trading relations. New Zealand's with China, Australia, EU, USA, ...

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Fred99

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#2614634 2-Dec-2020 11:22

Batman:

*apparently no one knows the details of the deal so if anyone has the details then we can talk pros and cons

*read this on either stuff or nzherald

The day after you posted that in response to a question by @gzt, there was reasonably good (IMO) summary of pros and cons here:

https://www.interest.co.nz/rural-news/102456/guy-trafford-reviews-what-has-been-won-and-lost-recent-signing-rcep-and-upgraded

There wasn't much about it in the mainstream media.

kingdragonfly

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#2614677 2-Dec-2020 12:38

Fred99: https://www.interest.co.nz/rural-news/102456/guy-trafford-reviews-what-has-been-won-and-lost-recent-signing-rcep-and-upgraded

"Guy Trafford reviews what has been won (and lost) in the recent signing of the RCEP, and the upgraded China free trade deal": Good article

kingdragonfly

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#2625762 23-Dec-2020 10:30

China has cut Australian coal imports resulting in power shortages. Neither country wins in this scenario, but China has to save face at any cost.

ABC.net.au: China's power supply is struggling as winter temperatures plunge. Is the ban on Australian coal to blame?

...Power outages have returned to some parts of the China, conjuring memories of China's old command economy, where resource rationing was a part of daily life.

Chinese social media has seen tens of thousands of posts complaining about the new electricity restrictions in the country's central and eastern provinces of Hunan and Zhejiang, which have been viewed more than 150 million times on the platform Weibo.

News of the restrictions comes amid a burgeoning trade spat between Australia and China, in which Australian coal appears to have effectively been barred from Chinese ports.

By November, more than 60 vessels carrying Australian thermal coal were held up in Chinese waters because they weren't able to offload their cargo, according to Bloomberg shipping analysis data.

So do China's recent energy woes have anything to do with its sanctions on Australia, or is it just an awkward coincidence?...

kingdragonfly

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#2629978 4-Jan-2021 08:25

New York Times: China Says It Remains Open to the World, but Wants to Dictate Terms

China’s leader, Xi Jinping, is pursuing a strategy to make the country’s economy more self-sufficient, while making other places more dependent on it than ever.

After Australia dared last spring to call for an investigation into the origins of the coronavirus, China began quietly blocking one import after another from Australia — coal, wine, barley and cotton — in violation of free-trade norms. Then this month, with no clear explanation, China left $3 million worth of Australian rock lobsters dying in Shanghai customs.

Australia nonetheless joined 14 Asian nations and just signed a new regional free-trade deal brokered by China. The agreement covers nearly a third of the world’s population and output, reinforcing China’s position as the dominant economic and diplomatic power in Asia.

It’s globalization with Communist characteristics: The Chinese government promotes the country’s openness to the world, even as it adopts increasingly aggressive and at times punitive policies that force countries to play by its rules.

With the United States and others wary of its growing dominance in areas like technology, China wants to become less dependent on the world for its own needs, while making the world as dependent as possible on China.

“China wants what other great powers do,” said Yun Jiang, a researcher and editor of the China Story at the Australian National University. “It wants to follow international rules and norms when it is in its interest, and disregard rules and norms when the circumstances suit it.”

China’s strategy is born out of strength. The coronavirus has practically disappeared within its borders. The country’s economy is growing strongly. And China’s manufacturing sector has become the world’s largest by a wide margin, leaving other nations heavily dependent on it for everything from medical gear to advanced electronics.
...

kingdragonfly

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#2644294 30-Jan-2021 08:09

This irritates me. Mentioned is China pissed at Australia for banning Chinese 5G tech, and daring to ask for an independent investigation of COVID.

Getting congratulated for allowing more Chinese investors to buy up assets more easily than Australia is also worrisome. In this picture, guess which one is China?

News Hub: Daily Telegraph newspaper's 'New Xi-land' jab as China declares New Zealand 'an example for Australia'

"But what has caused such a huge difference between Australia and New Zealand in their development of relations with China in recent years?" Sheng asks.

"First, New Zealand respects rules of the market economy more than Australia does,"

Second, Wellington doesn't take sides between Beijing and Washington"

gzt

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#2644428 30-Jan-2021 15:35

"But what has caused such a huge difference between Australia and New Zealand in their development of relations with China in recent years?" Sheng asks.

Prime Minister Morrison followed Trump into this whole trade problems thing. It's usual for Australia to follow USA - but the degree to which Morrison followed Trump in was basically incompetent. I expect Morrison will be chucked out at the next election. Pretending to be at home during the bushfire crisis when he was in Hawaii and generally not being on it is a good enough reason for that. I expect there will be plenty more reasons unrelated to these two things.

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Handle9

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#2644435 30-Jan-2021 16:08

gzt:
"But what has caused such a huge difference between Australia and New Zealand in their development of relations with China in recent years?" Sheng asks.

Prime Minister Morrison followed Trump into this whole trade problems thing. It's usual for Australia to follow USA - but the degree to which Morrison followed Trump in was basically incompetent. I expect Morrison will be chucked out at the next election. Pretending to be at home during the bushfire crisis when he was in Hawaii and generally not being on it is a good enough reason for that. I expect there will be plenty more reasons unrelated to these two things.

He's got a 66% approval rating. Seems like the Australian people think he's doing a pretty good job

kingdragonfly

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#2647657 4-Feb-2021 21:05

I wasn't actually sure where to post this. A lot of it is around COVID, but near the end heavily focuses on China.

Everything's connected.

Lots of insight how many are betting on long-term reductions in global shipping, which is bad news for New Zealand.

Why are Billions of Dollars Worth of Ships Being Intentionally Destroyed?

Economics Explained

gzt

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#2648012 5-Feb-2021 07:56

He's got a 66% approval rating. Seems like the Australian people think he's doing a pretty good job

Oh that surprised me. Turns out he started listening to the science on covid and is being relatively sensible in that area. Now he's popular. I guess it's possible he can sustain that all the way until the next election. It's a long time. Maybe depends on the quality of the opposition coming up to the next election and how fast Morrison can u-turn on some of the trade stuff.

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