Last year a total of 140 million air passengers departed from China. Some 355,000 — about 0.2 per cent — of them flew to Auckland. Auckland Airport chief executive Adrian Littlewood says the numbers show untapped potential for New Zealand’s tourism sector.
“Today, our share is just a small fraction of a big market. It means our opportunity to grow is huge. If we could move the dial from 0.2 per cent to 0.4 per cent of that total, our China numbers would double. At the moment Chinese arrivals make up 10 per cent of the total at Auckland Airport. An increase in that number would make a difference, he says.
The next generation of mobile technology is still at least five years away. But when it arrives New Zealand could be among the first countries to get it. The telecommunications industry still hasn’t nailed down a detailed plan for 5G, but Alex Wang, Huawei vice-president of wireless marketing, says his company is determined to play a leading role in its development.
Speaking at Huawei’s leafy 2sq km Shenzhen campus, Wang says 4G is now mainstream mobile technology. It works well but there’s already a need for something more.
Wang says the earlier move from 3G to 4G meant moving from networks made for voice calls to networks optimised for data traffic.
A story I wrote for the NZ Herald Capital Markets report:
A strong economy is boosting interest in NZ assets, as ASB’s Henry Withers tells Bill Bennett.
After a significant, extended boom riding the back of high commodity prices Australia’s economy has now slowed.
Henry Withers, ASB general manager corporate banking, says that as a result, a rebalancing between the Australian and New Zealand economies is under way that is leading to an increase of trans-Tasman investor interest in New Zealand assets.
“Our economy is stronger than Australia’s at the moment. We’re seeing better relative GDP growth, here forecast GDP growth is 3 per cent compared with 2.4 per cent in Australia.
New Zealand has all its ducks in a row, which has held global interest in our capital markets.
International interest in New Zealand’s capital markets has stayed buoyant after a period dominated by three major Government energy floats and IPOs for the Fonterra Shareholders’ Fund and Trade Me.
UBS head of corporate client solutions, Christopher Simcock, says the mixed ownership model (MOM) programme – which saw the Government sell down its shares in the energy companies to a 51 per cent holding – was well received.
When Chinese Premier Xi Jinping visited Auckland last November he joined New Zealand PM John Key to witness the signing of a memorandum of understanding between Huawei and Spark.
The agreement will see the world’s largest telecommunications equipment company use its massive research and development resources to tailor mobile technologies for the New Zealand carrier.
Spark and Huawei were already working together. In 2013 the two formed a Joint Innovation Programme, or JIP, which led to the world’s first commercial trial of 4G, fourth generation, mobile telecommunications using the 700MHz spectrum.