NZ chasing French in China's wine boom
Soaring sales of imported wines in China may not be so promising for New Zealand wineries, says a big rural bank. "In terms of New Zealand wine producers, the future promise of China is somewhat tempered by the bias towards red wine consumption and a lower level of consumer recognition of New Zealand wine at this...
English to visit China
Deputy Prime Minister and Finance Minister Bill English leaves for China on Wednesday, where he will attend the annual Bo’ao Forum for Asia and meet senior government and business leaders in Beijing and Shanghai. The Bo’oa Forum, to be hosted by Chinese President Hu Jintao on the southern Chinese island of...
Fran O'Sullivan: Time for China boot camp
Nine months ago I wrote that "New Zealand may find itself economic toast" if it doesn't get a comprehensive China strategy together - and fast. After a decade traipsing after various New Zealand political leaders in China, their constant refrain that the larger "developing nation" would be grateful for...
TV series may pop the cork on huge market
A Chinese television series on New World wines featuring three episodes in New Zealand will reach a potential audience of 600 million viewers. The 10-episode series, a Chinese, Australian and New Zealand venture, was filming in Marlborough this week. For the full story, click here
China schooled on NZ tipple
A woman who is set to become China's first Master of Wine is helping Kiwi winegrowers introduce their product to the huge market. Of English and Chinese heritage, Fongyee Walker's initial field of interest was classical Chinese literature. For the full story, click here
F&P Appliances in supply deal with Haier
Fisher & Paykel Appliances Holdings, the struggling whiteware manufacturer, has signed an agreement to supply parts to cornerstone shareholder Haier of China. F&P Appliances will earn between $20 million and $35 million a year by selling components and technology, mainly motors, to 20% shareholder Haier for at...
Hu's counting II
In my previous post, I scrutinised President Hu Jintao's claim that Chinese imports had saved American consumers $600 billion over the past decade. My back-of-the-envelope calculations suggested that his figure was, if anything, an understatement. At the same luncheon, China's president also talked about trade in the opposite...
Yuan trade barriers coming down
Zhou Xiaochuan, China's central bank governor, pledged to remove domestic policy barriers to promote the yuan's use in cross-border trade settlements and outward investments by Chinese enterprises. However, Zhou said the government does not have any predetermined goal for the currency's international position. For...
China to double imports by 2015 to balance trade
Ten years ago when China laboriously won membership of the World Trade Organization (WTO), many were doubtful. Who would be the biggest losers, they asked, China, or the rest of the world? Looking back and reflecting on the debates on China's WTO entry during that time, the organization's chief Pascal Lamy disappointed the...
China introduces first property tax for home buyers
China has introduced its first property tax for home buyers to try to curb record house prices and tame inflation. The measure, which came into effect on Friday, will apply to those buying second homes in Shanghai and Chongqing. For the full story, click here
China headed for wine greatness
Say “Chinese wine” to many and images of less-than-loved domestic Chinese wine brands like Dynasty (often pronounced “Dy-Nasty” by those who have tried the RMB 20 bottles of the stuff) and Great Wall come to mind. This image could be changing though as domestic and international demand of Chinese...
All aboard for China's fast-track future
As Chinese New Year approaches, hundreds of millions of people have already begun long journeys back to far-flung provinces across China to celebrate with their families. The journey home for the country's most important holiday, which this year falls on February 3, marks the largest annual migration of humans on Earth....
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