Asia Pacific News

Evergrande woes and what it may mean for New Zealand?

Over the past week, concern has been growing about the bad debts being carried by China’s largest property developer Evergrande. Evergrande is carrying around $447 billion (US$315b) in debt. With Chinese households holding more than 60 per cent of their wealth in the form of property, a default by Evergrande could trigger a much broader […]

Further NZ$12 million of support for Fiji’s COVID-19 response

A further NZ$12 million of support for Fiji’s COVID-19 response has been announced by Foreign Minister Hon Nanaia Mahuta today. The package builds on previous tranches of assistance New Zealand has provided to Fiji, totalling over NZ$50 million. The new package will support ongoing equipment and supply needs, including testing capacity, oxygen supply and Personal […]

South Korea will submit a bill to ratify RCEP agreement.

South Korea plans to submit a bill to ratify the Regional Comprehensive Economic Partnership (RCEP), joining New Zealand, China, Australia and the ASIAN countries. RCEP, creates the world’s biggest trade block covering around 30% of global gross domestic product and around 2.2 billion people. New Zealand and South Korea already have a comprehensive free trade […]

New Zealand and China’s Covid19 Delta experiance

In 2020 New Zealand and China both took a hardline stance on Covid19, aiming for eradication of the virus. The strategy worked well for both countries, with only limited isolated outbreaks through out the later half of 2020 and early 2021. Both countries benefited from their handing of the virus enjoying stronger economic growth than […]