Will We Go Down With China?
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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.
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Today, the Green Party stands alongside the survivors of abuse in state care and faith-based care as the Government issues an historic apology. ...1 week ago
- Green Party calls for conscience vote on Treaty Principles Bill
The Green Party has written to the Speaker of the House requesting he enable a personal vote on the Treaty Principles Bill. ...1 week ago
- Govt move to exclude journalist risks chilling effect
The Green Party is alarmed by the Government’s move to exclude a journalist from covering this week’s apology for the survivors of abuse in state and faith-based care. ...2 weeks ago
- Without action, an apology will be empty air
For tomorrow’s apology to survivors of abuse in state and faith-based care to hold any water, the Government must not pursue the same policies that drove the abuse in the first place. ...2 weeks ago
- Release: Concerns remain over tobacco interference
Concerns about the tobacco industry’s ability to interfere in government policy making remain, despite the inability of the Office of the Auditor-General to investigate the Government’s decision to halve the excise tax on heated tobacco products. ...2 weeks ago
- Urgent wake-up call on climate
The Climate Change Commission’s latest advice indicates Aotearoa needs to be stepping up on climate action. ...2 weeks ago
- Green MP’s Meme-ber’s Bill set to save the world
Break out the punchlines and dust off your meme folder: Green Party MP Kahurangi Carter’s Copyright (Parody and Satire) Amendment Bill was pulled from the Ballot yesterday. ...2 weeks ago
- Release: Poroporoaki: Ta Robert (Bom) Gillies
Kua hinga te manawa kairākau o Te Rua Tekau Ma Waru Tiwhatiwha te po! Kakarauru i te po! Ka rapuhia kei hea koe kua riro! Haere e te Ika a Whiro ki o tini hoa kua ngaro atu ki te Pō ...2 weeks ago
- Labour, Greens and Te Pāti Māori call on the Prime Minister to block the Treaty Principles Bill
The opposition parties stand united for an Aotearoa that honours Te Tiriti, rather than seeking to rewrite it. Labour, the Greens and Te Pāti Māori are working together against the Government’s divisive Treaty Principles Bill. ...2 weeks ago
- Release: Labour, Greens and Te Pāti Māori call on the Prime Minister to block the Treaty Principle...
The opposition parties stand united for an Aotearoa that honours Te Tiriti, rather than seeking to rewrite it. Labour, the Greens and Te Pāti Māori are working together against the Government’s divisive Treaty Principles Bill. ...2 weeks ago
- NZ must pursue independent foreign policy
The Green Party says the need is greater than ever for Aotearoa New Zealand to pursue an independent foreign policy. ...2 weeks ago
- Release: Winston Peters must apologise
The Deputy Prime Minister should apologise to the public servant he named and blamed for something they did not do, and for misusing the rules of Parliament. ...2 weeks ago
- Government action provides Southland farmers more time to meet plan requirements
The Government is taking action to ensure Southland farmers and growers are not affected by unreasonable regional farm plan deadlines, Agriculture Minister Todd McClay, Environment Minister Penny Simmonds and Associate Environment Minister Andrew Hoggard say.“Cabinet has agreed to provide more time for farmers and growers to comply with regional rules ...10 hours ago - Bill reaffirms Government’s commitment to crack down on serious youth offending
The Oranga Tamariki (Responding to Serious Youth Offending) Bill had its first reading at Parliament today. The Bill reaffirms the Government’s commitment to crack down on serious youth offending, Minister for Children Karen Chhour says. “In recent years we have seen an unacceptable spike in youth offending. “This Bill makes ...10 hours ago
- Critical milestones for earthquake buildings review
Fairer, more sensible rules about managing earthquake risks are a step closer with the passing of legislation and the appointment of an independent chair to provide expert advice, Minister for Building and Construction Chris Penk says. “The Government is committed to reinvigorating our cities and regions to support economic growth, ...11 hours ago
- State of the art radiology machine for Auckland
People in Northland and Auckland will benefit from a new machine for cancer treatment installed at the Regional Cancer and Blood Service at Auckland City Hospital. The MV5 linear accelerator, or LINAC machine, officially opened today targets cancer tumours with pinpoint accuracy. Health Minister Dr Shane Reti says this new, ...11 hours ago
- Foreign Minister to visit Europe
Deputy Prime Minister and Foreign Minister Winston Peters will travel to Europe for high-level talks with France, Germany and the United Kingdom next week. "Since taking office almost a year ago, the Coalition Government has emphasised the importance we place on New Zealand's traditional and likeminded diplomatic and ...12 hours ago
- First arrests made under gang patch ban
Police have made their first arrests under the new gang patch legislation, with two gang members arrested, says Police Minister Mark Mitchell. “Just before 11 this morning, Police in Wairoa apprehended a gang member for wearing a patch to the supermarket. He has been arrested and will now face enforcement ...13 hours ago
- Better support for victims of sexual violence
The Government is proposing two major changes to name suppression laws that will put the views of victims of sexual violence first, Justice Minister Paul Goldsmith says. “We are committed to restoring law and order and these two proposed changes will help ensure the victims of crime are put at ...14 hours ago
- Government moving forward with Regional Deals
Cabinet has agreed to invite all regions to submit proposals for Regional Deals between central and local government that drive economic growth and deliver the infrastructure our country needs, Local Government Minister Simeon Brown and Infrastructure Minister Chris Bishop say. Inviting all regions to propose a Regional Deal that boosts ...14 hours ago
- MSA pilot participant update
One of the ten young men selected to participate in the Military-Style Academy Pilot has allegedly reoffended. Children’s Minister Karen Chhour is disappointed but says it would be naïve to think that none of these young men would reoffend. “I’m saddened that this young person has not taken this opportunity ...15 hours ago
- Attendance rates increase, again
Associate Education Minister David Seymour says that school attendance is continuing to rise. In Term 3 of 2024 51.3 per cent of students attended school regularly, an increase of 5.3 percentage points from 46 per cent in Term 3 of 2023. “This Government has prioritised student attendance and it is ...16 hours ago
- Improving the lives of young New Zealanders
Ensuring New Zealand is the best place in the world for children and young people is the vision at the heart of the Government’s new Child and Youth Strategy, Child Poverty Reduction Minister Louise Upston says. “Childhood represents a huge opportunity to set people on a positive path towards living ...19 hours ago
- Government continues work to reinstate livestock exports by sea
The Government is reinstating the trade of livestock exports by sea while ensuring the highest standards of animal welfare, says Associate Minister of Agriculture Andrew Hoggard.“The Government will introduce legislation changes to reinstate the trade, enhance oversight, and strengthen requirements for exporters to identify risks and manage the welfare of ...1 day ago
- Speech to the National Quality Forum 2024
Tēnā koutou katoa – it is a pleasure to be here today. I would like to begin by acknowledging the important leadership role you all play in ensuring a quality health system New Zealanders can trust. There is enormous clinical expertise in this room covering a wide range of disciplines. ...2 days ago
- New Zealand’s COP29 National Statement
Tēnā koutou katoa. Mr President, Excellencies, Delegates. New Zealand, and all nations represented here today, are already dealing with the impacts of climate change. Our households, businesses, and economies are bearing the costs of its effects. The choices we make now will shape the severity of these impacts for generations ...2 days ago
- Latest Quarterly Investment Report released
The Government has released its second Quarterly Investment Report (QIR) which shows substantial work still to be done by agencies to improve investment reporting and meet the Government’s expectations, Infrastructure and Acting Finance Minister Chris Bishop says. “New Zealand has significant infrastructure and investment needs. The Government is determined to get ...2 days ago
- New Zealand supporting loss and damage fund
Climate Change Minister Simon Watts announced New Zealand will contribute NZ$10 million to the new Fund for Responding to Loss and Damage while at the annual United Nations Climate Change Conference (COP29) in Baku, Azerbaijan. “New Zealand is joining the global effort to address the significant challenge of responding to ...2 days ago
- Gang crackdown begins at stroke of midnight
The free ride for gangs is over when the clock strikes midnight tonight, with tough new laws officially coming into effect, Justice Minister Paul Goldsmith and Police Minister Mark Mitchell say. “Gang patches will no longer be able to be worn in public. To earn the right to wear a ...2 days ago
- LGFA increases borrowing capacity to support high growth councils
The Government is welcoming the decision by the Local Government Funding Agency to increase access to financing tools for fast growing councils to support greater investment in critical infrastructure, Local Government Minister Simeon Brown says.“Communities across the country are facing an infrastructure deficit and significant population growth is projected in ...2 days ago
- Temporary Traffic Management costs revealed
The Government has revealed that over the past three years, the New Zealand Transport Agency (NZTA) has spent an eyewatering $786 million of taxpayers’ money on road cones and temporary traffic management (TTM), Transport Minister Simeon Brown says.“When I became Minister, I was surprised to learn that that NZTA did ...2 days ago
- Jurisdiction of Disputes Tribunal to double
Legislation that will double the financial jurisdiction of the Disputes Tribunal from $30,000 to $60,000 has passed first reading in Parliament today, Justice Minister Paul Goldsmith. “We need to improve court timeliness and access to justice so that Kiwis and get on with their lives. Court delays affect everyone, the ...2 days ago
- Protecting New Zealand from foreign interference
Legislation that will specifically criminalise foreign interference and strengthen espionage offences has passed first reading in Parliament today, Justice Minister Paul Goldsmith says. “It is normal and appropriate for states to interact and work to influence one another. This encourages cooperation and can have mutually beneficial outcomes. “However, the reality ...2 days ago
- Significant milestone for Canterbury Road of National Significance
Transport Minister Simeon Brown has welcomed news that the NZ Transport Agency (NZTA) Board has approved funding towards pre-implementation and early works on the State Highway 1 (SH1) Belfast to Pegasus Motorway and Woodend Bypass Road of National Significance (RoNS). “Reaching this significant milestone is a reflection of our Government’s ...2 days ago
- Health survey results to help drive change
Health Minister Dr Shane Reti says findings from the annual Health Survey highlight the need to continue driving better health outcomes for New Zealanders. The New Zealand Health Survey is an annual snapshot of key metrics measured from July 2023 – July 2024. Findings released this morning include: In 2023/24, ...3 days ago
- Final push needed to get to Smokefree 2025
A renewed effort to get people to quit smoking will build on what has worked to date and target the groups who most need support, Associate Health Minister Casey Costello said today. “The latest New Zealand Health Survey results show the daily smoking rate at 6.9 per cent and we ...3 days ago
- New diplomatic appointments
Foreign Affairs Minister Winston Peters has announced four new diplomatic appointments. “Our diplomats play an important role in ensuring New Zealand’s interests are maintained and enhanced across the world,” Mr Peters says. “It is a pleasure to announce the appointment of these senior diplomats from the Ministry of Foreign ...3 days ago
- Next steps for Regulatory Standards Bill
Regulation Minister David Seymour has today announced the next steps in the Government’s plan improve the quality of regulation by opening consultation on a proposed Regulatory Standards Bill. “New Zealand's low wages can be blamed on low productivity, and low productivity can be blamed on poor regulation,” says Mr Seymour. ...3 days ago
- Red Tape Tipline goes live
Minister for Regulation David Seymour has today announced that the Ministry for Regulation’s Red Tape Tipline is now live. “We want to hear about your red tape horror stories. From today, New Zealanders will have a say on how they are regulated through an online portal,” says Mr Seymour. The ...3 days ago
- Youth Parliament 2025 announced
The Minister for Youth Matt Doocey has today announced the eleventh Youth Parliament will be taking place in 2025. “Youth Parliament offers a unique youth development opportunity to young people from across New Zealand to experience the political process and learn about how government works,” says Mr Doocey. “The two-day ...3 days ago
- Police stats show promising change
After nearly a year in Government, Kiwis have seen significant change across law and order with promising early results shown across some Police statistics, says Police Minister Mark Mitchell. “In August 2023, I told New Zealanders that if they had not started to see a change in public safety within ...4 days ago
- Better coordination of anti-scam efforts
With the launch of Fraud Awareness Week, the Government is committing to new coordination efforts across industry and government to combat online scams, Commerce and Consumer Affairs Minister Andrew Bayly says. “Online financial scams are a growing problem for New Zealand. New data released today shows that Kiwis lost nearly ...4 days ago
- Minister to consider 7AA select committee report
Minister for Children Karen Chhour will consider the recommendations made by the Social Services and Community Committee in its report back to Parliament on the Oranga Tamariki (Repeal of Section 7AA) Amendment Bill. “I want to thank the people who made submissions and those who appeared before the committee in ...4 days ago
- Defence Minister to attend ASEAN meeting
Defence Minister Judith Collins will this week attend the Association of Southeast Asian Nations (ASEAN) Defence Ministers’ Meeting-Plus in Vientiane, Laos. “We need to take every opportunity to engage with our international partners, given the increasingly unstable geo-political situation,” Ms Collins says. “New Zealand has a long-standing commitment to this ...4 days ago
- Launching the White Ribbon Ride
The Minister for the Prevention of Family and Sexual Violence, Karen Chhour, was on hand to wish riders well at the start of the North Island leg of the White Ribbon Ride in Whakatāne this morning. The ride helps mark the International Day for the Elimination of Violence against Women, ...4 days ago
- Construction to begin on next stage of Papakura to Drury
Construction on the next stage of the SH1 Papakura to Drury project will begin early next month, with the contract for works awarded to Fulton Hogan, Transport Minister Simeon Brown says. "SH1 Papakura to Drury is a key project that will drive economic growth and productivity, reduce congestion, and enable people ...6 days ago
- NZ signs trade deal with Costa Rica, Iceland and Switzerland
Trade and Agriculture Minister Todd McClay has signed a pioneering trade agreement that prioritises New Zealand’s sustainable exports at a ceremony during APEC in Peru today. “The Agreement on Trade and Sustainability (ACCTS), between Costa Rica, Iceland, and Switzerland was concluded in July of this year and opens up significant ...6 days ago
- Government and iwi work together on aquaculture
Five new Aquaculture Settlement Areas will help ensure Ngāi Tahu shares in the opportunities aquaculture offers for Southland’s economy, Oceans and Fisheries Minister Shane Jones says. “The Aquaculture Settlement Areas (ASAs) I’m announcing today set aside space so the Crown and Ngāi Tahu can assess their potential for aquaculture development. ...6 days ago
- Government launches review to ensure electricity market is fit-for-purpose
The terms of reference for a review of the performance of the electricity market have been released. The review, initiated by the Coalition Government during the power crisis in winter will look at whether current regulations and market design support economic growth and access to reliable and affordable electricity, Energy Minister ...7 days ago
- Speech to Social Investment Hui: Jack and his whānau need our help
Kia ora koutou katoa. Nau mai, haere mai, piki mai. Ki te mihi atu ahau, ki te manwhenua nei, Te Atiawa, Ngāti toa rangatira, tēnā koutou, tēnā koutou, tēnā koutou katoa. Thank you, Andy, for your introduction. Let me acknowledge you as the new Chief Executive of the Social Investment ...7 days ago
- Minister of State for Trade heads to Brisbane for PACER Plus meeting
Minister of State for Trade Nicola Grigg has travelled to Australia to attend the PACER Plus Ministers Meeting in Brisbane. “Trade plays a critical role in driving employment, economic growth, and improving the standards of living in the Pacific Region. The Government is strongly committed to supporting Pacific Island countries ...7 days ago
- Proposals to modernise conservation released
Toitū te taiao – Our environment endures The Government is consulting on proposals to modernise New Zealand’s conservation management system, aiming to protect relevant natural areas while supporting sustainable growth in tourism and regional economies, Conservation Minister Tama Potaka says. “Today, the Department of Conservation – Te Papa Atawhai is ...7 days ago
- Grattan on Friday: Marles plays a defensive bat on nuclear as the government rushes to get though la...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Richard Marles is an ambitious man who hasn’t given up the dream of one day reaching the top job. But, despite being deputy prime minister, his profile is much lower than that of Treasurer Jim ...3 hours ago - NEW POLL: Kiwis Overwhelmingly Support MPs’ Expenses Transparency Law Change
62% of respondents support the extension of the OIA to cover MPs’ spending, compared to just 13% opposed and 24% were unsure. ...5 hours ago - The House: Meanwhile, a week of passing law
The political week has been packed with worthy distractions, but all week Parliament has focused on passing new laws. Here are the highlights. ...5 hours ago - The biggest difference between Hīkoi mō te Tiriti and past hīkoi: More support from non-Māori
Analysis - The diversity of voices during the hīkoi was noticeable - from tangata moana to young immigrants to elderly Pākehā from the South Island. ...6 hours ago
- The House: Samoan citizenship restoration – ‘It means we belong to this land’
When the bill to restore NZ citizenship to some Samoans passed this week, Parliament's galleries were full to the brim with members of the community. ...7 hours ago
- More Delays In Action On Use Of Puberty Blockers With Children
Women’s Rights Party Co-leader Jill Ovens says the Ministry has put New Zealand children at risk by continuing to allow “off-label” prescribing of puberty blockers at far higher rates than other similar countries. ...8 hours ago
- Police Minister adamant he wasn’t aware of gang members training at gun clubs
That is despite two papers from police that raised the matter with him. ...8 hours ago
- Shorten declares himself ‘a proud moderate’, saying Australians ‘in the middle’ shouldn’t ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Bill Shorten has declared himself “a proud moderate” in a valedictory speech declaring parliament has the responsibility to ensure the extremes of left and right do not set the terms of political debate. Shorten, ...8 hours ago
- New ‘best practice’ principles for superannuation products are coming. We asked a panel of exper...
Source: The Conversation (Au and NZ) – By Matt Garrow, Editorial Web Developer Studio Romantic/Shutterstock We all know how important it is to save enough money for retirement – but what about spending it wisely when we get there? Even for those who have built up a suitable ...8 hours ago
- Government accused of betraying Kiwis’ trust over lack of consultation on live exports
The government has always vowed to reinstate live exports by sea, which was banned by the previous Labour government. ...9 hours ago
- 7 things you can do if you think you sweat too much
Source: The Conversation (Au and NZ) – By Michael Freeman, Associate Professor of Dermatology, Bond University ERIK Miheyeu/Shutterstock Sweating is our body’s way of cooling down, a bit like an internal air conditioner. When our core temperature rises (because it’s hot outside, or you’re exercising), sweat glands all ...9 hours ago
- Phenergan for under 6s is now banned due to hallucination fears. Here’s what to use instead
Source: The Conversation (Au and NZ) – By Nial Wheate, Professor of Pharmaceutical Chemistry, Macquarie University Australia’s drug regulator has issued a safety warning over the medicine Phenergan and related products containing the antihistamine drug promethazine. The Therapeutic Goods Administration said the over-the-counter products should not be given to children ...9 hours ago
- A new stage adaptation of Peter Carey’s Jack Maggs is a delightful homage to theatrical storytelli...
Source: The Conversation (Au and NZ) – By Catherine Campbell, Lecturer, Performing Arts, UniSA Creative, University of South Australia Matt Byrne/STCSA Jack Maggs is a delight and a homage to theatrical storytelling in Australia. Based on Peter Carey’s bestselling novel, Jack Maggs follows the ex-convict as he lands ...9 hours ago
- The government has introduced laws for its social media ban. But key details are still missing
Source: The Conversation (Au and NZ) – By Daniel Angus, Professor of Digital Communication, Director of QUT Digital Media Research Centre, Queensland University of Technology Ron Lach/Pexels The federal government today introduced into parliament legislation for its social media ban for people under 16 years. Communications Minister Michelle ...9 hours ago
- Archives NZ, National Library to cut 27 roles
The Department of Internal Affairs wants to bring the two organisations under the joint leadership of the Chief Archivist and National Librarian. ...10 hours ago
- Gang patch ban: Members warn of potential for violence to ‘erupt’ as new laws enforced
"I can't see this lasting unless they have a budget to lock fullas up in jail which I think is absolutely stupid, really it's ludicrous," Ngavii Pekapo, who set up a Mongrel Mob chapter 54 years ago, says. ...10 hours ago
- ACT leader David Seymour raises doubts about Waikato medical school
Government documents show ACT leader David Seymour told the government he was "dissatisfied" with a cost-benefit analysis. ...10 hours ago
- National’s Erica Stanford allegedly calls Labour’s Jan Tinetti a ‘stupid bitchR...
The Education Minister has apologised in Parliament for her remark. ...10 hours ago
- Labour backs new Police Commissioner – but warns against routine arming
The alternative to policing by consent would be a police state, which New Zealanders don't want, the party says. ...11 hours ago
- Youth on boot camp pilot re-offended five weeks after release
Children's Minister Karen Chhour said while it was disappointing, it would naïve to think none of the participants would lapse. ...12 hours ago
- In photos: People of the hīkoi, and why they marched
Hikoi mō Te Tiriti has come to an end, going down in history as the largest march to Parliament in Aotearoa. ...12 hours ago
- ‘Everything is becoming a culture war’: Jon Ronson on conspiracies and cycleways
Ahead of his appearance in Aotearoa, the acclaimed British journalist, podcaster and documentarian talks to Stewart Sowman-Lund about why people are still fascinated by the fringes. The last place I would expect to find Jon Ronson is relaxing in the countryside. The iconic British journalist and writer is best known ...13 hours ago - Kia kaha Lebanon: NZ media only tell half your story of struggle
The United States has vetoed a UN Security Council ceasefire resolution — for the fourth time — in Israel’s war on Gaza, while Hezbollah demands a complete ceasefire and “protection of Lebanon’s sovereignty” in any deal with Israel. Amid the death and devastation, Joe Hendren reflects on his time in ...13 hours ago
- ‘Deserves a Bafta’: After the Party premieres in the UK to five-star reviews
The acclaimed New Zealand drama has just premiered on TV in the United Kingdom, and the five-star reviews are already flowing in. Six months after it was called a “blistering” “tour de force” by Australian critics, and nearly a year since The Spinoff declared it the best drama New Zealand ...13 hours ago
- Drugs are getting cheaper and easier to find in Aotearoa
New Zealanders are drinking and smoking less, but most other recreational drugs are becoming cheaper, more popular and more available, two new reports show. Two significant new surveys about drugs in Aotearoa were released this week, offering a rare insight into New Zealanders’ choice of substances, which ones are becoming ...13 hours ago
- COP29: ‘climate finance’ for the Pacific is mostly loans, saddling small island nations with mor...
Source: The Conversation (Au and NZ) – By Steven Ratuva, Director, Macmillan Brown Centre for Pacific Studies, University of Canterbury Lenora Qereqeretabua, the deputy speaker of Fiji’s Parliament, at the COP29 climate summit. IISD/ENB/Mike Muzurakis, CC BY-SA As this year’s UN climate summit reaches its final stage of negotiations, Pacific ...14 hours ago
- Review: The magic of Wicked and the curse of corporate greed
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- Dame Jacinda Ardern to be given United Nations leadership award
She will get the champion for global change award from the United Nations Foundation at a ceremony in New York tomorrow. ...16 hours ago
- NZ will resume live animal exports – to low demand
Analysis: NZ is lifting what was supposed to be a permanent ban on live animal exports. But it’s not the lucrative industry it once was. The post NZ will resume live animal exports – to low demand appeared first on Newsroom. ...16 hours ago - Financial forms of family violence affect one in seven of us – but the law is lagging
There are calls for New Zealand’s Family Violence Act to name economic harm as a standalone type of violence, rather than a subcategory of psychological abuse, to bring it in line with the United Kingdom and Australia. Economic harm – restricting access to, sabotaging or exploiting another person’s financial resources, ...16 hours ago
- Downside Risks To Treasury’s Economic And Fiscal Forecasts
New Zealand is currently running a structural fiscal deficit, with expenditure exceeding revenue. Economic growth falling short of expectations has been making it harder for the Government to bring the books back into balance. ...17 hours ago
- Science continues to exclude Indigenous communities. Fixing this benefits everyone
Source: The Conversation (Au and NZ) – By Jordan Peter Anthony Pitt, Associate Dean of Indigenous Strategy and Services (Faculty of Science), University of Sydney An enduring challenge facing science around the world is how to best include and engage Indigenous communities. In Australia, for example, 0.5% of Indigenous ...17 hours ago
- Why is cricket so popular on the Indian sub-continent?
Source: The Conversation (Au and NZ) – By Vaughan Cruickshank, Senior Lecturer in Health and Physical Education, University of Tasmania Cricket originated in England, but has been spread worldwide by British soldiers and settlers in the past few hundred years. It is now the second most popular sport in ...17 hours ago
- Disinformation and deepfakes played a part in the US election. Australia should expect the same
Source: The Conversation (Au and NZ) – By Renee Barnes, Associate professor of Journalism, University of the Sunshine Coast Mladen Zivkovic/Shutterstock As America takes stock after Donald Trump’s re-election to the presidency, it’s worth highlighting the AI-generated fake photos, videos and audio shared during the campaign. A slew ...17 hours ago
- Is thunderstorm asthma becoming more common?
Source: The Conversation (Au and NZ) – By Kira Morgan Hughes, PhD Candidate in Allergy and Asthma, School of Life and Environmental Sciences, Deakin University When spring arrives, so do warnings about thunderstorm asthma. But a decade ago, most of us hadn’t heard of it. So where did thunderstorm asthma ...17 hours ago
- Overwhelmed by ever more clothing donations, charities are exporting the problem. Local governments ...
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- Friendly fire: a nuclear push by allies at COP29 poses a sticky problem for Albanese
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- Nugget Is Dead brings queer love, multiculturalism and Aussie flair to the Christmas movie formula
Source: The Conversation (Au and NZ) – By Phoebe Hart, Associate Professor, Film Screen & Animation, Queensland University of Technology Julia Firak Stan’s new Christmas film Nugget is Dead is a colourful production that follows the rules of the seasonal genre film to a tee – with an Aussie ...17 hours ago
- Help Me Hera: Should I cut contact with my ex-stepdad?
My parents are finally getting divorced. So why do I feel like my stepdad’s feelings are still my problem? Want Hera’s help? Email your problem to helpme@thespinoff.co.nz Dear Hera My parents recently announced their separation. This in itself isn’t a problem. I’ve already gone through this once before in my early childhood, so ...18 hours ago
- New Zealand Drops In Global Ranking On Climate Action
If the government won’t hold polluters to account, then people will. People are increasingly taking to the streets and the courtrooms, putting their bodies on the line to shut down polluting industries. This will only escalate further unless New ...18 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