Latest News:  

English>>Business

China's economic growth spills over to New Zealand: Treasury

(Xinhua)

18:07, July 16, 2013

WELLINGTON, July 16 (Xinhua) -- Every 1 percent increase in China's gross domestic product (GDP) correlates to a rise in New Zealand's GDP of 0.2 percent to 0.4 percent, New Zealand's Treasury said Tuesday in a report.

However, the paper, dubbed Empirical Evidence on Growth Spillovers from China to New Zealand, also noted that it was " striking that estimated growth spillovers are substantially greater from the U.S. than from China, despite the latter's increasing importance in the world economy."

The Treasury researchers used models estimating growth from the mid-1980s to 2011 and found that commodity prices formed an important part of the growth spillover effect in a 10-year window of data from the mid-1990s, especially in the latter part of the period.

"The impact of China on global commodity prices has been steadily increasing over time, with growth in China having strongest effects on dairy and aluminum price inflation," said the paper.

Although data availability extended only to the end of 2011, recent indicators, including China's demand for New Zealand's dairy products, pointed to the role of China being maintained or increased in the near future.

The paper was one of three Treasury papers released Tuesday examining the impact of China's growth on New Zealand.


【1】 【2】



We Recommend:

Born to lead: 2nd genr of Chinese tycoons

Model in see-through dress poses at auto show

Mortgage slaves' decade in real estate fever

2013 China Int'l Boat Show kicks off in Zhoushan

China Changchun Int'l Automobile Expo kicks off

Forbes names China's 50 best CEOs

Migrant workes' high incomes not that rosy

Chinese grads' unconventional jobs

In pictures: history of China's auto industry

Email|Print|Comments(Editor:LiQian、Gao Yinan)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. "Peace Ark" provides medical treatment

  2. Exchange between the PLAN and the CTF-465

  3. Protest held to demand release of prisoners

  4. Rape victim's mother wins labor camp lawsuit

  5. A glimpse of residents' daily life in China's Sansha city

  6. Sea foods, a luxury bite in summer

  7. Rare painted bronze ware excavated

  8. Angelababy covers BAZAAR

  9. Migrant workes' high incomes not that rosy

  10. China's GDP totals 24.8 tln yuan in H1

Most Popular

Opinions

  1. Slower economic growth set to be a winning choice
  2. Investing abroad not easy: Experts
  3. Reinvigorated CCTV gala brings hope for art scene
  4. China's anti-dumping probe is not retaliatory
  5. China's economic growth slows to steadier pace
  6. Washington must overhaul bipolar way of thinking
  7. Why the customer remains the king
  8. Going mobile is the key to business success
  9. Drone strikes only serve to help anti-Americanism
  10. State must control capital: Justin Yifu Lin

What’s happening in China

College student car models show youthful vigor

  1. White collars, the unemployed top suicide risk
  2. After the crash, a fight for Asiana compensation
  3. Beijing metro fare hike 'speculation'
  4. Lushan post-quake work to cost nearly $14b
  5. Probes show dangerous straws on sale