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TICKER VIEWS – Is New Zealand really cosying up to China?

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The diplomatic rift between Australia and China continues to worsen, exacerbated by Scott Morrison’s government tearing up controversial infrastructure agreements.

Canberra is bracing for retaliation from Beijing, after it torpedoed Belt and Road Initiative agreements China signed with the Australian state of Victoria.

Australia hasn’t hesitated to stand up to an increasingly assertive and powerful China. It led calls for an independent investigation into the origins of COVID-19, much to China’s fury.

Beijing has even shared a 14-point list of grievances that it has against Australia.

Chinese President Xi Jinping, right, and New Zealand Prime Minister Jacinda Ardern shake hands before their meeting at the Great Hall of the People in Beijing, Monday, April 1, 2019. (Kenzaburo Fukuhara/Pool Photo via AP)


TREADING CAREFULLY

New Zealand’s relationship with China has also been under the spotlight, but for completely different reasons.

New Zealand has been accused of turning its back on its “Five Eyes” allies, amid claims Jacinda Ardern’s government is soft on China.

There’s no question that Australia and New Zealand have fundamentally different approaches to handling the increasing assertiveness of China.

But is New Zealand moving closer to China?

Robert Ayson is a Professor of Strategic Studies at Victoria University of Wellington. He says that while New Zealand doesn’t have a “hardline, zero sum approach to [its] relationship” with Beijing, it “… has taken a strong view on China compared to where it was 7-8 years ago.”

“New Zealand wants to maintain good relations with traditional partners, particularly in the Five Eyes context,” he told Ticker News.

“New Zealand also wants to keep room for a productive relationship with Beijing. New Zealand is unlikely to go down the path that Australia has…”

Australia’s actions have seen it become a victim of China’s economic coercion. New Zealand is seeking to tread carefully, mindful of its economic reliance on China.

FUTURE OF FIVE-EYES

New Zealand has on multiple occasions spoken out against China, including over human rights abuses in Xinjiang.

But the island nation has also been conspicuously absent from some joint statements from its Five-Eyes allies, as it is wanting to chart its own course when it comes to its dealings with China.

The 70-year-old intelligence grouping is made up of Australia, Canada, New Zealand, the United States, and United Kingdom.

New Zealand’s Foreign Minister this week revealed that New Zealand was “uncomfortable” with expanding the remit of the alliance.

Nanaia Mahuta believes the focus of the group needs to remain on intelligence, not on pressuring or criticising China.

Robert Ayson says the “comments did catch out a few people”, given they were made “in a public forum”.

UNSOLICITED ADVICE

Australia’s Foreign Minister Marine Payne travelled across the Tasman this week, taking advantage of the new travel bubble, for a face-to-face meeting with her Kiwi counterpart.Marise Payne was asked by a journalist if she would like to see the Ardern government take a tougher line on Beijing.

“One thing I have learnt in my role in this job as Australia’s Foreign Minister is not to give advice to other countries,” she responded.

It’s advice that New Zealand’s Trade Minister would have done well to heed in an interview earlier this year.

Appearing on CNBC, Damien O’Connor urged Australia to follow New Zealand and “show respect” and “a little more diplomacy” to China.

The comments went down like a lead balloon in Canberra, as the Minister was left to mop up a diplomatic mess of his own making.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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