China Has Youngest Affluent Population in Asia says HSBC
Affluent Chinese are the youngest of Asia’s affluent population with an average age of 36, followed by Indonesians at 38 and Indians at 39, according to the latest HSBC Affluent Asian Tracker. On average, affluent Asians hold average liquid assets of over US$190,000 led by Hong Kong with US$315,116,...
What Makes a City Tier in China?
We often hear of China’s first or second or third tier cities, yet what actually makes a city tier? The terms are so often used, yet there is actually no official formula for determining what tier a city falls in. Instead, everyone makes up their own rules. There are a few common views on which Chinese cities...
David Mahon on Losing China
In a recent publication from Mahon China, David Mahon explains why New Zealand is losing China and what we can do to rectify the situation. “New Zealand is losing China. The reluctance of New Zealand companies to seek opportunities in China, and the fragmented character of the New Zealand...
The Competitiveness of China's Labour Costs
Low labour costs have been a crucial element of China's low cost country sourcing advantage. Yet in the course of this year a series of strikes and labour shortages in China have to some observers heralded the end of the era of 'cheap' China. Salary increases have supposedly become common in China's manufacturing sector -...
Can China’s Consumers Spend Another US$790 Billion ...
US$1.58 trillion. That’s actually the magic figure. The sum represents the total number of exports that China sent overseas last year. Amidst calls for China to rebalance its economy and shift its reliance on exports towards a more balanced, consumer driven economy, the Chinese government has been taking significant...
Strategy more than commerce: China-New Zealand FTA
by Prof. Gary Hawke. For domestic consumption, the New Zealand government frequently trumpets the success of the China-New Zealand FTA in terms of short-run economic gain. So Foreign Minister McCully told the Foreign Policy School in Dunedin on 25 June 2010, ‘During the darkest economic days of the global downturn,...
Is China Growing Too Big?
by Chris Devonshire-Ellis. For many years now, as I’ve traveled China on business, I’ve been skeptical of the GDP growth figures. From Shenzhen to Changchun and from Wuhan to Kashgar, via Chongqing, buildings have been going up, rather like mushrooms after a rain storm, as signs of the new prosperity and...
Australia-China: Down under on the up
While Australia has always shared significant ties with China in terms of trade and culture, this strategic relationship has become more important than ever before. Elaine Wu from Shanghai Business Review contemplates this ever evolving and ever relevant (to New Zealand) relationship. CHINA’S RELATIONSHIP WITH...
NZCTA: NZCTA Now!
With apologies for plagiarising our other title but we thought it timely to bring members upto date with our activites and plans for the future. China moves forward remorselessly, about to become the World’s second biggest consumer market, leading (with some comfort) GDP growth amongst the nations of power,...
MARKETING: Click to Add to Cart
China’s online retailing is growing rapidly despite the global slowdown, with overseas firms making a beeline for the sector, eager to tap into its vast potential. Although many countries were severely hit by an earlier global recession, China’s online retailing market appeared unaffected and even experienced...
NZCTA enters into partnership with Export New Zealand
Media release 7 April 2010 Export New Zealand welcomes new Asian partners Export New Zealand (a division of Business NZ) is optimising the growing opportunities in the Asian market today by entering partnerships with the New Zealand China Trade Association (NZCTA) and ASEAN New Zealand Combined Business Council...
SECTOR: Second growth - China's wine industry
Chinese wine drinking has grown rapidly in recent years. Now local consumers are upgrading to better quality, imported wines. Hayleigh Davies of the Shanghai Business review explores this trend. Ernest Hemingway once said “Wine is the most civilised thing in the world.” If this is the case, China is...