China's Slowing Appetite Forces New Zealand Exporters to Rethink Their Strategy The Reserve Bank of New Zealand (RBNZ) has raised interest rates for a second consecutive time, sending shockwaves through the country's economy.
However, this decision is not the only concern for New Zealand's exporters. A more significant challenge is emerging from China, their largest trading partner and top market.
According to Karen Silk, assistant governor at the RBNZ, New Zealand exporters are diverting shipments originally bound for China into other markets as demand from the big buyer cools.