Kiwi companies appear to be adopting a "China and ... " approach to our biggest trading partner — not diversifying trade away from China, but seeking to maintain their Chinese footprint and business links while
NZ Herald
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Dairy players report being well diversified in products, customers and markets is especially important now and has served New Zealand well during Covid-19 disruptions to date. Said an electronics firm boss: "We do not do business in China, but do source some components there. As part of risk management, we continually look at alternative supply options (not just in respect of China). It may pay at some point to ask a similar question about Taiwan, a place where many components come from and which is rising on the risk register.
A banker said it's bit late to talk about diversification. "NZ has been a long time on the road to China, it demonstrates a laughable level of naivety to now consider that road."