Will We Go Down With China?
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- Date published:
11:24 am, August 22nd, 2022 - 19 comments
Categories: China, Economy, Free Trade, International, trade, us politics -
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Muchn’all as I try and stay positive about New Zealand’s economic direction, our reliance on China is getting much, much worse, and we need to move as China declines.
China has gone from taking 26% of our total exports in 2019 and 2020 to a full 33% last year.
For over a decade it has been assumed that the Chinese economy would within a decade overtake that of the United States.
It’s not going to now. More and more signs point to a China that is fully unprepared for the competition with the United States it once sought.
This year the United States economy is forecast to grow faster than China’s for the first time since 1976.
Xi isn’t stabilising China’s growth model and is instead doubling down on the very economic policies that got China into today’s deep economic bind.
What if, like the USSR of old, China instead of being a competitor cannot actually afford to compete against the United States?
To go back to Xi’s foundational rise, when Chinese officials noted the depth of the weakness of Washington from the 2008 financial crisis, Chinese officials bet that overseas investments and economic coercion would be the keys to outcompeting the West. They were mostly right.
China’s economic clout in the decade the followed provided Xi Jinping with the confidence to shape the economic futures of many countries in its economic orbit. Yes, that includes us. We signed up to China in 2008 and never looked back.
The fruits of China’s economic expansion underwrote its power projection, which we have seen throughout the South China Sea and into Russia this year. This growth also paid for the economic power projection of the Belt and Road initiatives, military commitments, and infrastructure modernisation.
But its meteoric economic rise appears over. What use to be 12% growth went to 6%, and now forecast to 3% in the coming year.
It has actively crushed its key entrepreneurs, threatened to invade Taiwan with dire investor confidence results, has a real estate developer market in freefall from debt, and has a shrinking workforce.
Its COVID-response repression has led to plummeting industrial output, surging unemployment, capital flight, and a sinking currency.
This leaves New Zealand’s very high dependence on the Chinese economy very exposed indeed.
Worse, Australia is at least as reliant on China as we are, and Australia is the country we rely upon the most for trade, security, and diplomatic and military strength.
The United States in response to the growing military threat and terrible political leadership from Xi Jinping is now fully gathering its manufacturing capacity back to itself for clear strategic reasons.
There is still no sign that either key New Zealand industry like Fonterra or Zespri or the Chinese-owned Silver Ferm Farms/Shanghai Penxin/Beijing SanYaun Foods/Super Organic Dairy/Synait/Waste Management/Fu Wah Hotels etc will diversify much away from China and just ever-expand our dependence upon China.
New Zealand’s reliance on China for trade and investment has a close corollary in the reliance of Europe on Russian gas and petroleum.
We know what happens when the taps are turned off because we’ve seen it in Germany, Austria, Poland, Ukraine, and more.
China is to New Zealand what Russia is to Europe.
Our key companies need to diversify quickly and the government needs to lead this effort urgently.
Otherwise China is going to take us down with them.
19 comments on “Will We Go Down With China? ”
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- Fast-track submissions period must be extendedThe Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...2 weeks ago
- Release: Progress on climate will be undone by GovtNew Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...2 weeks ago
- Release: Dark day for Kiwi kids as a third of Govt cuts affect themNews that 1000 jobs at the Ministry of Education and Oranga Tamariki could go is devastating for future generations of New Zealanders. ...2 weeks ago
- Release: Alarm as Government signals further blow to school lunchesMore essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...2 weeks ago
- Oranga Tamariki cuts commit tamariki to state abuseTe Pāti Māori is disgusted at the confirmation that hundreds are set to lose their jobs at Oranga Tamariki, and the disestablishment of the Treaty Response Unit. “This act of absolute carelessness and out of touch decision making is committing tamariki to state abuse.” Said Te Pāti Māori Oranga Tamariki ...2 weeks ago
- Release: Quick, submit – stop Govt’s dodgy approvals billThe Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...2 weeks ago
- Government throws coal on the climate crisis fireThe Government’s policy announced today to ease consenting for coal mining will have a lasting impact across generations. ...2 weeks ago
- Release: Public transport costs to double as National looks at unaffordable roading project insteadCancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...2 weeks ago
- Release: Cost of living in Auckland still not a priorityA laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...2 weeks ago
- Te Pāti Māori to visit Queensland to strengthen ties with Māori in AustraliaTe Pāti Māori co-leader Rawiri Waititi, and Mema Paremata mō Tāmaki-Makaurau, Takutai Tarsh Kemp, will travel to the Gold Coast to strengthen ties with Māori in Australia next week (15-21 April). The visit, in the lead-up to the 9th Australian National Kapa haka Festival, will be an opportunity for both ...2 weeks ago
- Greens look to fast-track submissions on harmful lawThe Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...3 weeks ago
- Minister acknowledges passing of Sir Robert Martin (KNZM)
New Zealand lost a true legend when internationally renowned disability advocate Sir Robert Martin (KNZM) passed away at his home in Whanganui last night, Disabilities Issues Minister Louise Upston says. “Our Government’s thoughts are with his wife Lynda, family and community, those he has worked with, the disability community in ...2 hours ago - Speech to New Zealand Institute of International Affairs, Parliament – Annual Lecture: Challenges ...Good evening – Before discussing the challenges and opportunities facing New Zealand’s foreign policy, we’d like to first acknowledge the New Zealand Institute of International Affairs. You have contributed to debates about New Zealand foreign policy over a long period of time, and we thank you for hosting us. ...2 hours ago
- Accelerating airport security linesFrom today, passengers travelling internationally from Auckland Airport will be able to keep laptops and liquids in their carry-on bags for security screening thanks to new technology, Transport Minister Simeon Brown says. “Creating a more efficient and seamless travel experience is important for holidaymakers and businesses, enabling faster movement through ...4 hours ago
- Community hui to talk about kina barrensPeople with an interest in the health of Northland’s marine ecosystems are invited to a public meeting to discuss how to deal with kina barrens, Oceans and Fisheries Minister Shane Jones says. Mr Jones will lead the discussion, which will take place on Friday, 10 May, at Awanui Hotel in ...9 hours ago
- Kiwi exporters win as NZ-EU FTA enters into forceKiwi exporters are $100 million better off today with the NZ EU FTA entering into force says Trade Minister Todd McClay. “This is all part of our plan to grow the economy. New Zealand's prosperity depends on international trade, making up 60 per cent of the country’s total economic activity. ...10 hours ago
- Mining resurgence a welcome signThere are heartening signs that the extractive sector is once again becoming an attractive prospect for investors and a source of economic prosperity for New Zealand, Resources Minister Shane Jones says. “The beginnings of a resurgence in extractive industries are apparent in media reports of the sector in the past ...12 hours ago
- Ō-Rākau Remembrance Bill passes first readingThe return of the historic Ō-Rākau battle site to the descendants of those who fought there moved one step closer today with the first reading of Te Pire mō Ō-Rākau, Te Pae o Maumahara / The Ō-Rākau Remembrance Bill. The Bill will entrust the 9.7-hectare battle site, five kilometres west ...1 day ago
- Government to boost public EV charging networkEnergy Minister Simeon Brown has announced 25 new high-speed EV charging hubs along key routes between major urban centres and outlined the Government’s plan to supercharge New Zealand’s EV infrastructure. The hubs will each have several chargers and be capable of charging at least four – and up to 10 ...1 day ago
- Residential Property Managers Bill to not progressThe coalition Government will not proceed with the previous Government’s plans to regulate residential property managers, Housing Minister Chris Bishop says. “I have written to the Chairperson of the Social Services and Community Committee to inform him that the Government does not intend to support the Residential Property Managers Bill ...1 day ago
- Independent review into disability support servicesThe Government has announced an independent review into the disability support system funded by the Ministry of Disabled People – Whaikaha. Disability Issues Minister Louise Upston says the review will look at what can be done to strengthen the long-term sustainability of Disability Support Services to provide disabled people and ...1 day ago
- Justice Minister updates UN on law & order planJustice Minister Paul Goldsmith has attended the Universal Periodic Review in Geneva and outlined the Government’s plan to restore law and order. “Speaking to the United Nations Human Rights Council provided us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while responding to issues and ...1 day ago
- Ending emergency housing motels in RotoruaThe Government and Rotorua Lakes Council are committed to working closely together to end the use of contracted emergency housing motels in Rotorua. Associate Minister of Housing (Social Housing) Tama Potaka says the Government remains committed to ending the long-term use of contracted emergency housing motels in Rotorua by the ...1 day ago
- Trade Minister travels to Riyadh, OECD, and DubaiTrade Minister Todd McClay heads overseas today for high-level trade talks in the Gulf region, and a key OECD meeting in Paris. Mr McClay will travel to Riyadh to meet with counterparts from Saudi Arabia and the Gulf Cooperation Council (GCC). “New Zealand’s goods and services exports to the Gulf region ...2 days ago
- Education priorities focused on lifting achievementEducation Minister Erica Stanford has outlined six education priorities to deliver a world-leading education system that sets Kiwi kids up for future success. “I’m putting ambition, achievement and outcomes at the heart of our education system. I want every child to be inspired and engaged in their learning so they ...2 days ago
- NZTA App first step towards digital driver licenceThe new NZ Transport Agency (NZTA) App is a secure ‘one stop shop’ to provide the services drivers need, Transport Minister Simeon Brown and Digitising Government Minister Judith Collins say. “The NZTA App will enable an easier way for Kiwis to pay for Vehicle Registration and Road User Charges (RUC). ...2 days ago
- Supporting whānau out of emergency housingWhānau with tamariki growing up in emergency housing motels will be prioritised for social housing starting this week, says Associate Housing Minister Tama Potaka. “Giving these whānau a better opportunity to build healthy stable lives for themselves and future generations is an essential part of the Government’s goal of reducing ...2 days ago
- Tribute to Dave O'SullivanRacing Minister Winston Peters has paid tribute to an icon of the industry with the recent passing of Dave O’Sullivan (OBE). “Our sympathies are with the O’Sullivan family with the sad news of Dave O’Sullivan’s recent passing,” Mr Peters says. “His contribution to racing, initially as a jockey and then ...2 days ago
- Speech – Eid al-FitrAssalaamu alaikum, greetings to you all. Eid Mubarak, everyone! I want to extend my warmest wishes to you and everyone celebrating this joyous occasion. It is a pleasure to be here. I have enjoyed Eid celebrations at Parliament before, but this is my first time joining you as the Minister ...2 days ago
- Government saves access to medicinesAssociate Health Minister David Seymour has announced Pharmac’s largest ever budget of $6.294 billion over four years, fixing a $1.774 billion fiscal cliff. “Access to medicines is a crucial part of many Kiwis’ lives. We’ve committed to a budget allocation of $1.774 billion over four years so Kiwis are ...2 days ago
- Pharmac Chair appointedHon Paula Bennett has been appointed as member and chair of the Pharmac board, Associate Health Minister David Seymour announced today. "Pharmac is a critical part of New Zealand's health system and plays a significant role in ensuring that Kiwis have the best possible access to medicines,” says Mr Seymour. ...3 days ago
- Taking action on Fetal Alcohol Spectrum DisorderHundreds of New Zealand families affected by Fetal Alcohol Spectrum Disorder (FASD) will benefit from a new Government focus on prevention and treatment, says Health Minister Dr Shane Reti. “We know FASD is a leading cause of preventable intellectual and neurodevelopmental disability in New Zealand,” Dr Reti says. “Every day, ...4 days ago
- New sports complex opens in KaikoheRegional Development Minister Shane Jones today attended the official opening of Kaikohe’s new $14.7 million sports complex. “The completion of the Kaikohe Multi Sports Complex is a fantastic achievement for the Far North,” Mr Jones says. “This facility not only fulfils a long-held dream for local athletes, but also creates ...4 days ago
- Diplomacy needed more than everForeign Minister Winston Peters’ engagements in Türkiye this week underlined the importance of diplomacy to meet growing global challenges. “Returning to the Gallipoli Peninsula to represent New Zealand at Anzac commemorations was a sombre reminder of the critical importance of diplomacy for de-escalating conflicts and easing tensions,” Mr Peters ...5 days ago
- Anzac Commemorative Address, Buttes New British Cemetery BelgiumAmbassador Millar, Burgemeester, Vandepitte, Excellencies, military representatives, distinguished guests, ladies and gentlemen – good morning and welcome to this sacred Anzac Day dawn service. It is an honour to be here on behalf of the Government and people of New Zealand at Buttes New British Cemetery, Polygon Wood – a deeply ...5 days ago
- Anzac Commemorative Address – NZ National Service, Chunuk BairDistinguished guests - It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders. Our presence here and at the other special spaces of Gallipoli is made ...6 days ago
- Anzac Commemorative Address – Dawn Service, Gallipoli, TürkiyeMai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia. Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...6 days ago
- PM announces changes to portfoliosPaul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...1 week ago
- New catch limits for unique fishery areasRecreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...1 week ago
- Minister welcomes hydrogen milestoneEnergy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...1 week ago
- Urgent changes to system through first RMA Amendment BillThe coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...1 week ago
- Overseas decommissioning models consideredOverseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...1 week ago
- Release of North Island Severe Weather Event InquiryEmergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...1 week ago
- Justice Minister to attend Human Rights CouncilJustice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order. “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...1 week ago
- Patterson reopens world’s largest wool scouring facilityAssociate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...1 week ago
- Speech to the Southland Otago Regional Engineering Collective Summit, 18 April 2024Hon Andrew Bayly, Minister for Small Business and Manufacturing At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho Good Afternoon and thank you for inviting me to open your summit today. I am delighted ...1 week ago
- Government to introduce revised Three Strikes lawThe Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...1 week ago
- New diplomatic appointmentsForeign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions. “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says. “I am pleased to announce the appointment of these senior diplomats from the ...1 week ago
- Humanitarian support for Ethiopia and SomaliaNew Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today. “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...1 week ago
- Arts Minister congratulates Mataaho CollectiveMinister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale. “It is good ...1 week ago
- Supporting better financial outcomes for KiwisThe Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...1 week ago
- James Shaw's valedictory – and his new role
Shaw has bowed out of Parliament, and has already revealed details of what he is doing next. ...1 hour ago - AUKUS: Winston Peters says NZ 'long way' from deciding on Pillar 2Peters spoke about the military pact in an annual 'scene setter' speech at Parliament on Wednesday evening. ...1 hour ago
- National Cabinet has committed to a range of strategies to stop violence against women, but has it d...
Source: The Conversation (Au and NZ) – By Anastasia Powell, Professor, Family and Sexual Violence, RMIT University Violence against women is not a women’s problem to solve, it is a whole of society problem to solve; and men in particular have to take responsibility. Those were the ...1 hour ago - Is bioenergy ever truly green? It depends on 5 key questionsSource: The Conversation (Au and NZ) – By Jessica Allen, Senior Lecturer in Chemical and Renewable Energy Engineering, University of Newcastle Snapshot freddy/Shutterstock Plans to revive an old coal-fired power station using bioenergy are being considered in the Hunter region of New South Wales. Similar plans for the station ...2 hours ago
- Free school lunches scheme to get temporary funding until review is completeFunding for the scheme is set to continue for the "immediate few years" while officials work out what the alternative programme will look like. ...2 hours ago
- Taxpayers’ Union Slams Secret List Of Judges’ Perks
Responding to the long-awaited release of judges’ special allowances, including free air travel and hotels for spouses, generous sabbaticals, and access to limousines, Taxpayers’ Union spokesman Alex Murphy said: “In what world does your employer ...2 hours ago - Winston Peters expected to give update on AUKUS talks in speechAnalysis - The United States has unveiled plans to boost the weapons trade with Australia and the UK, on the same day that Winston Peters is expected to sketch NZ's position on AUKUS. ...2 hours ago
- Why did the Voice referendum fail? We crunched the data and found 6 reasonsSource: The Conversation (Au and NZ) – By Andrea Carson, Professor of Political Communication, Department of Politics, Media and Philosophy, La Trobe University Since Australia’s First Nations Voice to Parliament referendum in October 2023, diverse commentaries have sought to explain why it failed. But what does an analysis of media ...2 hours ago
- Court hears appeal of Waitangi Tribunal summons decision
Lawyers representing two iwi as well as the Māori Women’s Welfare League on Wednesday asked the Court of Appeal to overturn last week’s High Court decision on the Waitangi Tribunal’s decision to summons Children’s Minister Karen Chhour. The Tribunal is currently investigating the Government’s decision to repeal section 7AA of ...3 hours ago - Former MPs Louisa Wall, Simon O'Connor claim to be targets of China-backed cyber attackThe spy agencies are being questioned after two former MPs claim they were never informed they were victims of a China-backed cyber-attack. ...3 hours ago
- Kāinga Ora home vacancies 'trending downwards' after minister's letterThe agency recently changed the way it counts vacancies so it is more accurate. ...3 hours ago
- Albanese government flags measures to tackle online misogyny in the battle against violence towards ...Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The Albanese government will introduce legislation to ban deepfake pornography and provide more funding for the eSafety Commission to pilot age-assurance technologies. The contribution of internet sites to gender-based violence was one major issue ...4 hours ago
- Average Hourly Earnings Up 5.2 Percent Annually – Stats NZAverage ordinary time hourly earnings, as measured by the Quarterly Employment Survey (QES), increased 5.2 percent in the year to the March 2024 quarter, according to figures released by Stats NZ today. Annual wage cost inflation, as measured by the ...4 hours ago
- Job scams are on the rise. What are they, and how can you protect yourself?Source: The Conversation (Au and NZ) – By Dimitrios Salampasis, FinTech Capability Lead | Senior Lecturer, Emerging Technologies and FinTech, Swinburne University of Technology Clem Onojeghuo/Unsplash In the digital era, the job market is increasingly becoming a minefield – demanding and difficult to navigate. According to the Australian Bureau ...4 hours ago
- Two Decades Of Youth Employment And Education – Stats NZAs of the March 2024 quarter, we can now look back on 20 years of data related to youth not in employment, education, or training (NEET), as collected by the Household Labour Force Survey (HLFS), according to figures released by Stats NZ today. "The ...4 hours ago
- May Day: The Biggest Threat To NZ Workers In 2024 Is Our GovernmentThousands of workers attended public events in Auckland, Wellington and Christchurch today to celebrate International Workers’ Day (May Day), but union representatives are urging caution and vigilance over the Government’s blatantly "anti-worker" ...4 hours ago
- Unemployment Rate At 4.3 Percent – Stats NZThe seasonally adjusted unemployment rate was 4.3 percent in the March 2024 quarter, compared with 4.0 percent in the previous quarter, according to figures released by Stats NZ today. ...4 hours ago
- David Seymour wants to stop 'lazily' categorising by raceThe ACT leader rails against "lazily looking at everyone through the lens of race" in latest episode of RNZ's new in depth interview show. ...4 hours ago
- Private Info Of New Zealanders Will Be Breached By Latest Government CutsThe PSA is warning the Government that the sensitive information of New Zealanders held by various agencies will fall into the wrong hands if the latest round of proposed cuts goes ahead. ...5 hours ago
- Curious Kids: how do sugar rushes work?Source: The Conversation (Au and NZ) – By Talitha Best, Professor of Psychology, CQUniversity Australia Victoria Rodriguez/Unsplash How do sugar rushes work? – W.H, age nine, from Canberra What a terrific question W.H! Let’s explore this, starting with some of the basics. What is sugar? ...5 hours ago
- Our research shows a strong link between unemployment and domestic violence: what does this mean for...Source: The Conversation (Au and NZ) – By Karinna Saxby, Research Fellow, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne MART PRODUCTION/Pexels Increasing income support could help keep women and children safe according to new work demonstrating strong links between financial insecurity and domestic violence. ...5 hours ago
- From Gallipoli to Gaza: remembering the Anzacs not as a ‘coming of age’ tale but as a lesson for...ANALYSIS: By Olli Hellmann, University of Waikato When New Zealanders commemorate Anzac Day today on April 25, it’s not only to honour the soldiers who lost their lives in World War I and subsequent conflicts, but also to mark a defining event for national identity. The battle of Gallipoli against ...5 hours ago
- ‘A major shakeup’: the Optus outage has been investigated. What’s going to change now?Source: The Conversation (Au and NZ) – By Mark A Gregory, Associate Professor, School of Engineering, RMIT University The telecommunications industry faces a major shakeup following the release of the post-incident report on last November’s 12-hour Optus outage. Telecommunications companies will have to share more information with customers during future ...5 hours ago
- ‘There is some properly foul content in this book’: What a bookseller reads
Welcome to The Spinoff Bookseller Confessional, in which we get to know Aotearoa’s booksellers. This week: Eden Denyer, bookseller at Unity Books Auckland. Weirdest question/request you’ve had on the shop floor A mother came in looking for anything we might have on Alaskan bison as that was her little boy’s ...5 hours ago - Unemployment Data Shows Need For Govt To Act NowNZCTU Economist Craig Renney said new data released by Statistics New Zealand shows the need for Government to act now, with unemployment rising from 3.4% to 4.3%. ...5 hours ago
- Polls are nothing if not a bit of political theatre The outpouring of anger over Maiki Sherman’s hyperbolic presentation of this week’s ‘nightmare’ poll is itself an overreaction, argues Stewart Sowman-Lund. Politicians love nothing more than to pretend they don’t care about polls. This week, deputy prime minister Winston Peters said he didn’t give a “rat’s derriere” about a TVNZ ...5 hours ago
- Ngāti Kahungunu becomes NZ’s first iwi to call for a Gaza ceasefireAsia Pacific Report Ngāti Kahungunu in Aotearoa New Zealand’s Hawkes Bay region has become the first indigenous Māori iwi (tribe) to sign a resolution calling for a “ceasefire in Palestine”, reports Te Ao Māori News. Reporter Te Aniwaniwa Paterson talked to Te Otāne Huata, who has been organising peace rallies ...6 hours ago
- PNG businesses want grants, not loans over Black Wednesday riotsBy Dale Luma in Port Moresby “We want grants and not concessional loans,” is the crisp message from Papua New Guinea businesses directly affected by the Black Wednesday looting four months ago. The businesses, which lost millions after the January 10 rioting and looting, say they need grants as part ...6 hours ago
- Pay bump for politicians: What you need to knowExplainer - MPs are about to get a pay bump, but is it fair and how does it compare to other countries? ...7 hours ago
- School lunches funding likely to be time-limitedIt's an approach to funding the government has spent months criticising Labour over - calling them "fiscal cliffs" . ...7 hours ago
- Cum chairs, stolen pay and shitting bans: Workers share their horror stories with usHappy May Day. Join a union. Q: What’s worse than a staff break room where the only place to sit and have a cup of tea is on a teetering stack of old pornography magazines? A: Your boss replacing the magazine stacks with chairs that are “heartily encrusted with ...7 hours ago
- Landlord Government Once Again Pushes Renters Into The ColdThe Coalition is trying to axe yet another opportunity to improve rentals by dropping the Residential Property Managers Bill. ...8 hours ago
- Ready, set, go in Solomons PM race – Jeremiah Manele vs Matthew WaleBy Koroi Hawkins, RNZ Pacific editor Former opposition leader Matthew Wale has been announced as the second prime ministerial candidate ahead of the election in Solomon Islands tomorrow. He will face off against former foreign affairs minister Jeremiah Manele, who was announced by the Coalition for National Unity and Transformation ...8 hours ago
- Unemployment rate rises to 4.3%Fewer jobs are created and immigration is increasing the size of the workforce, Stats NZ says. ...9 hours ago
- The art of the three-day birthdayWe get but one birthday a year – why not make it last as long as possible by scheduling as many meals with friends and family as you can? This is an excerpt from our weekly food newsletter, The Boil Up. How do you celebrate your birthday? Do you celebrate at ...9 hours ago
- If the industry is to survive, journalists need to convince the public of their worthA Koi Tū discussion paper released today proposes sweeping changes to New Zealand’s media industry. The principal’s key author, Gavin Ellis, explains how journalists have a key role to play in making others value their role in society. This is an abridged version of a piece first published on knightlyviews.com ...9 hours ago
- Government Risks Wellbeing Of Māori With Proposed Cuts To Te Puni KōkiriThe Government’s spending cuts are again targeting support for Māori with proposed reform of the agency charged with advising on Māori wellbeing and development. ...9 hours ago
- What just happened to Bonza? Why new budget airlines always struggle in AustraliaSource: The Conversation (Au and NZ) – By Ian Douglas, Honorary Senior Lecturer, UNSW Aviation., UNSW Sydney The history of budget jet airlines in Australia is a long road littered with broken dreams. New entrants have consistently struggled to get a foothold. Low-cost carrier Bonza has just become the industry’s ...9 hours ago
- Free trade deal with the European Union comes into forceThe European Union ambassador says the FTA will have immediate wins for kiwifruit, apple, and onion growers. ...10 hours ago
- Violence against women is both a legal and cultural problem. What can we do to address it?Source: The Conversation (Au and NZ) – By Rosalind Dixon, Director, Gilbert + Tobin Centre of Public Law, UNSW Sydney Australia is finally having a sustained conversation about violence against women and what we can do about it. It is more than time. Australian women and girls continue to experience ...11 hours ago
- GP clinics are going to pay more payroll tax, which could reduce bulk billingSource: The Conversation (Au and NZ) – By Stephen Duckett, Honorary Enterprise Professor, School of Population and Global Health, and Department of General Practice and Primary Care, The University of Melbourne stockfour/Shutterstock Preliminary bulk billing data released this week shows a 2.1% rise in bulk billing up to March. ...11 hours ago
- ‘Make me a sandwich’: our survey’s disturbing picture of how some boys treat their teachersSource: The Conversation (Au and NZ) – By Samantha Schulz, Senior Lecturer, University of Adelaide Australia is once again grappling with how we can stop gendered violence in our country. Protests over the weekend show there is enormous community anger over the number of women who are dying and National ...11 hours ago
- Australians lose $5,200 a minute to scammers. There’s a simple thing the government could do to re...Source: The Conversation (Au and NZ) – By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University AnastasiaDudka/Shutterstock What if the government was doing everything it could to stop thieves making off with our money, except the one thing that could really work? That’s how it ...11 hours ago
- Psychological drama, wilderness reality and everyone’s favourite dog: the best of streaming this M...Source: The Conversation (Au and NZ) – By Erin Harrington, Senior Lecturer in English and Cultural Studies, University of Canterbury The Conversation It seems to be a time of old favourites. This month our experts have recommended two new seasons – the second season of Alone Australia (although ...11 hours ago
- Te Tiriti o Waitangi could be heading home after 'long and arduous journey'After 184 years, Te Tiriti o Waitangi may be on its way home. ...11 hours ago
- The Eta Aquariid meteor shower is about to peak and could be the best this century – here’s how ...Source: The Conversation (Au and NZ) – By Jonti Horner, Professor (Astrophysics), University of Southern Queensland A bright Eta Aquariid meteor photobombed this photo of comet C/2020 F8 (SWAN) in May 2020. Jonti Horner Meteors – commonly known as shooting stars – can be seen on any night of the ...11 hours ago
- Wondering what Australia might look like in a hotter world? Take a glimpse into the distant pastSource: The Conversation (Au and NZ) – By Tim Flannery, Honorary fellow, The University of Melbourne Shutterstock Current concentrations of carbon dioxide (CO₂) in Earth’s atmosphere are unprecedented in human history. But CO₂ levels today, and those that might occur in coming decades, did occur millions of years ago. ...11 hours ago
- Foreign minister speech tipped to shed light on Aukus involvementWinston Peters has been keen to dismiss speculation on our involvement in Aukus but will give a speech tonight on the direction of our foreign policy, writes Anna Rawhiti-Connell in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. ...11 hours ago
- Will New Zealand’s school phone ban work? Let’s see what it does for students’ curiositySource: The Conversation (Au and NZ) – By Patrick Usmar, Lecturer in Critical Media Literacies, Auckland University of Technology Getty Images With the coalition government’s ban of student mobile phones in New Zealand schools coming into effect this week, reaction has ranged from the sceptical (kids will just get ...12 hours ago
- School's struggle with asbestos removal: 'It's destroyed me'An Auckland school's efforts to get rid of asbestos has been so tough its principal thought of quitting the job. ...12 hours ago
- Hospital hiring has to go through head office in 'short term' budget moveHospitals around the country are not allowed to make a single hiring decision without the approval of Te Whatu Ora's head office, including for cleaners and administration staff. ...12 hours ago
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Not only is their economic outlook gloomy, but the country seems to be imploding socially. Should civil war break out, I dread to think what the political and economic fallout will be for the world.
What has this relationship added to NZ? Undermined democracy, turned the property market into a Ponzi scheme, enabled sex trafficking, turbo charged destructive dairy farming (and made farming non viable – our rural sector farms for capital gains now).
The CCP does not respect normal accounting rules, intellectual property, human rights, or stick to its agreements.
NZ will always be the plaything of the super-powers around us. I just hope that we don't become strategically important
You can add to that list nitrate levels in Canterbury drinking water, soon to come to Christchurch's previously pristine drinking water.
Totally agree with this post.
Worse still, the worsening economic situation in China may well become a catalyst for an invasion of Taiwan, as a means to divert internal attention away from their economic problems.
Having so much of our economy tied up with a potential enemy is of great concern.
The only place China is going is up.
China has been beating the U.S at it's own 'rules',so now the U.S wants to change..those rules.
The BRIC countries along with Americas post war enemies are seeking to break the dependence on U.S financial/military hegemony.
They will succeed.
NZ used to rely on the U.K ,but when they dropped us we found other markets.
No loyalty in business.
When I look at the leaders of the countries in the world and their spokespeople and representatives,the Anglo/American actors are plain disappointing.
Look at the CCP ambassador on Q&A…very polished,look at Lavrov or Putin dealing with western media..the existing double standards are exposed for all to see.
Biden,Johnson,=hopeless.As for Truss….you can't be …serious.
China is unsustainable. Its hollow "growth at any cost" economy is cratering, it is utterly dependent on shipping lanes for food and fuel. the people are growing restless as their life savings, invested in ghost cities, are going up in smoke.
And there's a frightening demographic time bomb.
China will fail. It is an inevitable consequence of its embrace of all of the worst aspects of capitalism, abandoning the communist ideals of equality, and no social safety net
"it is utterly dependent on shipping lanes for food and fuel."
Yes. All that is needed is to blockade the Malacca strait and China is in deep trouble.
The only way they can seek to break U.S. financial/military hegemony is through military adventures.
They will fail.
Google "Ghost Cities China". Then you will understand why they are in deep trouble.
Along with Covid lockdowns, and one of the fastest declining populations in the world, they are in deep trouble. Think about the effects of decades of the one-child policy on demographics.
You will find this video by Peter Zeihan very enlightening.
Google the decline of America…and you will see things are not so rosy in the…West.
'“If the American people allow private banks to control the issue of money, first by inflation, and then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson.
U.S.A
-huge homelessness problem
-40 million on foodstamps
-mass shootings every week
-25% of the worlds total incarcerated are in American prisons(money in it)
-horrendous inequality
-fentanyl epidemic
-record private and public debt
-corruption in politics
-erosion of free speech
I could go…on.
"record private and public debt"
The total debt in the US, as a fraction of the GDP, is actually less in the US that it is in Japan, China or the EU.
http://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-HOUSEHOLD/010030H712Q/index.html
https://www.forbes.com/sites/wadeshepard/2018/03/19/ghost-towns-or-boomtowns-what-new-cities-really-become/?sh=4f327c785e3f
So when will the much vaunted NZ business sector do something about it?
The NZ ruling class is hitched to the Anglosphere via 5 Eyes, ideologically and in reality, plus the yankee devils would now like us in AUKUS as well apparently.
The irony is…try and get bulk quantities of NZ Dairy products into the USA or Europe–not a happening thing. As another commenter alluded to “business is business” and domestic Real Politik trumps lil ’ol Noo Zeeland all day every day.
Best for Aotearoa NZ to have as independent a foreign and trade policy as possible in this current world.
Re Ad's post, is the economy of China (popn 1,451,159,772) in danger of recession?
Not seeing it, but my crystal ball is cloudy.
Sound and fury – worry about the little things, and big trends will 'take care' of you.
https://www.lemonde.fr/en/climate-change/
Ad-China's real estate was valued at $52 trillion in 2019. The 90 billion loss you refer to in your link is peanuts.
There are, however, other more serious issues with the China real estate market-read here.
https://www.businessinsider.com/china-housing-market-explainer-cost-debt-wealth-evergrande-impact-2021-9
Yes your link is better ta
What a load of drivel.
China cannot compete with the US, but nor does it need to. Why do you think that it is a zero sum game?
China is going through a painful transition. It's growth rate was unsustainable. China's leadership is attempting to a transition to more mature economy where the economy is more balanced. It is not easy, and there are pressures to get quick results.
Long term the outlook for China is positive. Their technology has moved from copying to innovating, and they are generating patents at a rate in advance of any other economy. https://www.reuters.com/article/us-un-patents-idUSKCN2AU0TM
Zero-covid is hurting, and reducing demand. People are not buying houses, phones and cars at the previous rate. They still want quality food. NZ's exports will be the last sector to suffer.
Of course we should diversify our markets. We don't need to panic because of China's slowdown, but we need to move away from being a commodity exporter, so we can get richer ourselves.
Nothing to see here…
https://twitter.com/eliotjacobson/status/1559900534538383362?s=21&t=s00xqGfX7O2gpbXVUOdvZA