Will the Chinese big spenders be back?

Will the Chinese big spenders be back?
Xu Sitao. (Image: Supplied)
Dileepa Fonseka
These days when people from other countries visit New Zealand we no longer ask them ‘What do you think of NZ?’ but instead ‘Are more of you on your way?’. To that, Deloitte's chief economist in China, Xu Sitao, says Chinese consumers are keen to get out of their country – like we have been to get out of ours – but notes getting a visa to visit is not as easy or efficient as it was before the pandemic.“I think right now there’s a pretty big backlog,” he says.But there are a lot more...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024