Reconnecting with a changing China
New Zealand businesses have set a goal to reconnect with China after the lengthy disruptions due to the Covid pandemic. Renewing and sustaining our trading and business links with our largest trading partner is important, but, so too, recognising and adapting to fast-moving changes in the Chinese commercial environment – including with consumer behaviour and within the retail environment.
On Monday, July 17, 2023 – NZ INC. and the Auckland Business Chamber presented the China Business Summit – “Reconnecting with a changing China”.
The summit gave a unique business and political perspective on the landscape for New Zealand businesses in China and put forward strategies for navigating through a changed commercial environment against a background of sustained geo-political sensitivities. It is notable that New Zealand’s trade with China and Chinese investment bolstered the New Zealand economy through two periods of major disruption: the GFC and the Covid pandemic. China continues to present a significant opportunity for our key sectors; New Zealand exports to China have grown by 18 per cent in the last two years with the prospect for further growth in many of our key sectors.
- Prime Minister Hipkins, Trade and Export Growth Minister Damien O’Connor, Ambassador Wang Xiaolong and a strong array of insightful speakers headlined the conference.
- Among international speakers were Raymond Yeung, Chief Economist Greater China for ANZ, who shared his perspective on the resurgent Chinese economy, and Andrew Tan, former managing director of Temasek International, who gave his perspective on the changing realities for doing business with China.
- The Summit heard from leading NZ-based CEOs on their China strategies against a more complex environment where China is also developing its own champions.
- We will also hear from New Zealand business leaders “on the ground” in China on how they are navigating through a complex environment with marked changes in consumer behaviour and in the retail environment in the wake of lockdowns with supply chains also subject to changes.
- The integration of digital innovation and AI in the China business environment will be explored, providing valuable insights for New Zealand businesses seeking to navigate this emerging landscape.