New Zealand Still Optimistic About China Trade

Trade Minister Todd McClay, in China this week, says he’s optimistic about New Zealand’s chances of expanding its exports there, despite its debt-ridden property and government sectors. He pointed to the forecast of 4.5 percent economic growth this year and next for the Asian nation. “For many countries in the world, that is something they would like,” Mr. McClay said. “Growing our trade relationships and exports will boost New Zealand’s economy, and it is only through a strong economy we can lift incomes, reduce the cost of living, and afford the public services Kiwis deserve.” This will be the government’s first trip to China this term. It is the biggest market for New Zealand, taking 22 percent of its goods and services exports in 2023....