Improving the relationship with our largest trading partner

March 19th, 2014 at 2:00 pm by David Farrar

Stuff reports:

While Key’s visit to this week – built around giving assurances over food safety standards – is unusual, it is hard to argue with the evidence that relations with continue to deepen and broaden.

Trade with China, an economy strongly controlled by officials in Beijing, continues to grow at remarkable speed.

Yesterday, there was formal announcement that New Zealand would be allowed direct currency trade with China, becoming one of only a handful of currencies in the world to do so.

That’s significant and useful, as we no longer have to do a double exchange by converting to say US first.

All of this came ahead of tonight’s dinner, intimate in terms of state dinners at eight or nine guests a side, believed to be the first with a New Zealand prime minister since David Lange in the 1980s.

In the lead-up to this trip, the schedule appeared lacking in any event which could match the pageantry of last year’s 19-gun salute on the courtyard in front of Beijing’s Great Hall of the People.

But the night’s dinner suggests both that China has no interest in embarrassing New Zealand over the botulism scare, and that the relationship between the leaders is warm and personal. 

This is Key’s third meeting with President Xi Jinping in a year, possibly the most the Chinese leader has had with any foreign leader.

As Stuff says, this does not win votes but …

Such details win few votes at home, especially with no media attending the dinner.

But in terms of giving confidence that all is well with one of the main drivers of New Zealand’s economy, it is hard to beat.

China has a growing middle class. They is a great opportunity for countries that can produce goods and services middle class Chinese families want.

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34 Responses to “Improving the relationship with our largest trading partner”

  1. kowtow (8,138 comments) says:

    Make money while you can.Invest your profits wisely and diversify.

    China’s demise will be ugly and it will hurt here big time.

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  2. dime (9,793 comments) says:

    kowtow – they will still have to eat?

    i think the US demise may come first…

    I get the feeling something big is coming though. Dime is currently preparing for the worst.

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  3. wreck1080 (3,863 comments) says:

    Uhhh, there goes the 2nd stage booster on the Auckland housing market.

    I think we should have done more to protect locals from competing with foreign money for basics such as housing. There is no way locals can compete against the millions of millionaire chinese folk wanting to live in Auckland.

    It does tire me the people who say chinese are only a minor impact on the housing market. Just look at Auckland , the population makeup has quite visibly changed.

    I like the aussie idea, where foreigners can build new houses only.

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  4. kowtow (8,138 comments) says:

    dime

    Yep they do have to eat ,but if the country breaks up all those trade and infrastructure networks break down too.It’s so big the bustup’s going to be all the worse.
    By the way ,I don’t want China to break up.The enormous suffering will be terrible and it will be very hard on us too.

    Problem is a growing middle class is not going to sit around forever being dictated to.
    The poor labouring classes aren’t going to sit idly by if the economy crashes.
    There are still massive discrepancies between the coast and inland economies and standards of living.
    One could even get a looney lurch to the left within the party (it’s happened before)

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  5. rouppe (962 comments) says:

    Imagine the fury when the Prime Minister doesn’t pay for the meal

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  6. Igotta Numbum (452 comments) says:

    Wreck…

    Just look at Auckland , the population makeup has quite visibly changed.
    I like the aussie idea, where foreigners can build new houses only.

    Doing the second doesn’t fix the first.

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  7. igm (1,413 comments) says:

    Can “Tojo” Cunliffe use chopsticks?

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  8. davidp (3,572 comments) says:

    rouppe>Imagine the fury when the Prime Minister doesn’t pay for the meal

    Key is in a difficult position. If the Chinese pay, then the media will say Key has been bribed. If Key pays, then the media will accuse Key of being the briber and burble on about Auckland real estate or something. Someone is sure to compare the cost of the meal to the cost of a Chinese takeaway in any small NZ town. Norman will complain that Key didn’t bother asking for Norman’s flag back. Peters will say that there are too many Chinese restaurants on Dominion Rd and WAY too many in Beijing, and Key is responsible for the state of the restaurant industry in both counties. Robinson will demand to know if any of the courses included dairy products, and will table a series of questions in parliament asking if Key realised he was endorsing the chef when he remarked how he’d enjoyed the meal. But none of this will matter when we find out that Cunliffe once killed and ate a panda.

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  9. wreck1080 (3,863 comments) says:

    ha ha, yes it is pathetic when people are arguing over the cost of a meal.

    Really, labour are getting so petty.

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  10. Judith (8,531 comments) says:

    @ dime (8,595 comments) says:
    March 19th, 2014 at 2:09 pm

    Dime is currently preparing for the worst.

    Will we be seeing Dime on an episode of ‘Doomsday Preppers’?

    And more importantly, what will Dime be including in his ‘shelter’?

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  11. Akaroa (552 comments) says:

    Have to say how I enjoyed davidp’s offering at 3.08pm above!

    There’s not enough humour in politics and associated affairs in NZ. Its bad enough when the Politicians start taking themselves seriously, but surely commentators and the vast unwashed can take a rise out of some of these self-important individuals.

    Take all this nonsense about Judith Collins and her Chinese visit. Does the average, evidently brain-dead, Labour MP seriously think that the voting hoi poloi are for one second interested – or, as they would have it – in any way concerned – about what J Collins did or didn’t do PRIVATELY in China? Who cares?

    I guess we shouldn’t really criticise the Left for their ridiculous nit-pickety approach to the minor issues and their ignoring those of the broader political debate with their consequent avoidance of any real issues – its in every right thinking Kiwi’s best interests to keep those second-class no-hopers on the Oppostion benches for as long as possible.

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  12. Paulus (2,591 comments) says:

    Waiting for DotConPeters to ask John Key.

    Did New Zealand Taxpayers pay for his private dinner with the Chinese Premier ?
    And what was discussed ?

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  13. Ben Dover (526 comments) says:

    Most politicians are more PRO CHINA than they Are PRO NZ

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  14. Ben Dover (526 comments) says:

    ust look at Auckland , the population makeup has quite visibly changed.
    I like the aussie idea, where foreigners can build new houses only.

    WHAT DREAM WOIRLD DO YOU LIVE IN

    They (AS) KISS A R S E to china and treat KIWIs Like DOG SH*T

    The Tax laws for chinese in AUS are super friendly

    DON”T YOU KNOW SCUM BAG DIRT WAD LOWLIFE AUS
    Claims Capital Gains Tax on Property Owned in NZ?

    Yep work in Aus for 6 years and fro then on the low lifes claim capital gains tax on your property

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  15. Ben Dover (526 comments) says:

    MIDDLE CLASS

    What happened to the Socialist Communist dream

    COMMIE LOVERS

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  16. Ben Dover (526 comments) says:

    President Xi Jinping

    WHO VOTED FOR HIM

    if no one

    He can f88k off

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  17. Ben Dover (526 comments) says:

    You can imagine it

    “YES MASSER WE WILL CHANGE THE FLAG”

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  18. griffith (1,111 comments) says:

    Judith (5,227 comments) says:
    March 19th, 2014 at 3:22 pm

    No offence Judith but when I bale its me.
    and as many hybrid wahina toa I can stack the boat with.

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  19. Ben Dover (526 comments) says:

    I wonder if he is going to ask him what the

    Massive Hurry is with

    The Military Build up

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  20. Ben Dover (526 comments) says:

    Yes Master

    We will sell you the productive land you want

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  21. Ben Dover (526 comments) says:

    NZ it is like Hong Kong

    You have it when you want ti

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  22. Ben Dover (526 comments) says:

    You people need to change your Countries name to

    GAGA Land

    http://www.globaltimes.cn/content/849242.shtml

    PLA orders discussion of combat readiness

    The People’s Liberation Army (PLA) General Political Department has ordered the army and armed police across the nation to discuss combat readiness and effectiveness, the PLA Daily reported on Tuesday.

    The PLA Daily said the across-the-board discussion aims at instilling the concept of combat readiness, adding that the discussion will be the army’s prime political task this year.

    The PLA General Political Department has required military officers to learn modern military technologies and IT knowledge and to analyze what it takes to win a modern war.

    The discussion will entail weeding out military practices that run counter to the “combat-readiness standard” and learning the Communist Party of China (CPC) Central Military Commission (CMC) chairman Xi Jinping’s remarks on national defense and army building, according to the PLA Daily.

    Xi, who leads the country’s reform on national defense and the armed forces, stressed that military reform should be guided by the objective of building a strong army at a key military reform meeting on Saturday.

    With “being able to combat and win battles” as the focus, Xi said at the meeting the reform should target key problems in strengthening combat preparedness and weak links in honing combat effectiveness.

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  23. ChardonnayGuy (1,197 comments) says:

    Earth to Sinophobes. They’re now our largest trading partner and an expanding market for our agricultural and other products. In a sense, they’re helping drive New Zealand’s current export-led recovery. To quote Paula Bennett, ‘zip it, sweetie.”

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  24. SJM (74 comments) says:

    ChardonnayGuy (982 comments) says:
    March 20th, 2014 at 8:52 am
    Earth to Sinophobes. They’re now our largest trading partner and an expanding market for our agricultural and other products. In a sense, they’re helping drive New Zealand’s current export-led recovery. To quote Paula Bennett, ‘zip it, sweetie.”
    *******************************************

    This is true, but should not mean that we should ignore exactly what the Chinese are and what they are up to. Given the nature of their government and their actions recently, we should be concerned with our over reliance on their markets for our prosperity, such as it is.

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  25. Ben Dover (526 comments) says:

    Earth to GAGA land
    The Chinese Government – Communist party and –
    The People’s Liberation Army are the
    Same Thing

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  26. Ben Dover (526 comments) says:

    HAVE A NICE DAY SLEEP WELL

    COMMIE LOVING SCUM BAGS

    ARE THE COMMIES still cannibalising people?

    they harvest their body parts while they are alive that is ECONOMIC progress in China
    instead of death by 1000 cuts

    it is lets sell body parts of petty criminals Communists are just a bunch of high tech SAVAGES

    http://www.dailymail.co.uk/news/article-1165416/Chinas-hi-tech-death-van-criminals-executed-organs-sold-black-market.html

    in chilling echoes of the ‘gas-wagon’ project pioneered by the Nazis to slaughter criminals, the mentally ill and Jews, this former member of the China People’s Party will be handcuffed to a so-called ‘humane’ bed and executed inside a gleaming new, hi-tech, mobile ‘death van.’

    After trials of the mobile execution service were launched quietly three years ago – then hushed up to prevent an international row about the abuse of human rights before the Olympics last summer – these vehicles are now being deployed across China.
    The number of executions is expected to rise to a staggering 10,000 people this year (not an impossible figure given that at least 68 crimes – including tax evasion and fraud – are punishable by death in China).

    Read more: http://www.dailymail.co.uk/news/article-1165416/Chinas-hi-tech-death-van-criminals-executed-organs-sold-black-market.html#ixzz2wUafyu00
    Follow us: @MailOnline on Twitter | DailyMail on Facebook

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  27. Ben Dover (526 comments) says:

    ‘Organs can be extracted in a speedier and more effective way using these vans than if the prisoner is shot,’ says Amnesty International.

    The kidney will become dysfunctional 30 minutes after cardiac arrest. So the removal of organs must be completed at the execution ground within 15 minutes, then put in an ice box or preservation solution.’
    While other countries worry about the morality of the death penalty, China has no such qualms.
    For the Beijing regime, it is not a question of whether they should execute offenders, but how to do it most efficiently – and make the most money from it.

    LIVER ON THE MENU CHICKEN LIVER

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  28. Ben Dover (526 comments) says:

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  29. Ben Dover (526 comments) says:

    The numbers are unsettling. We don’t know how many thousands of prisoners China executed in 2009, but if they provided organs for 65 percent of that year’s 10,000 surgeries, it would suggest most or perhaps close to all of the prisoners had their organs removed after their deaths.

    http://www.washingtonpost.com/blogs/worldviews/wp/2012/11/05/yes-china-still-harvests-organs-from-executed-prisoners/

    Yes, China still harvests organs from executed prisoners

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  30. Ben Dover (526 comments) says:

    “What’s so unusual about Emperor Shih Huang of the China Dynasty? He had buried alive 460 scholars only, but we have buried alive 46,000 scholars.”
    Mao

    THAT IS RIGHT FOLKS BURIED ALIVE TO DIE SLOWLY AND YOUR LEADER WORSHIPS
    HIS MAORI CLOAK IN TE PAPA

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  31. Chthoniid (2,029 comments) says:

    Currently, I am in China. For 2 days the China Daily has covered stories about NZ and China, specifically the meetings with Key and the Chinese premier Xi Jinping. Other newspapers have had the photo of Key and Jinping exchanging the symbolic currency notes on their front page. For a country still gripped by the mystery of flight MH370 this is extraordinary. We’re well ahead of Malaysia.

    Whatever the Fonterra debacle, at the end of the day here, people in China have a very positive sentiment towards NZ and Key. They like us. Nobody winces or frowns when you present an NZ passport. There is a lot of goodwill, not in any predatory sense, to this country

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  32. Ben Dover (526 comments) says:

    That is because they know full well

    THEY WILL OWN THE LOT SOON ENOUGH

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  33. Ben Dover (526 comments) says:

    YOU ARE THEIR SLAVES

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  34. Ben Dover (526 comments) says:

    Chinese Premier Li Keqiang on Wednesday announced a 12.2 percent increase to China’s military budget for 2014 to 808.2 billion yuan ($132 billion).

    Observers said that the growth is spurred by increasing global tensions and is consistent with China’s growing economy.

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