Latest from China Business

China hits back with 125% tariffs on US goods
Further American levies will be ignored by China as it plans lawsuit.

Property Insider: Fletcher’s $15m ‘mistake’, debate on granny flat law relaxation
What do people in the sector say about Fletcher Building closing its $15m plant?

Builders of Auckland’s abandoned 57-level Seascape tower win $33m claim
Judge: 'I order Shundi to pay the sum in the statutory demand within five working days.'

Inside Seascape: New photos show state of abandoned Auckland apartment tower
Plywood in some areas has been damaged, report says replacement with steel is recommended.

Why 56-level $300m+ Seascape tower is abandoned for seven months
Court decision in November prohibited the builder from acting till the paperwork was done.

China consumption slump deepens as February prices drop
Consumer spending has been in a slump since the end of the pandemic.

China to impose fresh tariffs on US agricultural imports
Trump inked an order to increase a previously imposed 10% tariff on China to 20%.

New Zealander claims mistreatment by global dance company
Shen Yun says the allegations are "grossly distorted" and linked to the Chinese Communist Party. Video / Ben Dickens

Property Insider: 6 big things likely to dominate 2025
Seascape, Ikea, some big new buildings and a court drama loom.

Fine wine market in the red as Chinese demand dries up
Financial Times: Prices of top-end Burgundies and vintage Champagnes fall for second year.

ProLink calls in liquidator, 190 laid off a week before Christmas
'This is just so sad, just before Christmas' - liquidator Pritesh Patel on ProLink NZ.

Watch: Kindness or cult? Questions over Chinese meditation group’s inclusion in Santa parades
Chinese spiritual group Falun Dafa participated in Santa parades around the North Island.

As China’s EVs dominate auto market, Japan, Europe lose ground
Electric and plug-in hybrid car sales are growing rapidly in China.

'Insert leader here': Awkward social media post from Trade Minister's account
The post said he attended a "dinner hosted by [insert TBC senior Chinese leader]".

Christopher Luxon meets Chinese President Xi Jinping
Prime Minister Christopher Luxon has met with China’s President Xi Jinping at the Asia-Pacific economic (Apec) summit in Peru today. Video / NZ Herald

Luxon in Peru, Hīkoi continues and Brian Tamaki protests | NZ Herald News Update
Christopher Luxon is in Peru, weather has affected many hoping to run in the Queenstown marathon today and Brian Tamaki prepares to hold a 'Make New Zealand Great Again' rally.

Frozen velvet exports to China set to resume
MPI and China’s customs authorities have been negotiating the issue since late 2023.

China's protein consumption has changed – Rabobank
Rabobank says protein exporters need to adapt to changing consumer trends in China.

Company director 'blackmails' employee for $1.2m after he allegedly stole $400k
Justice Lang said Hua Wu signed an agreement under duress – but took too long to complain.

Younger Chinese fume at call to raise retirement age
Financial Times: Party meeting sparks online row as experts warn about ageing population.

'Largest IT outage in history', more calls for Biden to quit | Focus Morning Bulletin July 20, 2024
Yesterday experienced what is being labelled as the 'Largest IT outage in history' Meanwhile one in ten Democrats call for action from US President Joe Biden.