New Zealand China Trade Association: News

GDP growth leaps ahead in H1

Thu, 29 Jul 2010 00:00:00 +1200

BEIJING - Most provinces and regions in China reported first-half gross domestic product (GDP) growth exceeding the national level, with less-developed central and western regions generally outperforming the nation's more economically advanced areas.

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Source: GDP growth leaps ahead in H1

China to tighten rules on food safety

Thu, 29 Jul 2010 00:00:00 +1200

Chinese government officials pledged Tuesday to improve regulations on food, particularly dairy products, following last week's seizure of 64 tons of milk powder containing 500 times the acceptable level of toxic melamine.

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Source: China to tighten rules on food safety

China key for trade growth

Thu, 29 Jul 2010 00:00:00 +1200

The World Trade Organization (WTO) on Friday lauded China for the significant role it has played in reviving global trade growth and said the nation has more than fulfilled its commitment to the organization.

The WTO said in its annual report released on Friday that it expects global trade to grow by 10 percent this year.

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Source: China key for trade growth

China firms urged to explore ASEAN ventures

Thu, 29 Jul 2010 00:00:00 +1200

Chinese companies should look for more cooperation opportunities with the Association of Southeast Asian Nations (ASEAN) to realize the full advantages of the free trade agreement between the two, government officials said on Monday.

"The government will actively encourage companies planning overseas ventures to invest in ASEAN countries," said Vice-Commerce Minister Gao Hucheng.

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Source: China firms urged to explore ASEAN ventures

Face to Face with Anthony Bolton on China

Fri, 23 Jul 2010 00:00:00 +1200

Anthony Bolton, Fidelity International’s star stockpicker, tells FT’s Asia Markets Correspondent Robert Cookson that future growth in China will come from domestic consumption rather than exports.

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Source: Face to Face with Anthony Bolton on China

Synlait forms partnership with Chinese company

Fri, 23 Jul 2010 00:00:00 +1200

Canterbury dairy processor Synlait has announced an $82 million partnership deal with a Chinese company.

Bright Dairy & Food Co will invest in Synlait Milk to drive its value-added export strategy.

The agreement, which remains subject to regulatory and shareholder approval, means Synlait Ltd and Bright Dairy will become joint owners of Synlait Milk, with the Chinese company holding a controlling 51% interest.

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Source: Synlait forms partnership with Chinese company

Is the Era of cheap chinese labour over?

Fri, 23 Jul 2010 00:00:00 +1200

And if so, what might that mean for the global economy?

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Source: Is the Era of cheap chinese labour over?

Chinese dairy giant Bright Dairy announces $82m Synlait investment

Fri, 23 Jul 2010 00:00:00 +1200

Bright Dairy & Food, China's third-biggest dairy company by volume, has agreed to buy a majority stake in Canterbury milk processor Synlait Milk for $82 million.

Synlait, which abandoned a planned $150 million share sale last year due to a tepid response, will be a joint owner of its processing company with Bright Dairy, though it will keep and operate its farms through a separate company.

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Source: Chinese dairy giant Bright Dairy announces $82m Synlait investment

$25.3m raised by biofuel firm