Arab Today, arab today treasury china\s economic growth spills over to new zealand
Last Updated : GMT 03:20:45
Arab Today, arab today
Arab Today, arab today

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

Arab Today, arab today

Arab Today, arab today Treasury: China\'s economic growth spills over to New Zealand

Wellington - 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. The second paper, The Outlook for China\'s Growth and its Impact on New Zealand Exports, forecast China would \"remain strong relative to New Zealand\'s other trading partners\" as its growth slowed over the next decade. \"The slowing export and investment growth is likely to lead to lower growth in China\'s demand for hard commodities, although the ongoing processes of industrialization and urbanization will continue to support this demand,\" it said. \"Dairy and meat consumption per capita generally grow as incomes increase. In particular, consumption of skim milk powder and cheese are expected to grow significantly in the next decade, keeping prices for these products high.\" The third paper, China\'s recent growth and its impact on New Zealand\'s economy, outlined how rising Chinese demand had helped New Zealand\'s forestry and dairy sectors outperform the rest of the economy since 2008. The two sectors had contributed 2.1 percentage points to the 4. 1-percent real GDP growth, but if they had grown at the same rate as the rest of the economy, they would have contributed only 0.2 percentage points, it said. \"This effect has helped the economy recover from the GFC ( global financial crisis) and the high terms of trade, partly resulting from Chinese demand, have boosted incomes over this period.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today treasury china\s economic growth spills over to new zealand Arab Today, arab today treasury china\s economic growth spills over to new zealand

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday