Skip to main content

NZ needs to avoid potholes in China's Belt and Road Initiative 

It is estimated that China will invest as much as US$2.5 trillion ($3.5t) in infrastructure across the region during the next decade. Picture / Getty Images

By: Liam Dann

NZ Herald Business Editor at Large @liamdann

New Zealand's preferential position in the Chinese market is at risk unless we actively pursue our place in its epic Belt and Road Initiative, says a report by PWC.

Commissioned by the New Zealand China Council, Belt and Road Initiative is pitched as a first step toward a strategic plan to maximise the benefits of Beijing's massive global infrastructure push.

The Belt and Road Initiative (BRI) was announced in 2013 by President Xi Jinping, who described it as the project of the century.

It seeks to enhance economic growth across the traditional Chinese trade routes – over land to Europe and by sea down through the Pacific.


Advertise with NZME.

It is estimated that China will invest as much as US$2.5 trillion ($3.5t) in infrastructure across the region during the next decade.

"The relationship we have with China has grown incredibly rapidly under the impetus of the Free Trade agreement," said New Zealand China Council chief executive Stephen Jacobi. "But some new momentum is needed."

The reason for that was other nations were staking their positions with trade deals and positioning themselves in the framework of the BRI.

Planned projects like a fast rail link from Beijing to Europe had the potential to shift the balance in trade with China, Jacobi said.

"It requires us to take another strategic look at what we can do with China, particularly as Belt and Road becomes the prism through which China looks at the rest of the world."

The massive investment in infrastructure through the region was likely to be focused on developing nations rather than countries like New Zealand, Jacobi said


Popular posts from this blog

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

China’s 'Digital Silk Road': Pitfalls Among High Hopes

Will information and communication technologies help China realize its Digital Silk Road?By Wenyuan WuNovember 03, 2017In his speech at the opening ceremony of China’s 19th Party Congress, President Xi Jinping depicted China as a model of scientific and harmonious development for developing nations. Xi’s China wants to engage the world through commerce but also through environmental protection and technological advancement. This includes Beijing’s efforts to fight climate change with information and communication technologies (ICTs) that it plans to export along its “One Belt One Road” initiative (OBOR). Xi may have ambitious plans, but could China be throwing up obstacles in its own way?In his speech, the Chinese president emphasized the need to modernize the country’s environmental protections. The Chinese state is taking an “ecological civilization” approach to development and diplomacy, with a natio…