China

The veracity of Chinese steel dumping and trade threats

Depending on who you listen to, the whole Chinese steel issue is one big beat-up, or it is an area of true concern.

The Government’s sensitivity over the relationship with China was  evident yesterday as Ministers retreated into no comments over allegations that China was threatening trade reprisals on New Zealand.

The threats emerged in the “Sunday Star Times” which claimed that highly-placed sources confirmed China was applying pressure in an attempt to sway regulators at the Ministry of Business, Innovation and Trade (MBIE) away from imposing anti-dumping or countervailing duties on cheap imported Chinese steel.

The paper also quoted “unscreened” comments from China’s Ambassador to New Zealand, Wang Lutong who said there was no issue with the imported steel quality but the embassy had been discussing the industry’s concerns with New Zealand authorities.

Questions to MBIE Minister Steven Joyce on the issue were referred to Commerce Minister Paul Goldsmith, who would not confirm or deny whether a complaint from China had been received.

It has been clear since Whaleoil broke this story on Saturday that people at all levels are trying to hose this one down, but rather unsuccessfully.

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NZ exports to China hang in the balance as NZ toy with WTO complaint

via ABC

via ABC

Whaleoil broke the story via the Tipline over the weekend, and the SST followed up.  Overnight, our Tipline produced more background information.  Like before, this is to be considered unverified and the personal opinion of the tipster.

BlueScope (BS) also has steel making facilities in mainland China.

Be interesting to see what pressure is applied to BS senior management there.

BS corporate HQ would have been very aware of the issues/counter measures China would throw at BS by initiating this WTO inquiry angle. Read more »

China to go nuclear on NZ for steel dumping WTO complaint

Caution:  the following was received via the Tipline and it hasn’t been vetted.  As a result, it needs to be taken as the personal opinion and observations of its author

As above, I was at at a meeting today and it was revealed that Pacific Steel NZ (a Bluescope subsidiary) has lodged a WTO steel dumping complaint against communist China.

Word is/was(unverified/researched) that China, our FTA partner is furious with not only Bluescope, but the NZ Govt.

Threats of Chinese blacklisting of NZ primary products were mentioned.

I personally have been anticipating a diplomatic/trade over reaction from China against a supposed NZ affront to China since the signing of the NZ/China FTA.

Communist China has a history of diplomatic blundering for 70 years now. Read more »

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First Key didn’t get his flag, now he’s not getting his panda

Looks like people are getting used to saying no to John Key. He won’t be liking that.

Snow leopards, wombats and ring-tailed lemurs are all in Wellington Zoo’s future, but don’t expect to see giant pandas chewing bamboo in the capital any time soon.

The zoo has revealed its priorities for the next decade in a report to Wellington City Council – and conspicuous by its absence was any mention of getting a deal done to acquire giant pandas from China.

Chief executive Karen Fifield said on Thursday that the zoo had plenty of rare animals on its wish-list, but it was not preparing a business case or engaging in talks with the Government about giant pandas.   Read more »

Face of the day

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Mr Wu was allegedly assaulted by three officers inside a courtroom, in front of two judges who rejected his request to file a case in the district court of Nanning PHOTO-Wu Liangshu

Today’s face of the day Wu Liangshu stood in the Qingxiu District Court wearing the remnants of his suit with his bare leg and underpants showing.

…He and other lawyers were telling court officials that he had been assaulted by three officers inside a courtroom in front of two judges who also happened to reject his request to file a case in the district court of Nanning in Guangxi Province.

Mr Wu was offered a new set of clothes but he knew the power of what he was about to do. “No thanks,” he said.

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Just apologise Labour

Dr Jian Yang, the only Chinese MP in the House giving Labour both barrels over Chinky-gate, and suggesting Andrew Little and Phil Twyford apologise.

He speaks with a heavy accent, but otherwise his English is brilliant, and this was a real slap in the face for Little and Twyford.   Read more »

Any minute now a taniwha is going to turn up

A Whangarei hapū are angry over sale of Porotī spring water to China:

While the ownership of water is yet to be determined, local government is allowing it to be sold commercially overseas.

That is why local hapū are up in arms over an Auckland-based company selling water from Poroti Springs to China.

Poroti hapū are angry that Auckland-based Company Zodiac Holdings Limited has been given the go ahead to sell their water supply.

So a New Zealand company, owned by a New Zealander (see company office), is exporting to China and local Maori are angry.

“Now Zodiac have up to two and a half cubic metres a day and they want to sell it to China so we don’t get ten cents and there’s no revenue whatsoever for our hapū.  Not that we want to sell the water but we just want to participate and share.  We actually have to pay for our own water,” says Ruka.

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Key gets grilled in China

Newshub Political Reporter Lloyd Burr was travelling with the Prime Minister and when he sat down with him in Xi’an, started by asking how worried he is about China’s economy hitting a Great Wall…

John Key: We can see issues in the Chinese economy, particularly around some of the loans they’ve got, some of the regional banks and some of the lending overall, but we tend to be on the slightly more optimistic side. I mean, the Chinese leadership have been telling us they expect to grow at about 6.5 percent. They grew at 6.7 percent for the first quarter. And we certainly still continue to see, as I say, demand on the consumer side for what we’re selling, so, look, let’s wait and see, but in the best assessment we’ve got, it’s still tracking along reasonably okay.

Lloyd Burr: That downturn must be worrying, especially since the high in 2014, and when President Xi came to visit in New Zealand, he said, I think his quote was, ‘There’s more Chinese demand than you can possibly supply,’ but that sort of hasn’t run true, has it?

Well, no, I think he’s actually right if you think about the fact they’ve probably got about two or three hundred million middle-income consumers. They have 1.4 billion people, and the big challenge for the Chinese administration is to take that billion-plus people out of very low levels of income and put them into middle-income consumers. That will happen. The question is just how long it takes to happen.

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Builders and Wreckers: Key and Little

Last week could not have provided a more obvious contrast between the choice that voters face.  Key worked hard to earn money for us all by charming the pants off existing and new trading partners in China. Little, on the other hand, ran smear after smear.

Prime Minister John Key is due to arrive back from his trip to China [today], but it is already being hailed as a success in terms of trade.

China looks likely to allow New Zealand chilled meat into its market, opening up valuable trade opportunities.

It could be worth hundreds-of-millions-of-dollars to our economy. Experts say exporting chilled meat to China will open a whole new market.

On his last day of a week-long visit to China, Mr Key said the first shipments could be on the way within a couple of months.

That’s a huge win for beef and lamb farmers. Read more »

John Key pleases at least one voter

Donghua-Liu-John-Key

Whaleoil stalwart Aucky wrote

I’m enjoying JK’s trip to China.

The Panama Papers have blown up in Little’s face.

The sniggers regarding Jack Ma’s presence at the PM’s reception have suddenly died away as Jack Ma announces that Ali Baba will be holding a New Zealand Month promotion on Ali Baba featuring NZ products. Read more »

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