiar “big red shed” sourced about 60% of its home brand stock from China in 2017 – and a …

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