Doing business with China in an era of global rivalry | Herald NOW Business

Doing business with China in an era of global rivalry | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"NZ-China Relations Under Strain","summary":"New Zealand's economic relationship with China, valued at $20 billion in exports, remains crucial despite global rivalry. Businesses are navigating a complex environment as geopolitical tensions reshape global commerce."},{"timeSeconds":26,"label":"Taiwan Risk Appears Low","summary":"James Laurenceson, director of the Australia-China Relations Institute, discusses the risk of a Taiwan invasion. He believes it's not highly likely due to the geographical challenges and potential political fallout for China."},{"timeSeconds":125,"label":"Navigating Global Volatility","summary":"Businesses globally are adapting to a volatile 2024, with geopolitical tensions creating uncertainty. Laurenceson notes that while China's economy is slowing, its demand for goods remains significant."},{"timeSeconds":202,"label":"Trade Diversity is NZ's Strength","summary":"New Zealand and Australia have weathered China's economic sanctions relatively well. Their trade diversity means they are not overly reliant on China for specific exports."},{"timeSeconds":243,"label":"Trade Agreements on Par","summary":"New Zealand's trade agreements with China are considered on par with Australia's. While China is a major importer of agricultural and mineral products, New Zealand and Australia are in direct competition."},{"timeSeconds":354,"label":"China's Trade Pressure","summary":"China's economic pressure on countries like Australia, which has seen bans on certain goods, highlights the potential risks. However, New Zealand and Australia are not being asked to choose between the two powers."},{"timeSeconds":401,"label":"Trade Relationships Working Well","summary":"Despite geopolitical tensions, New Zealand and Australia's trade relationships with China are functioning well. China remains a significant importer of key products from both nations."},{"timeSeconds":453,"label":"Interview with James Laurenceson","summary":"The video concludes with a discussion between Garth Bray and James Laurenceson, Director of the Australia-China Relations Institute, about the complexities of doing business with China in the current global climate."}]} <!--/mynz:youtube-chapters-->