1 Feb 2010

Economic moves by China seen as good for NZ

5:21 pm on 1 February 2010

New Zealand Trade Minister Tim Groser believes China's plans to raise domestic consumption while reducing its reliance on exports and investment, will economically benefit this country.

Chinese Vice Premier Li Keqiang committed to the goals at the World Economic Forum in Davos, Switzerland.

New Zealand has a free trade agreement with China.

Mr Groser was at the forum. He told Morning Report that exports to China have gone up by almost 48% in the past year, so this latest development can only be good for this country.

Mr Groser says that is a $1.1 billion increase.