New Zealand farmers eye Chinese market

Global Business

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As global dairy prices continue to fall, New Zealand’s farmers hope their strong trading relationship with China will help pull them through the tough times.
CCTV correspondent Owen Poland filed this report from Auckland.

New Zealand farmers eye Chinese market

New Zealand farmers eye Chinese market

As global dairy prices continue to fall, New Zealand's farmers hope their strong trading relationship with China will help pull them through the tough times.

More details:

  • Part of the problem is a slowdown in China’s dairy consumption which has seen New Zealand’s exports to China drop by 45 percent since the peak in 2013.
  • New Zealand’s biggest bank, ANZ, believes that increased wealth in countries like China will boost future demand for New Zealand food.

Cathy Quinn on cooperation between China and New Zealand
For more insights into the economic cooperation between China and New Zealand, CCTV America’s Michelle Makori talked to Cathy Quinn, member of the New Zealand-China council.

Cathy Quinn on cooperation between China and New Zealand

Cathy Quinn on cooperation between China and New Zealand

For more insights into the economic cooperation between China and New Zealand, CCTV America's Michelle Makori talked to Cathy Quinn, member of the New Zealand-China council.