The Reserve Bank of New Zealand has published analytical notes on economic linkages between China and New Zealand.
Bloomberg reports:
- New Zealand’s “most significant economic linkage to China” may be via terms of trade rather than direct trade channel
- China has contributed both to higher export prices (demand increasing in China) and lower import prices (China’s increasing industrialisation) in New Zealand
- “If Chinese growth were to slow markedly, demand for New Zealand’s exports may be relatively robust if consumption continues to grow, but demand for capital goods and industrial raw materials from the rest of the world could be expected to slow significantly”
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