web analytics
The Standard

Pinning hopes on China

Written By: - Date published: 9:35 am, March 9th, 2014 - 33 comments
Categories: China, economy - Tags:

Our export-led economy is a rock-star according to those on the right. Australia kept us going, and now, despite the EU still spluttering, we can fly because China will buy all our milk powder.  Which we can keep making more of without destroying our ‘clean green’ country somehow.

But there’s a potential flaw in putting all your eggs in one China basket, as a number of BBC stories have been revealing.

First came Robert Peston looking at the level of debt and subsidies that sustains Chinese growth since the GFC and the West buying fewer Chinese goods.

Over the past few years, China has built a new skyscraper every five days, more than 30 airports, metros in 25 cities, the three longest bridges in the world, more than 6,000 miles of high speed railway lines, 26,000 miles of motorway, and both commercial and residential property developments on a mind-boggling scale.

There’s unsustainable growth which has Chinese debt at a reputed 200% of GDP, and investment at an unheard of 50% of GDP. It’s building massive ghost cities.  The Chinese Banking sector has rapidly expanded from $10 trillion to $25 trillion in a few years – the increase is the size of the entire US commercial banking sector, built up over centuries.

The wheels must surely fall off at some point, but in the meantime, China must grow as the promise from above is wealth instead of democracy and a say.  Should that wealth fail…

Next comes Linda Yeuh, looking at the massive shadow banking sector – accounting for 20% of banking in China is unofficial (non-bank) lending – often at interest rates of up to 100%.

Even local government is borrowing as central government promised growth and infrastructure, but didn’t provide the funds to local government to fulfil it.

If you think our fall-out from Finance Companies was bad, it’ll be but a grain of sand compared to what China might be loading up.

And now, we have the first time China is letting a major company default on a Chinese bond. A solar panel firm can’t pay its interest on a 1 billion yuan bond.

Where are they headed, and will they take us with them if we’re depending on them for our exports and recovery?

33 comments on “Pinning hopes on China”

  1. Bob Square Pants 1

    Shows how much you know then.

    The govt stopped subsidizing panels. Hence the company going under. More will follow. If it shows anything, it’s that Green technology can’t stand on its own two feet.

    This is where all our panels come from, so that kinda fucks the Greens solar argument.

    This has been in the works for some time. Glad you are finally catching up.

  2. adam 2

    Gotta love China – so this is going to be economic warfare 101? Or a real fubar realisation that capitalism is really a screwed up system? Maybe we can all grin and start again, once China fall’s over and scuttles the whole damn lot.

    • Tim 2.1

      “Maybe we can all grin and start again” ……
      Not a question of maybe! Unsustainable debt built on unsustainable growth (or maybe that’s the other way round). Either way, 3 finger salute – or as that Clinton lady once put it – we want to push the ‘reset’ button (in relation to Russia).
      Btw ….. it’s becoming fashionable for some to be concerned with income inequality. For those fashionistas – they at least have a basic understanding of mathematics and haven’t yet lost sight of the realities of people living together in a (dare I say it!) collective, or a community, or a city, or a “nation” even”.
      “Them Natives are getting restless” and it’s either mutually assured destruction, or the realisation that debt was built on a firm foundation of solid bullshit anyway.
      …. wooden wanna be in THEIR shoes – DERP!
      (Or maybe they’re hoping to take it with them into a Colin Craig style ‘afterlife’. All it would take is for the STUFF website to come out with the headline “Scientists say Second Life is Real”).
      Bah ….. Baaaaaahaahhhaa, Baaahaahah!

  3. geoff 3

    Where are they headed, and will they take us with them if we’re depending on them for our exports and recovery?

    Who do you mean by ‘us’ and ‘we’re’?

  4. RedLogix 5

    As long as the CCP retains it’s totalitarian grip on China it will continue to print credit and expand at 7% pa. They are in excess of 20% of the world economy now, by around 2030 they will account for about 60 – 70 % of global GDP.

    They still have around 800m peasants. China can add a fresh 20m skilled workforce into their economy each and every year for the next 40 years.

    And as long as China is allowed to fix it’s currency at a fraction of it’s real value (and ask yourself why this is when every other trading nation must float) this effectively unlimited slave labour force will destroy every other job in the world. Already it is getting hard to buy some categories of things that are not made in China.

    They have been very clever in allowing their shadow banking system to grow so very rapidly, but at the same time no one bank is large enough to damage the entire system. A few weeks ago the shadow bank system collapsed in one large city – the local govt just bailed it out and hardly anyone outside of China noticed.

    Chinese capital is on a massive spending spree throughout the world, buying up real-estate, resources and productive capacity. They’ve learnt well from the capitalist west that it’s smart to export the dirtiest, filthiest jobs out from your homeland and under the guise of various FTA’s will export millions of workers offshore. It’s the most massive economic colonisation program in all history. Absolutely the China is suffering dire environmental blowback in the homeland at present – but this is only a temporary phase. A growing and increasingly sophisticated middle-class will not tolerate environmental degradation indefinitely.

    At the same time their military budget is now $200b and ramping up rapidly. They will overmatch the USA by 2020.

    Within 20 years China will be the dominant player in the world. That fact is indisputable anyone who imagines that they will somehow stall or collapse is deluding themselves. The open question is going to be exactly how that dominance plays out.

    • Colonial Viper 5.1

      It’s not that the things you’ve said are not true, RL, it’s that you’ve not mentioned the pressures of certain very tough constraints that China is now running up against.

      China has massive demographic problems, social/political unrest, economic imbalances (eg services vs manufacturing sector imbalance), graft and environmental degradation.

      For instance, the consequences of the one child policy means that China’s population over 60 is going to massively increase over the next 30 years. IMO that alone will sink the more optimistic growth projections for China.

      • RedLogix 5.1.1

        China has massive demographic problems, social/political unrest, economic imbalances (eg services vs manufacturing sector imbalance), graft and environmental degradation.

        The point is that the CCP has the capacity to solve them. These people are not afraid of thinking big and planning for the long-term because they have the certainty that they will be around for the long-haul.

        Contrast this with Washington which is now effectively a dead-locked zombie. It is no longer controversial to suggest that the Western experiment with party political democracy has failed. At the same time a one-party totalitarian regime in China is proving wildly successful, in the face of considerable odds. This is an irony very few people in the West are willing to say out loud.

        Given this track-record I’m willing to place odds on the CCP overcoming the challenges you list as well. They are real, they are massive – but China has the capacity to respond where the rest of the world does not.

        • Colonial Viper 5.1.1.1

          Yeah, there is that. You could see it around the time of the Beijing Olympics. Smog free skies needed for the Opening Ceremony? No problem, we’ll just close all local industry, furnaces and coal fired power plants down for the entire week before.

  5. Colonial Viper 6

    Ben, I agree that massive Chinese credit creation and an over-reliance on the Chinese manufacturing industry (which for instance cannot produce trains which match the quality of what NZ WAS capable of making) is a real problem for this small country of ours.

    But as far as I can see, no NZ political party has been willing to make that very simple statement – that we need to re-localise and re-onshore NZ industries, and that we cannot continue to rely on “export driven growth” as if it was still the resource rich 1960’s and 1970’s. Markets like China, the EU, the USA and even now Australia are slowing (and perhaps possibly on the verge of another crash).

    Resource and energy depletion is real. Climate change is real. The dominance of banks and large financial institutions over even sovereign states is real. New economic ideas are needed. And whom within our political landscape is proposing them?

    I want to understand why all our political parties seem content with trying to hoodwink the electorate with yet another few years of business as usual ‘pretend and extend’?

    • RedLogix 6.1

      (which for instance cannot produce trains which match the quality of what NZ WAS capable of making)

      When the Chinese want to do quality they are perfectly capable of it. Another decade and we will no longer mention these things.

      When I was a boy all Japanese cars were “Jap Crap”. No-one says that anymore.

      And whom within our political landscape is proposing them?

      No-one is allowed to. Look at the way Cunliffe who looks like a very modest threat to the status-quo is being cut down.

      • marty mars 6.1.1

        “When the Chinese want to do quality they are perfectly capable of it.”

        The space program supports this statement – if it needed support that is, which I think it didn’t, even though I offered support for it – go figure.

      • Draco T Bastard 6.1.2

        When I was a boy all Japanese cars were “Jap Crap”. No-one says that anymore.

        Yep, I remember that. Didn’t take long for them to be the best car makers in the world. China will go the same way.

        No-one is allowed to.

        And that is the big problem with politics in Western countries – you’re not allowed to question the orthodoxy that enriches the few at everyone else’s expense and regularly crashes the economy.

        • Colonial Viper 6.1.2.1

          The inevitable conclusion is that trying to work through mainstream political parties can only be a vanishingly small fraction of what the Left does. Building mass movements, popular organisations and logistics enabling protests and peaceful resistance will be the key.

        • Populuxe1 6.1.2.2

          Um, try questioning the orthodoxy in China that enriches the top members of the CCP and leaves millions of people in dire poverty or virtual slavery.

      • Colonial Viper 6.1.3

        BTW KiwiRail engineers and consultants were over in China monitoring the build of that rolling stock. Obviously, whatever they were doing, it wasn’t enough.

        When the Chinese want to do quality they are perfectly capable of it. Another decade and we will no longer mention these things.

        In the 1960’s the Japanese became fanatical about implementing quality control initiatives e.g. Deming process control approaches.

        Today Chinese manufacturing has learnt an even more valuable lesson: western consumers and western countries are happy to hand over large sums of money for junk.

        NZ has proven that insight yet again.

      • Murray Olsen 6.1.4

        Very true, RL. I have a friend in India who gets stuff made in China. I mentioned the problem of quality to him and he told me that, when you negotiate the deal, you also negotiate the quality. If you’re willing to pay, you get top of the line stuff. My son in law, a Chinese factory owner, claims to only make the highest quality, but then I’ve never done business with him.

        Makes me wonder exactly how the asbestos train negotiations proceeded. I would have loved to be a fly on the wall.

  6. Draco T Bastard 7

    The real problem is that we keep pinning our hopes on export rather than building up our own economy. Produce everything we need here in NZ and we’re not susceptible to outside economic disasters.

  7. I have been predicting the demise of China as the result of the demise of the US for about 8 years now.

    The US Consumers until recently spend about $ 7 trillion annually. The Chinese about $1 trillion.

    The US is collapsing at a staggering but entirely predictable speed with shops closing by the thousands. Chinese billionaires and corrupt party officials are leaving the country and are buying huge amounts of real estate globally to get their loot out of China.
    In London for example entire condo buildings are build and marketed exclusively to the Chinese.

    Chinese companies are channel stuffing to keep the pretense up and they keep building entire cities where nobody lives to keep their economy going and they are printing a cob smacking $ 250 billion or so a month. It is unsustainable and ridiculous. Without the US as their biggest customer and the rest of the worlds economies tanking as the result of banker fraud and fiat currencies there is no way the <ahref=”http://www.washingtonsblog.com/2014/03/chinese-economy-crashing.html”>Chinese can keep this going. Nobody can!

    • RedLogix 8.1

      No. Everyone who is predicting the demise of China is applying the kind of thinking that is applicable in the West.

      China is completely different. The CCP can do whatever it wants – politically and economically.

      • travellerev 8.1.1

        They can do anything they want but they cannot break the laws of nature or practice Witchcraft/Magic.

        Contrary to the West people there do actually get arrested for corruption and convicted to death too. Apparently this worries the überrich and apparatchiks alike to the point where they actually leave en masse with their stolen loot. A billion angry people can be pushed only so far even by what you apparently think is of Godlike strength but in fact of course is merely a very small group of elitist scumbags.

  8. dave 9

    we are 400 percent of GDP in Debt. private debt is a basket case and Shonkey is making sure the government books are looted as well 1984 all over again I just have a feeling inside when labour and green get to see the books there going to be cooked to the Max by billy bob English

    • Yep, let’s start with the $112 billion in CDF and other derivatives!

    • aerobubble 9.2

      Key is a banker, Key knows inflation wipes out debt, it therefore follows that the world needs a massive round of inflation to wipe the debt back to something manageable. If anything Key hasn’t gone far enough and used debt to build infrastructure, swimming pools, etc, etc. As after the bout of global inflation its will be much more expense to build.

      Inevitably the cycle turns and we need a high spending high taxing government. How else are a generation of right wing idiots supposed to claim governments should not tax and spend unless we have a bout of it from time to time to make it a realistic proposition. And when is the best time, well NOW! in a debt binge waiting on massive inflationary reset.

  9. Ad 10

    Ben what did you make of Laim Dann’s much more positive article on the same topic today.

    Personally China looks like New Zealand’s substitute for an economic development policy. And seems to be working almost as well.

Recent Comments

Recent Posts

  • Bullying contributes to Auckland being stripped of ICU training
    Complaints of bullying and harassment by supervisors which have contributed to Auckland’s critical care department losing its training accreditation are further evidence of the appalling culture at executive level, Labour’s Health spokesperson Annette King says. “The department had its accreditation… ...
    3 days ago
  • Broadband failure sucks up more cash
    The Commerce Committee has blocked an inquiry into the $300 million rural broadband initiative (RBI) despite mounting evidence it’s a massive policy failure and waste of money, says Labour’s ICT spokesperson Clare Curran. “The Government is about to spend an… ...
    4 days ago
  • TISA – Another secret trade deal you may never have heard of
      This post first appeared on The Daily Blog You’ve probably heard of the Trans-Pacific Partnership Agreement (TPPA) by now and the widespread concerns around it but what about the Trade in Services Agreement (TISA) also being currently negotiated by… ...
    GreensBy Gareth Hughes MP
    4 days ago
  • Health chickens coming home to roost as Dunedin loses right to train doctor...
    News today that Dunedin Hospital has lost orthopaedic training accreditation is a major blow and proves the Government’s prevarication is having devastating consequences, Labour’s Health spokesperson Annette King says. “Losing orthopaedic advanced training is serious. There is a knock on… ...
    5 days ago
  • $74,000 quarterly rise shows crisis out of control
    New figures out today showing Auckland house prices have spiked by a massive $74,000 in the past quarter is further evidence the city’s housing crisis has spiralled out of control, Labour’s “In spite of constant announcements and photo opportunities from… ...
    5 days ago
  • Democracy for Nauru now
    Murray McCully must send the strongest possible message to the Nauruan Government that New Zealand does not condone its actions given the disturbing developments there, Labour’s Foreign Affairs spokesperson David Shearer says. “Right now we are seeing Nauru stripped of… ...
    5 days ago
  • Recovery needs more than a rebrand
    Today’s announcement of new governance arrangements for Canterbury seems to be nothing more than a fresh coat of paint on the same old approach, says Labour’s Canterbury Earthquake Recovery spokesperson Ruth Dyson. “The Canterbury Recovery has been too slow, with… ...
    5 days ago
  • Copper decision a victory for status quo, not Kiwi households
    New Zealanders hoping for cheaper copper broadband will be disappointed by the Commerce Commission’s latest decision in the long running saga to determine the price of copper, Labour’s ICT spokesperson Clare Curran says. “In an apparent attempt to appease everyone,… ...
    5 days ago
  • It’s time for hard decisions in the Bay
     The Ruataniwha dam project is turning into a huge white elephant as the economics fail to stack up, says Labour’s Water spokesperson Meka Whaitiri.  “Ruataniwha simply doesn’t make economic sense when you look at other major irrigation schemes around the… ...
    5 days ago
  • More testing won’t lift student achievement
    Hekia Parata’s latest plan to subject school students to even more testing and assessment won’t do anything to lift the educational achievement of the kids who are struggling, Labour’s Education spokesperson Chris Hipkins says. “New Zealand school students are already… ...
    5 days ago
  • Bad week for NZ economy gets worse
    The bad news for the New Zealand economy got worse this morning with the 8th successive drop in dairy prices at this morning’s global dairy auction, again exposing the absence of any Plan B from the National Government, Labour’s Finance… ...
    5 days ago
  • System failing to protect women and children from family violence
    Last week we called for mandatory child safety investigations in domestic violence cases. This came after the coronial inquiry into the deaths of Bradley and Ellen Livingstone and the verdict in the trial of the west Auckland boys charged with… ...
    GreensBy Jan Logie MP
    6 days ago
  • Backers banking on social bonds cash?
    The Government is refusing to say what the $29 million it has set aside for its controversial social bonds programme is for, raising suspicions it is an upfront payment to the project backers, Labour’s Health spokesperson Annette King says. A… ...
    6 days ago
  • Plastic Free July
    Today is the start of Plastic Free July. Since its inception in Perth, Western Australia four years ago, more and more people and organisations from around the world have joined the call to refuse single use plastic products. Nearly all… ...
    GreensBy Denise Roche MP
    6 days ago
  • State house sell off Bill gives extraordinary powers
    The Government is about to give Ministers extraordinary powers to take direct personal control of selling state houses, exempting Ministers from normal legal requirements and leaving the sale process wide open for corruption, Labour's Housing spokesperson Phil Twyford says. The… ...
    6 days ago
  • Cash for charter schools, mould for state schools
    At a time when state schools are struggling in old, cold, mouldy buildings and can barely make ends meet, the National Government is shovelling cash at charter schools which aren’t even spending the funding on kids’ education, Labour’s Education spokesperson… ...
    6 days ago
  • New Zealand needs a wise response to climate change
    Today in Parliament I got to hear from a group of New Zealanders who are concerned for the future of our country. Called Wise Response, the group is a broad coalition of academics, engineers, lawyers, artists, sportspeople and others who… ...
    GreensBy Russel Norman MP
    6 days ago
  • No alternative as waste scheme trashed
    Nick Smith must explain how he is going to prevent contamination of New Zealand’s ground and water with liquid and hazardous waste after scrapping the only monitoring scheme and offering no replacement, says Labour’s Environment Spokesperson Megan Woods. “From today,… ...
    6 days ago
  • Flawed system rates death traps as safe
    ACC Minister Nikki Kaye needs to come clean about what really lies behind the reclassification of 18 vehicles in her new motor vehicle registration system introduced today, Labour’s ACC spokesperson Sue Moroney says. "New Zealanders deserve the truth about the… ...
    6 days ago
  • Tiwai Smelter and 800 workers left in limbo
     Workers at Tiwai smelter and the people of Southland have once again been left in limbo over their future in the ongoing debacle over whether the plant stays open, says Labour’s Leader Andrew Little.  “It’s not good enough that after two years of… ...
    6 days ago
  • New twist in state house sell-off saga
    The Government has opened the door to buyers of state houses simply being landlords and not required to provide social services, Labour’s Housing spokesperson Phil Twyford says. The Prime Minister said at his post-Cabinet press conference buyers would not “have… ...
    6 days ago
  • Government fees will hit charities hard
    National’s decision to ignore the concerns of charities will see the voluntary sector face hundreds of thousands of dollars in new costs if the Policing (Cost Recovery) Amendment Bill passes, says Labour's Community and Voluntary Sector spokesperson Poto Williams. “National’s… ...
    7 days ago
  • Four out of ten for Simon’s Bridges
    The Transport Authority’s decision to fund only four of the 10 bridges promised in National’s shameless Northland by-election bribe is a huge embarrassment for Transport Minister Simon Bridges, Labour’s Transport spokesperson Phil Twyford says. “After one by-election poll showed they… ...
    7 days ago
  • Falling consents adding to Auckland housing woes
    Falling numbers of building consents being issued in Auckland will add to the city’s housing shortfall and fuel skyrocketing house prices, Labour’s Housing spokesperson Phil Twyford “The Productivity Commission found there was a shortfall of around 32,000 houses by the… ...
    7 days ago
  • So Mr English, do you have a plan?
    DIpping confidence about jobs, wages and shrinking exports are highlighting the lack of a plan from the government to diversify the economy and build sustainable growth, Grant Robertson  Labour’s Finance Spokesperson said. " Data released over the last week… ...
    7 days ago
  • Serious risks to tenants and assets in sell-off
    Overseas evidence shows there are serious risks around the Government's plan to sell off state houses to social housing providers, Opposition Leader Andrew Little says. “In the Netherlands – where community housing providers supply the majority of social housing –… ...
    1 week ago
  • Land of milk and money
    Kiwi families are paying over the top prices for their milk and someone is creaming off big profits, says Labour’s Consumer Affairs spokesperson David Shearer. “In 2011 the Government told us high New Zealand milk prices were a natural result… ...
    1 week ago
  • MoBIE largesse doesn’t stop with TVs and hair-straighteners
    The number of MoBIE staff earning more than $150,000 has risen 23 per cent in just a year, Labour’s Economic Development Spokesperson David Clark says. Documents obtained from the Ministry of Business, Innovation and Employment show there are now nearly… ...
    1 week ago
  • English wants to flog state houses to Aussies
    Bill English’s admission that he would sell hundreds of New Zealand’s state houses to the Australians is the latest lurch in the Government’s stumbling, half-baked housing policy, Labour’s housing spokesperson Phil Twyford says. “Bill English should face reality and admit his… ...
    1 week ago
  • Exports continue to fall as Government fails to diversify
    The Government quickly needs a plan to diversify our economy after new figures show that exports are continuing to fall due to the collapse in dairy exports, Labour's Finance Spokesperson Grant Robertson says. “Dairy exports fell 28 per cent compared… ...
    2 weeks ago
  • Government inaction leads to blurring of roles
    The Treasury wouldn’t have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labour’s Finance spokesperson Grant Robertson says. “The problems… ...
    2 weeks ago
  • Courthouse closures hitting regions
    The Government’s decision to shut down up to eight regional courthouses, some supposedly only temporarily for seismic reasons, looks unlikely to be reversed, Labour’s Justice spokesperson Jacinda Ardern says.“The move has hit these regions hard, but appears to be a… ...
    2 weeks ago
  • A Victory for Te Tiriti o Waitangi
    This week my partner, who has a number of professions, was doing an archaeological assessment for a District Council. He showed me the new rules around archaeologists which require them to demonstrate “sufficient skill and competency in relation to Māori… ...
    GreensBy Catherine Delahunty MP
    2 weeks ago
  • Tough bar set for Ruataniwha dam
     Today’s final decision by the Tukituki Catchment Board of Inquiry is good news for the river and the environment, says Labour’s Water spokesperson Meka Whaitiri. “Setting a strict level of dissolved nitrogen in the catchment’s waters will ensure that the… ...
    2 weeks ago
  • Minister for Women and National missing the mark – part two
    The Minister for Women was in front of the select committee yesterday answering questions about her plans for women. Some useful context is that we used to have a Pay and Employment Equity Unit within the then Department of Labour… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • Lavish penthouse spend confirms culture of extravagance
    At the same time thousands of New Zealanders are being locked out of the property market, the Government is spending up on a lavish New York penthouse for its diplomats, Labour’s Foreign Affairs spokesperson David Shearer says. News that taxpayers… ...
    2 weeks ago
  • Māori Television exodus cause for concern
    The shock departure of yet another leading journalist from the Native Affairs team raises further concern the Board and Chief Executive are dissatisfied with the team’s editorial content, says Labour’s Māori Development spokesperson Nanaia Mahuta. “Annabelle Lee is an experienced… ...
    2 weeks ago
  • Million-plus car owners to pay too much ACC
    More than a million car owners will pay higher ACC motor vehicle registration than necessary from July, Labour’s ACC spokesperson Sue Moroney says. “During a select committee hearing this morning it was revealed that car owners would have been charged… ...
    2 weeks ago
  • Bill will restore democracy to local councils
    A new Labour Member’s Bill will restore democracy to local authorities and stop amalgamations being forced on councils. Napier MP Stuart Nash’s Local Government Act 2002 (Greater Local Democracy) Bill will be debated by Parliament after being pulled from the… ...
    2 weeks ago
  • Minister for Women again misses the mark – part one
    Yesterday I asked the Minister for Women about the government’s poor performance on it’s own target of appointing women to 45% of state board positions. I challenged why she’d put out a media release celebrating progress this year when the… ...
    GreensBy Jan Logie MP
    2 weeks ago
  • Banks enter Dragon’s Den in pitch for Government’s mental health experi...
    Overseas banks and their preferred providers were asked to pitch their ideas for bankrolling the Government’s social bonds scheme to a Dragon’s Den-style panel, Labour’s Health spokesperson Annette King says. Dragon’s Den was a reality television series where prospective ‘entrepreneurs’… ...
    2 weeks ago
  • Global Mode bullying won’t stop people accessing content
    It’s disappointing that strong-arm tactics from powerful media companies have meant Global Mode will not get its day in court. Today a settlement was reached terminating the Global Mode service, developed in New Zealand by ByPass Network Services and used… ...
    GreensBy Gareth Hughes MP
    2 weeks ago
  • More questions – why was the Former National Party President involved wit...
    Today in Parliament Murray  McCully said the reason Michelle Boag was involved in 2011 in the Saudi farm scandal was in her capacity as a member of the New Zealand Middle East Business Council. The problem with that answer is… ...
    2 weeks ago
  • Minister must explain Maori TV interference
    Te Ururoa Flavell must explain why he told Maori TV staff all complaints about the CEO must come to him – months before he became the Minister responsible for the broadcaster, Labour’s Broadcasting Spokesperson Clare Curran says. “Sources have told… ...
    2 weeks ago
  • KiwiSaver takes a hammering after the end of kick-start
    National seems hell bent on destroying New Zealand’s saving culture given today’s news that there has been a drop in new enrolments for KiwiSaver, says Labour’s Finance spokesperson Grant Robertson.  “New enrolments for the ANZ Investments KiwiSaver scheme have plunged… ...
    2 weeks ago
  • Straight answers needed on CYF role
    The Government needs to explain the role that Child, Youth and Family plays in cases where there is evidence that family violence was flagged as a concern, Labour’s Children’s spokesperson Jacinda Arden says. “The fact that CYF is refusing to… ...
    2 weeks ago
  • Prime Minister confuses his political interests with NZ’s interest
    The Prime Minister’s statement in Parliament yesterday that a Minister who paid a facilitation payment to unlock a free trade agreement would retain his confidence is an abhorrent development in the Saudi sheep scandal, Opposition leader Andrew Little says.  ...
    2 weeks ago
  • #raisethequota
    Last Saturday was World Refugee Day. I was privileged to spend most of my day with the amazing refugee communities in Auckland. Their stories have been inspiring and reflect the ‘can-do’ Kiwi spirit, even though they come from all different… ...
    GreensBy Denise Roche MP
    2 weeks ago
  • Dairy conversions causing more pollution than ever, report shows
    The Parliamentary Commissioner for the Environment (PCE) released two reports on freshwater quality and management last Friday. The water quality report shows that dairy conversions are hurting water quality and says that despite great efforts with fencing and planting, large… ...
    GreensBy Catherine Delahunty MP
    2 weeks ago
  • Employers want urgent action on health and safety
    Moves by National to water down health and safety reforms have been slammed by employers – the very group the Government claims is pushing for change, says Labour’s spokesperson for Labour Relations Iain Lees-Galloway. “The Employers and Manufacturers’ Association has… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere