New Zealand stands to gain from Australia’s loss in China
Li Xuanmin and Qi Xijia Published: May 12, 2021 08:53 PM
A man walks along a wharf in Wellington, capital of New Zealand, on September 22, 2020. Photo: Xinhua
New Zealand has been charting a very positive and clear path in relation to China, in stark contrast to Australia s hostile actions, which could result in major gains for New Zealand products and services in the Chinese market as Australia stands to lose, according to Chinese and New Zealand trade representatives.
The lift in New Zealand s exports, with their quality in some cases outperforming that of goods from Australia, would gradually erode the shares of products from Australia - a very similar economy - in the Chinese market. Specifically, New Zealand is likely to see increasing demand from Chinese consumers in such sectors as health, dairy, meat and horticulture in the near term amid warming ties.
2021-05-11 10:35:19 GMT2021-05-11 18:35:19(Beijing Time) Xinhua English
AUCKLAND, New Zealand, May 11 (Xinhua) The New Zealand China Trade Association (NZCTA) on Tuesday welcomed the signing of the New Zealand-China free trade agreement (FTA) upgrade.
Delivering his keynote speech at a forum on the New Zealand-China FTA upgrade and the Guangdong-Hong Kong-Macao Greater Bay Area development opportunity in Auckland, Martin Thomson, chair of the NZCTA, said The recent signing of the FTA upgrade has been welcomed by businesses in both countries. It is a strong signal of the commitment by both governments to grow the economic relationship between the two countries, build on the success of the original FTA, which led to China becoming New Zealand s largest trading partner.
2021-05-11 15:06:02 GMT2021-05-11 23:06:02(Beijing Time) Xinhua English
AUCKLAND, New Zealand, May 11 (Xinhua) The upgrading of China-New Zealand free trade agreement (FTA) and the development of the Guangdong-Hong Kong-Macao Greater Bay Area will bring greater opportunities for economic cooperation between China and New Zealand, participants at a business forum held here said Tuesday.
The forum focusing on the FTA upgrade and the Guangdong-Hong Kong-Macao Greater Bay Area (the Greater Bay Area) development opportunity, held in Auckland, was attended by New Zealand business leaders, industrial representatives, trade organisations, diplomats and media reporters.
China and New Zealand signed a protocol on upgrading their 12-year-old free trade agreement in January this year.
2021-05-11 15:36:10 GMT2021-05-11 23:36:10(Beijing Time) Xinhua English
LONDON, May 11 (Xinhua) Chinese brands have showcased incredible resilience to the challenges presented by the COVID-19 pandemic, the London-based brand valuation consultancy Brand Finance said Tuesday in a report.
In the Brand Finance China 500 2021 Ranking report, Brand Finance said the total value of Brand Finance China 500 ranking remains stable year on year despite the pandemic, standing at 1.94 trillion U.S. dollars in 2021.
Brands at the forefront of the nation s successful response to the health emergency and those powering the transition of consumption online across the pharma, retail, and media sectors have performed particularly well and recorded the highest brand value increases, said the report.