Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


PwC is calling for NZ and Chinese businesses to harness year

Today marks the start of the Chinese New Year. We are entering the Year of the Horse which is characterised by its grace, hard work and dedication. PwC New Zealand is calling for New Zealand and Chinese businesses to harness these qualities and enhance their business relationships and develop stronger engagement between the two countries.

“Relationships between New Zealand and China have really matured over the past few years, and we, at PwC, wish to see the level of trade and investment take off even further, and should I say, to gallop ahead with the Year of the Horse,” says PwC New Zealand Partner and China Sector Lead Colum Rice.

“We can expect the New Zealand Government to work even harder on its relationships with China, and I am sure we will see more engagements between the two countries. The Governmental foundation then gives a base for companies to work from as we continue to try to make the most of the opportunities that New Zealand has with China.

“From our Annual Global CEO Survey, we know New Zealand and Chinese CEOs are more confident about the future and we’ve seen over the last six months how more New Zealand businesses – small, medium or large – have started to think differently about China. This is very encouraging. We have also noted a different level of maturity in our relationships with our no 1 trading partner as businesses have come to a realisation that, as a business driver, China is here to stay. New Zealand businesses are thinking bigger and thinking longer term and investing more to turn opportunities into action,” adds Mr Rice.

Chinese businesses have also shown their focus on growth under the country’s ‘Go Global’ strategy and as such, have been more interested in New Zealand to better understand technology, know how, brands and products. Chinese companies are looking to work with New Zealand businesses to bring back products and services relevant to the Chinese domestic consumer market. They do look for long-term business partnership and cooperation, as well as to invest in overseas opportunities.

“Chinese companies look for long-term business partnership and cooperation, but we need to remind ourselves that New Zealand is constantly in competition with other countries to capture the opportunities in China. We need to demonstrate how New Zealand is well suited to partner with China. We are encouraged by the progress we, as a country, have made since the Free Trade Agreement in 2008 and since the launch of the New Zealand China Strategy in February 2012.

“2014, the Year of the Horse, is the year where with focus and perseverance, we can make a difference and cement our business engagement with China,” concludes Mr Rice.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news