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New Zealand is pragmatic on China, but does it have a choice?

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New Zealand Prime Minister Chris Hipkins trod a careful line on his first trip to China last week as leader, winning applause from China.

Hipkins is a man in trouble. He’s facing an election with an economy in recession.

If the saying is right “It’s the economy, stupid”, then New Zealand may have a new government.

His trip to China focused on trade and economic opportunities but avoided contentious issues such as human rights abuses in Xinjiang or security concerns.

Let’s remember this is the Labour party, and he follows the charismatic Jacinda Ardern, lauded for her ability to speak for minorities.

Tight election

Barely three months out from what looks likely to be a tight election and with the economy already technically in recession, analysts say Hipkins is seeking to step out of the shadow of high-profile former leader Jacinda Ardern and show he is the person to run the country for a further three years.

One angle Hipkins is focusing on is assuring voters that Labour is the party to bring back prosperity – and that means avoiding disputes with the country’s largest trading partner, which could damage New Zealand exports.

“This was a big visit for Hipkins who is cementing his profile as a new prime minister in an election year,” said Robert Ayson, professor of strategic studies at Victoria University.

“Hipkins pulled his punches on anything controversial. We were back, for a moment at least, where New Zealand admits it does not see eye to eye with China on some big matters without actually naming them.”

New Zealand has long been seen as the most conciliatory towards China among the Five Eyes security grouping, which includes Australia, the U.S., Britain and Canada.

Democratic erosion

But the country’s Foreign Minister Nanaia Mahuta and Ardern in recent meetings with counterparts noted the situation in Xinjiang and the erosion of democracy in Hong Kong, while raising concerns about potential militarisation in the Pacific and tensions in the Taiwan Strait.

The statement after Hipkins’s meeting with Chinese President Xi Jinping mentioned none of these issues.

“(Hipkins’s) visit certainly gave China a tick in the international legitimacy box and Beijing has gained at least as much from Hipkins’ visit as New Zealand exporters,” Victoria University’s Ayson said.

New Zealand exporters were prominent in the visit with a delegation of 29 businesses travelling with the prime minister to China.

Business is not a traditional supporter base of the Labour Party, but Hipkins has been focused on winning this sector over since he took office – his first full day in the job in January he spent talking to business leaders in Auckland.

“My sense is that there’s a significant aspect of domestic politics here in an election year, and that Hipkins wants to be seen as a sort of good steward of the China relationship,” said David Capie, Director of the Centre for Strategic Studies at Victoria University.

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Australia’s fastest-growing property markets revealed

Explore Australia’s booming property markets driven by infrastructure and low supply, with insights from Terry Ryder of Hotspotting.

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Explore Australia’s booming property markets driven by infrastructure and low supply, with insights from Terry Ryder of Hotspotting.


We dive into the forces driving Australia’s fastest-growing property markets and explore which regions are benefiting the most from infrastructure developments and low housing supply.

Terry Ryder from Hotspotting joins us to explain how major hospital projects and other infrastructure investments are reshaping local economies and influencing property prices. We also examine how limited listings are creating fierce competition among buyers.

Discover where the next wave of growth is expected to appear and how investors can respond to these high-demand areas. This is essential insight for anyone keeping an eye on the property market.

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#PropertyMarket #AustraliaProperty #RealEstateGrowth #InfrastructureImpact #HousingTrends #InvestmentOpportunities #Hotspotting #MarketInsights


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AI shake-up hits classifieds: Rightmove and REA face market threats

AI disrupts classifieds market, impacting valuations and strategies for survival—experts share insights on adapting to change.

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AI disrupts classifieds market, impacting valuations and strategies for survival—experts share insights on adapting to change.


AI is sending shockwaves through the classifieds market, wiping billions from valuations and raising questions about the future of major players like Rightmove and REA Group. Investors are now closely watching how technology like ChatGPT could reshape the way online classifieds operate.

Experts weigh in on how AI could disrupt traditional business models, and what companies must do to stay competitive in a rapidly changing landscape. From adapting strategies to embracing innovation, the classifieds industry faces pivotal choices in the age of artificial intelligence.

We speak with Darren Woolley on the potential risks, investor reactions, and strategies that could determine which companies survive—and which might thrive—amidst this AI-driven transformation.

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#AIImpact #Rightmove #REAGroup #Classifieds #TechDisruption #ChatGPT #MarketTrends #DigitalInnovation


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Private sector jobs fall as ADP reveals major slowdown in November

ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.

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ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.


ADP has revealed a surprise decline of 32,000 private sector jobs in November, signalling renewed pressure across the labour market. Small businesses in particular have been hit hardest, raising fresh concerns about resilience heading into the new year.

Economists warn that slowing hiring momentum and weakening pay growth point to a broader shift in worker demand. With consumers increasingly expecting unemployment to rise, sentiment across industries continues to cool.

The market now turns its attention to the upcoming Bureau of Labor Statistics report, which will offer a crucial read on whether this slowdown is temporary—or a sign of something much larger.

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#ADP #JobsReport #LabourMarket #EconomyNews #SmallBusiness #HiringTrends #Wages #TickerNews


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