søndag 21. mars 2021

China 'speeding up' drive to switch key imports away from unfriendly democracies

China is speeding up efforts to source more imports from stable autocratic regimes and reduce its trade dependency on democratic countries such as Australia, says global risk consultancy Verisk Maplecroft. Joseph Parkes, a Singapore-based analyst at the British firm, told Stuff that China’s trade with New Zealand was “less at risk” from the policy which was more focused on oil and minerals imports.

“Beijing’s primary concern is sourcing strategically important commodities from potentially unfriendly countries.The New Zealand government’s quiet approach to managing potential areas of bilateral friction has further minimised the risk that Beijing will seek to reduce exposure to New Zealand’s exports,” he said.