Free trade with China. What are your thoughts?

[SimJen]

China is communist and they have finally seen the light and are opening up their market to globalisation. Capitalism will always win in the end.
Religion, Dictators and Helen Clark must go!!!

Your the man Finn
Right on bro

[chickenfunkstar]

dosnt the us has a protected market ???,

I think that some of their industries are protected but im not sure that it really matters. Other countries would just swap their money into US$ and then NZ exporters can sell the US$ which they recieve for NZ$

[Streetwise]

I think that some of their industries are protected but im not sure that it really matters. Other countries would just swap their money into US$ and then NZ exporters can sell the US$ which they recieve for NZ$

The downside to what you are saying is that we are now going to have people manufacturing here as they can import the same shit, without duty for less dollars that it costs to make. You have to understand that once this crap flows in, jobs are going to go. Half of the engineering and manufacturing companies are already closing down. (to many imports.) They cant compete with what the world can offer. We need to close the borders a tad and make companies in NZ make and supply what we can, This will increase imployment and dollars flowing through our economy. go to the port of wellington and look at the logs that are shipped to china only to get shipped back as cheap furniture. How Does that work ????

[MSTRS:Me]

The downside to what you are saying is that we are now going to have people manufacturing here as they can import the same shit, without duty for less dollars that it costs to make. You have to understand that once this crap flows in, jobs are going to go. Half of the engineering and manufacturing companies are already closing down. (to many imports.) They cant compete with what the world can offer. We need to close the borders a tad and make companies in NZ make and supply what we can, This will increase imployment and dollars flowing through our economy. go to the port of wellington and look at the logs that are shipped to china only to get shipped back as cheap furniture. How Does that work ????

Are you saying that we need a 'closed economy'?? Jobs for all with the same pool of money going round in a circle?? Don't see how that could work for long.

[Ixion]

Are you saying that we need a 'closed economy'?? Jobs for all with the same pool of money going round in a circle?? Don't see how that could work for long.

Worked absolutely beautifully for quarter of a century when I was a lad (1950 to 1975 or so).

Highest standard of living in the world, zero unemployment (except for one git in Lower Hutt), lowest infant mortality in the world and on and on.

Just a matter of deciding whether a decent standard of living for everyone is more inportant than capitalists overseas making a few more millions of dollars. or not.

[oldrider]

No, it doesn't have to come back in. A net outflow simply gets taken up by a reduction in living standards - everybody has less money.

Initially this shows up as reduced standards of services - public transport, health education. The country finds it can't afford hospitals and operations, can't afford to pay teachers, can't afford new roads. Then it ripples down to individual living standards. More people can't afford decent housing. Unemployment rates go up. And so on.

Reduced standards of services in New Zealand now:

Public transport? yes

Health? yes

Education? yes

Cant afford hospitals and operations? yes

Can't afford to pay teachers? yes

Can't afford new roads? yes

Then it ripples down to individual living standards! yes

More people can't afford decent housing! yes

Unemployment starts to go up! and so on! yes

Well Ixion it sounds to me like China's representative in this country is right on schedule, all she needs now is to sign the agreement!

Well done Helen, China is proud of you!

[Ixion]

Great then, the currency will fall against the US$, there's lots of stuff we can export there. What is all this NZ money gonna do while its in the US$. How does it not come back to NZ in the end?

It's not NZ money. It's gone . Why should it come back? You buy a bike for $10000 you don't expect your $10000 to "come back"

[Streetwise]

Worked absolutely beautifully for quarter of a century when I was a lad (1950 to 1975 or so).

Highest standard of living in the world, zero unemployment (except for one git in Lower Hutt), lowest infant mortality in the world and on and on.

Just a matter of deciding whether a decent standard of living for everyone is more inportant than capitalists overseas making a few more millions of dollars. or not.

Yes i agre, We need to protect business in this country form cheap rubbish, Mind you i think most New Zealanders now have been brought up with the Warehose mentality, CHEAPER IS BETTER. but i think thats the wrong answer.

[Ixion]

Reduced standards of services in New Zealand now:

Public transport? yes

Health? yes

Education? yes

Cant afford hospitals and operations? yes

Can't afford to pay teachers? yes

Can't afford new roads? yes

Then it ripples down to individual living standards! yes

More people can't afford decent housing! yes

Unemployment starts to go up! and so on! yes

Well Ixion it sounds to me like China's representative in this country is right on schedule, all she needs now is to sign the agreement!

Well done Helen, China is proud of you!

Yep, that's what 20 years of free market economy has done to us. And we want more of it ?

[MSTRS:Me]

Worked absolutely beautifully for quarter of a century when I was a lad (1950 to 1975 or so).

Highest standard of living in the world, zero unemployment (except for one git in Lower Hutt), lowest infant mortality in the world and on and on.

Of course back then Mother England ( ) took every pound of meat our farmers could produce

[Lou Girardin]

The Chinese Airforce is nowhere near the technological level of the U.S. Airforce. The U.S. airforce is considered far superior.
The Chinese Naval fleet is only larger because the Chinese haven't decomissioned so many rust buckets that other navy's such as the U.S. would have sunk a good 20-30 years ago. Although the Chinese fleet is larger, the U.S. fleet is still considered more powerful.
As for the Chinese Army, they have it over that over the U.S. based on pure man power.
However, The U.S. have allegience with Cern. The technology held by a European/American community, if harnessed for warfare, this technology would see China backdown in an instant.
Let's hope the U.S. have it under wrapps, coz I hate communism fullstop!

God Bless Democracy and God Bless the U.S.!

and China can stick their "tooo dollah" shops up their arses!

The same situation existed in Korea. The Chinese nearly kicked the Yanks out then.
Don't think technology will always win. Check out Vietnam, Afghanistan, Iraq.
Willpower will always win, it just takes longer.

[cowpoos]

canadian government making NO pretence of representing ME

the Aus. government IS ............... bastards!

how is the auz government representing you doll? i don't geddit?

[chickenfunkstar]

I agree, thats the down side. Because of this, domestic money supply will decrease, causing the NZ dollar in depreciate. Then our exports will appear cheap to overseas consumers and we'll be able to export more.

It seems to me as though we'd be trading jobs which we're not good at, for jobs which we are good at.

[Lou Girardin]

And a really bad time to be an importer.

Anybody got an idea how much of our product 'on the shelves' in NZ is imported? (Motorbikes, leathers, dvd players etc etc)

We have a record current account deficit which will give you a clue. About 9% of GDP I believe.

[chickenfunkstar]

It's not NZ money. It's gone . Why should it come back? You buy a bike for $10000 you don't expect your $10000 to "come back"

Not to me specifically. $10,000NZ is of no use at all to Suzuki in Japan. They're gonna have to sell our currency to someone who wants to use it in New Zealand.