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Posted by Xuwanghuan 
www.avalancheteamauthority.com
May 14, 2018 11:43PM
WELLINGTON, March 16 (Xinhua) -- Growth in the New Zealand economy slowed in the quarter ending December 2016, while per capita Gross domestic product (GDP) actually shrank, the government statistics agency said Thursday.


GDP rose 0.4 percent in the December quarter, following an increase of 0.8 percent in the September 2016 quarter, according to Statistics New Zealand.


"Growth in service industries was partly offset by weaker activity in primary industries also flowing through into manufacturing," national accounts senior manager Gary Dunnet said in a statement.


"At an industry level, growth was a mixed bag, with only half of our 16 industries rising."


Service industries grew by 0.7 percent, driven mainly by business services; arts, recreation, and other services; and health care and residential care.


Agriculture fell 0.6 percent due to lower milk production.


Coupled with falls in forestry and mining, this resulted in lower manufacturing activity and lower primary exports.


Manufacturing fell 1.6 percent, driven by falls in food, beverage, and tobacco manufacturing, and in transport equipment, machinery and equipment manufacturing.


Exports fell due to lower exports of dairy products, metal products, machinery and equipment, crude oil, and logs and timber.


Household spending growth tapered off, rising 0.4 percent after two consecutive quarters of strong growth, but tourist spending was strong, up 5.1 percent.


GDP per capita fell 0.2 percent, following increases of 0.3 percent in the June and September quarters.


Annual GDP growth for the year ended December 2016 increased to 3.1 percent.


The size of the economy in current prices was 261 billion NZ dollars (183.3 billion U.S. dollars).


Finance Minister Steven Joyce said the economy was navigating "a still challenging international environment."


"While growth has softened in this latest quarter, the continuing trend is consistent ongoing growth ahead of most other developed countries," Joyce said in a statement.


GDP per capita had grown 0.9 percent over the last year, and real gross national disposable income had grown 4.1 percent over the year.


However, opposition lawmakers said the per capita figures showed that many New Zealanders were working harder for less.


"What this shows is that population growth, rather than improving productivity, is propping up the New Zealand economy," finance spokesperson for the main opposition Labour Party Grant Robertson said in a statement.


The Green Party said the figures showed GDP was no longer a good metric for measuring economic prosperity.


"Since the 1980s, New Zealand's GDP has more than doubled, yet so too have our child poverty rates. Similarly, rates of inequality in New Zealand have grown at the fastest levels seen in the developed world despite GDP doubling," Green Party co-leader James Shaw said in a statement.


SEOUL Kenedy Chelsea Jersey , Oct. 5 (Xinhua) -- South Korea and the Democratic People 's Republic of Korea (DPRK) will exchange letters to confirm whether applicants for a reunion of families separated by the 1950- 53 Korean War are still alive about two weeks ahead of the agreed event, Seoul's unification ministry said Monday.


Seoul and Pyongyang have agreed to hold the reunion of separated families in the DPRK's scenic resort of Mount Kumgang from Oct. 20 to 26 after high-level talks in late August to defuse tensions that had pushed the Korean Peninsula to the brink of armed conflict.


Unification Ministry spokesman Jeong Joon-hee told a press briefing that the two Koreas will exchange response letters at around noon, which would confirm whether applicants for the reunion Jeremie Boga Chelsea Jersey , mostly in their 80s and 90s, are still alive.


Seoul asked Pyongyang to confirm the life or death of relatives living in the DPRK for 250 South Koreans, and the DPRK called for the confirmation of 200 counterparts.


After ensuring that the relatives are alive and still have willingness to join the reunion Jake Clarke-Salter Chelsea Jersey , South Korea and the DPRK will trade the final lists Thursday of 100 people respectively who will participate in the humanitarian event.


Jeong said that the South Korean team for repair works left for the Mount Kumgang resort Sunday without any hindrance, noting that the DPRK has been actively providing support for the event.


Millions of Koreans were separated after the Korean conflict ended in a truce but not a peace treaty. Since then, all civilian communications have been banned.


About 66 Gary Cahill Chelsea Jersey ,000 South Koreans have been on the waiting list for the reunion event, but only a very limited number of the divided families have been allowed to join the rare event.


Related:


S.Korea, DPRK agree to hold family reunion in late Oct.


SEOUL Fikayo Tomori Chelsea Jersey , Sept. 8 (Xinhua) -- South Korea and the Democratic People's Republic of Korea (DPRK) agreed Tuesday to hold the reunion of Korean families, separated by the 1950-53 Korean War, late next month in the DPRK's Mount Kumgang resort Ethan Ampadu Chelsea Jersey , Seoul's unification ministry said.


The first family reunion in more than one and a half years will be held at the gathering center in the scenic resort of Mount Kumgang, located in southeastern DPRK, from Oct. 20 to Oct. 26 Eduardo Chelsea Jersey , the ministry said in a statement. S. Korea, DPRK continue marathon talks for family reunion


SEOUL, Sept. 8 (Xinhua) -- South Korea and the Democratic People's Republic of Korea (DPRK) continued their dialogue early Tuesday as talks for the reunion of Korean families separated by the 1950-53 Korean War lasted for more than 14 hours.


Three delegates from each side launched the working-level Red Cross talks at about 10:50 a.m. local time Monday (0150 GMT) at the border truce village of Panmunjom. The marathon talks stretched into late night as of 1 a.m. Tuesday (1600 GMT Monday) Eden Hazard Chelsea Jersey , an official at Seoul's unification ministry told Xinhua. Full story >>>


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