Read: How a superpower trade war will affect New Zealand
Image: New Zealand Herald / Richard Dale
China’s trade relationship with the US and implications for New Zealand were the subjects of comments by New Zealand China Council Executive Director Stephen Jacobi in the New Zealand Business Herald:
China, for its part, doesn’t appear keen on a trade war and isn’t rushing to fill the trade leadership void left by the US.
For example, it appears to be carefully maintaining the strength of the Renminbi to avoid inflaming US currency hawks.
“They certainly do not want a trade war,” Jacobi says. “They’ve got enormous economic interests with the United States. And I think you can rely on the Chinese to manage all of that in a very sensible way.”