Another business push towards the China market
Boosting business with China is on the agenda today at the first China Business Summit in Auckland.
The Auckland chamber of commerce-hosted event comes a day after a Tourism Industry Association summit considered the health of that industry.
Operators at the TIA event were encouraged to focus their attention on Asia and the booming economy of China.
Westpac chief economist Dominick Stephens told audiences China's growth had dipped this year to 7.6%, but he expects it to rebound over 8% next year.
Fonterra ceo Theo Spierings will speak at today’s event, as will Mainfreight ceo Don Braid, China investment strategist David Mahon and economic development minister Steven Joyce.
Chamber of commerce ceo Michael Barnett says China is set to become the world’s largest economy within a decade.
China’s transformation into a consumption-led, innovative economy will present new opportunities for New Zealand businesses to cater for that expansion.
Mr Barnett says those emerging businesses looking to break into the Chinese market will be paired up during a panel discussion with other companies which are already trading with China, including dairy processor Synlait.