Data releases for the past month started on the weak side in China with the HSBC manufacturing Purchasing Managers Index falling to a preliminary reading of 50.4 in February from 52.3 in January. Then retail sales for February came in only 12.3% up on a year ago, and industrial production just 9.9%. Domestically the signs of growth has eased off slightly though interpreting data at this time of the year is difficult. Exports however appear strong and full-year growth above 8% seems well in prospect.
There is new leadership in place in China and so far the policy announcements appear firmly directed toward addressing the concerns highlighted here last month in surveys of citizens’ concerns. They include corruption, pollution, and the unequal distribution of income.
This month we look at how NZ tourism is viewed from a Chinese perspective, contract law in China, activities of National Australia bank on the mainland, and the magnitude of Chinese house buying in Auckland.
As Kiwis we have an poor understanding of foreign consumer tastes due to the Kiwi-centric way we look at the world, and the smugness we feel about our Godzone paradise. During the past month a Chinese gentleman living in Canterbury sent in some detailed observations regarding tourism, wine, meetings, and retailing.
There is widespread acknowledgement of the amazing economic growth, development, and alleviation of poverty in China, but also concerns about what sort of role China will play as it takes its natural place at the global political, military, and economic tables. This paper, entitled “Sources of Western Apprehension About China”, contains 55 factors which lie […]
In this issue we start by looking at some of the recent data on corruption in China, innovation, and surveys of the main things people are worried about. We then have the thoughts of NZTE Regional Director for China Rod McKenzie regarding the NZ-China business relationship.
Last Sunday the Australian government released the long-awaited white paper ‘Australia In The Asian Century” The paper examines the way in which fairly soon Australia will be on the doorstep of what for the rest of the life of this planet will be the economic centre – Asia. In particular it looks at how by 2025 there will be over 2.5 billion middle income earners in Asia and meeting their consumption needs will drive hefty demand for quality food, tourism experiences, investment outlets, and of course minerals.