Investment welcome mat rolled out for Chinese Deputy Premier
The visiting Chinese Deputy Premier, Hui Liangyu, got concrete proof that Chinese investment in New Zealand is welcomed, with the signing of a memorandum of understanding at the Prime Minister's official residence in Wellington today. The MOU is between the local arm of the global accounting firm PricewaterhouseCoopers,...
China eyes investment in rail loop
A state-owned Chinese bank is eyeing Auckland's $2.4 billion inner-city rail loop and second harbour crossing as it seeks to invest in New Zealand. Yesterday, the Chinese Development Bank signed a memorandum of understanding in Wellington with the local arm of the accounting firm PricewaterhouseCoopers to invest in...
Chinese bank to help with Christchurch rebuild
A tie-up between PwC and China’s largest development bank is being formalised this morning to help rebuild Christchurch. The memorandum of understanding has just been signed between PwC and China Development Bank in Wellington (CDB). That means the two organisations will cooperate on major development projects,...
China the key to economic future
Hui Liangyu is not a household name in New Zealand. Hui is the second-highest ranked of China's Vice-Premiers, a member of the State Council and also a Politiburo member. The Hoover Institute recently predicted Hui would step down when the 18th Congress of the Chinese Communist Party selects its new Politiburo next...
Chinese entrepreneurs less confident about business prospects
China's entrepreneurs appear to be less confident about their current business prospects, according to a quarterly survey by the People's Bank of China (PBOC), the country's central bank. The Entrepreneur Confidence Index, a gauge of the views and opinions of the country's entrepreneurs, dropped 5.6 percentage points to...
Fletcher Building to double Formica’s capacity in China
Ongoing construction growth in China has prompted Fletcher Building’s Formica unit to build a new laminates plant in the Jiangxi Province. The planned facility in Jiujiang (pop: 4.8 million) will double Formica’s capacity in China and allow for additional market growth, Fletcher said in a statement. For...
Concerns Grow over China’s Presence in Europe
Both Chinese and European newspapers have been reacting strongly to a land purchase plan in Iceland announced recently by Chinese industrialist Huang Nubo, but in different ways. While Chinese newspapers put up proud headlines highlighting the potential deal that would take up a staggering 0.3 percent of Iceland, European...
Visa fee increase will hit tourism, Chinese travel agents say
Red tape is making it more expensive for visitors from China to see New Zealand. Immigration New Zealand says visas will cost more because the fees of a third-party collection agent have been increased. For the full story, click here
Chinese tourists sinking more into NZ economy
Chinese tourists are on track to spend more money than visitors from the UK and the United States by the middle of next year. For the full story, click here
Chinese Zespri kiwifruit agent in custody
Zespri International's kiwifruit sales to the key market of China are continuing despite one of its independent importing agents being arrested in a multimillion-dollar smuggling operation. For the full story, click here
Growth of trade deals in renminbi as China eases restrictions
One year after the People’s Bank of China significantly eased restrictions to enable businesses to settle cross-border trade in renminbi (RMB), small signs of uptake are starting to emerge. For the full story, click here
Right attitude key to succeeding in China
The key factors behind Gallagher Security’s success in China are applicable to any other business looking to enter that market. This was the message from Curtis Edgecombe, the company’s general manager – security, who outlined his company’s approach to doing business in China at a recent New Zealand...
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