New Zealand exporters are diverting shipments bound for China to new markets, as demand from the country's top buyer cools, a central bank official tells CNBC.
The New Zealand Central Bank has revealed that many of the country's exporters have diverted commercial shipments originally destined for China to other alternative markets, against the backdrop of slowing demand in New Zealand's largest trading partner. Karen Silk, Assistant Governor of the New Zealand Reserve Bank, Thursday, said that exporting companies have already begun to take practical steps to reorient their products to limit [...].