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Comments on: Some good news for New Zealand http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/ The Visible Hand in Economics Sat, 28 Nov 2009 22:07:34 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Bjorn Gernstein http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22077 Sat, 28 Nov 2009 22:07:34 +0000 http://www.tvhe.co.nz/?p=4485#comment-22077 China is a sleeping giant, but it begins to stir. Not too long in the future it will import next to nothing while exporting nearly everything. I think we should be worried.

]]> By: Calgary web http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22050 Wed, 25 Nov 2009 22:02:40 +0000 http://www.tvhe.co.nz/?p=4485#comment-22050 i would say that NZ is in a great position to provide a huge amount of exports to the growing Giant, you guys just need to understand how to capitalize on it. Lactose or not!

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22047 Wed, 25 Nov 2009 20:13:44 +0000 http://www.tvhe.co.nz/?p=4485#comment-22047 @Miguel Sanchez

All this coding stuff sucks, not a fan 😉

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22023 Tue, 24 Nov 2009 09:37:39 +0000 http://www.tvhe.co.nz/?p=4485#comment-22023 Food technologists are already on top of it – for example in Finland, which has a high rate of intolerance, they’ve developed a way to remove most lactose from milk. Anyway, lactose intolerance generally isn’t widespread before adolescence, and I gather that China’s push to drink more milk is largely aimed at children.

]]> By: Bill Bennett http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22021 Tue, 24 Nov 2009 08:29:59 +0000 http://www.tvhe.co.nz/?p=4485#comment-22021 @Paul Walker
Well yes, but China’s appetite for food is immense and that’s what we do really well. Mind you I understand Chinese have a problem digesting milk – can’t we put our food technologists on to that?

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22009 Mon, 23 Nov 2009 23:40:32 +0000 http://www.tvhe.co.nz/?p=4485#comment-22009 As you can see, I am failing to get to grips with this html stuff.

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22008 Mon, 23 Nov 2009 23:31:37 +0000 http://www.tvhe.co.nz/?p=4485#comment-22008

Paul Walker :

Yes but it will take a long time before the income per capita of China and India reach the levels of the US and the EU, so the US and EU will still be big importers of our products and India and China less so.

It’s not like there’s a substitution going on. Our Anglo markets are growing and our Asian markets are growing faster.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22005 Mon, 23 Nov 2009 23:19:47 +0000 http://www.tvhe.co.nz/?p=4485#comment-22005 @Paul Walker

Yes the US and EU will remain important, and yes Chinese and Indian per capita GDP is a long way below US and EU per capita income.

However, we have already seen our trade position switch sharply towards Asia – nearly 25% of our trade now goes to Asia ex Aussie!

Given the faster growth in total income in Asia (which is what matters given that we are looking at commodity demand) and given that it is cheaper to ship to Asia then to the US or EU this is a positive structural development for NZ.

]]> By: Paul Walker http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22004 Mon, 23 Nov 2009 23:15:10 +0000 http://www.tvhe.co.nz/?p=4485#comment-22004

Matt Nolan :
@steve
Spot on comment Steve, spot on.

Yes but it will take a long time before the income per capita of China and India reach the levels of the US and the EU, so the US and EU will still be big importers of our products and India and China less so.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/#comment-22002 Mon, 23 Nov 2009 23:11:45 +0000 http://www.tvhe.co.nz/?p=4485#comment-22002 @steve

Spot on comment Steve, spot on.

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