Capital is the elephant not in the room

International trade was predictably top of mind at the China Business Summit. (Image: BusinessDesk)

Mon, 27 May 2024

It was partway through a panel at the China Business Summit last week when Fonterra chief executive Miles Hurrell got real about one of its stars: the cushion lady.“The trade minister talked about the lovely lady from Invercargill trying to sell her cushions,” Hurrell said. “I mean all well and good to her but unless she was in the market doing the hard mahi it doesn’t just get handed to you.”Hurrell was talking about how important it is for companies to have “boots on the ground” in foreign market...

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