Welcome to the July issue of Growing With China. World growth prospects are dimming as the continuing deleveraging process in Europe and the United States pushes growth lower and increases pressure on governments to rein in fiscal deficits and debts while central banks are almost out of policy ammunition. We discuss this issue in depth in the July 19 edition of the BNZ Weekly Overview.
Monthly data suggest that the slowdown in Chinese growth has stabilised but worsening prospects in Western economies mean downside risks to export receipts and foreign direct investment inflows remain. Some stimulatory measures have been taken and more are likely as the country heads into only its fourth leadership change since 1949.
In this month’s edition of Growing With China we have a greater than usual number of contributions from parties associated with China and trade with China. These include
• Ivan Kinsella, Director Investment for Greater China with his thoughts on Chinese FDI,
• Lo Thong of Asean NZ Investment and some observations made following many years working in China as a business consultant.
• Nic Cooper of Silk Road Lodges delivers insight gained whilst developing an upmarket tourist lodge in Xinjiang Province.
• We report a summary of a lecture on China’s SOEs delivered in Wellington last month by Professor John Lee of the Centre for International Studies at Sydney University.
• Occam describe their China Business Training courses sponsored by NZTE and aimed at those contemplating trade with China.
• syENGAGE Principal Simon Young gives details on the nature of social media in China and a route for Kiwi businesses to take advantage of it.
• Navigate describe their Chinese language translation offering to New Zealand businesses.
We also take a look at developments in China’s manufacturing sector, discuss the latest data out of China, examine basic data on the trade relationship between China and New Zealand, and list events relevant to that relationship coming up in the next few months.
GWC is directly distributed by email to over 1,500 email subscribers each month and is posted at www.tonyalexander.co.nz/china/ If you have some insight regarding your interaction with China which you feel NZ Inc. could usefully use please send me an email outlining your thoughts. Tony.firstname.lastname@example.orgDownload document