Chinese say farmland investments not to be feared

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Thu, 04 Aug 2011 6:22p.m.

The Chinese failed in their high profile bid to buy the Crafar farms

The Chinese failed in their high profile bid to buy the Crafar farms

By Duncan Garner

The Chinese Government says it remains firmly interested in buying New Zealand farms despite the recent knock-backs.

The Chinese Embassy wheeled out a government spokesman today in a rare move, to tell New Zealander’s they have nothing to fear from Chinese investment.

The Chinese Embassy in Wellington has not always had an open door policy.

For only the second time, media were invited inside today to share cashews, biscuits and green tea.

The Chinese explained their economy is still strong despite the shudders in the US and Europe.

Then the Chinese explained they wanted to buy New Zealand farms.

The Chinese failed in their high profile bid to buy the Crafar farms.

Our Government then tightened the law to make it harder for foreigners to buy land here.

But the Chinese remain firmly interested and say Kiwis have nothing to fear.

“I think there has been a certain number of people in your country, those xenophobes who tend to be unreasonably fearful of Chinese investments,” says one diplomat.

Bill English says the Chinese do not own one farm here and may find it difficult to under the new tighter rules.

“We changed the rules the last year to make sure any investments are beneficial to New Zealand.”

The Chinese say that did not stop Mr English encouraging the Chinese to invest on a trip in April.

“He told the Chinese leaders that New Zealand welcomes Chinese investment.”

The Chinese have also renovated an old aircraft carrier from the Ukraine, telling 3 News that it is for patrolling it’s huge coastline.

They say they have no plans to send a ship to New Zealand at this stage.

And the Chinese had another message to New Zealanders who fear foreign investment.

They say Fonterra holds a near monopoly position on producing milk powder in the Chinese market - as if to say, why can’t they have some kind of stake here when it comes to buying farms?

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Comments

05 Aug 2011 09:54a.m.

Ling wrote:

If Labour had any brains, they would use this as point against Nationals. As far as Kiwis are concerned, the land belong to NZers and not in the hands of foreigners. We can only lease not sell! We have everything to fear about the chinese, they are becoming more powerful than US now. I believe their reason for 'investing' is to cut of the middle man (Fonterra) in time and we having to end up buying milk from the Chinese instead! How scary is that?

05 Aug 2011 08:34a.m.

Fellowes wrote:

"The Chinese say New Zealander’s they have nothing to fear from Chinese investment..." - Try telling that to the Tibetans.

05 Aug 2011 05:13a.m.

Fellowes wrote:

The American Harvard Endowment Fund already has large tracts of land in the Sth Island. If the Chinese buy our land as well then we risk having two super powers fighting over their assets in NZ if the tension that is apparent between them at the moment escalates to conflict. Bernard Hickey is quite right when he says what NZ needs is a hefty land tax, which would deter foreign ownership. What gives National the right to sell NZ land off without giving NZers a say in whether they approve? This is an election issue - too important to be left to politicians. It is better if NZ stays neutral and eschews foreign ownership.

05 Aug 2011 02:21a.m.

Luke Robson wrote:

Lease only overseas investment would be ok, meaning an overseas investor could lease farms but not buy them). Best to keep ownership of NZ farms as much as possible in kiwis hands. One of the major ways that people/companies get rich is through land and business - the dairy industry is both of those, sell the farms to overseas investors and we become a poorer country.

05 Aug 2011 01:23a.m.

TWE wrote:

No, I think we have everything to fear from the Chinese owning our land. The government keeps going on about how there is "hardly any land in NZ owned by the Chinese" but they fail to mention that most of us want it to STAY that way. NZ is ours!

04 Aug 2011 11:07p.m.

Terry Kerr wrote:

Fonterra does own any farm land in China. All land is state owned - there only exists "land use" or effectively lease. Selling land to entities owned by a repressive regime such as China or to citizens of such a nation who support such a regime should not take place in a liberal democracy - it should be anathema. A good description of China is an imperial construct see "New Chinese Empire" - Ross Terrill. Alternatively see an article in the now defunct Far East Review by Ledeen (banned in China of course) describing China as a mature fascist state. See http://www.youtube.com/watch?v=V-Ylj7JO59c or http://testfeer.wsj-asia.com/essays/2008/may/beijing-embraces-classical-fascism

04 Aug 2011 09:37p.m.

James wrote:

@sky yeah right, we have all heard that tired old line before and seen what then really unfolds afterwards. Excuse some of us for being skeptical after several decades of this routine it gets old and predictable.

04 Aug 2011 09:37p.m.

James wrote:

@sky yeah right, we have all heard that tired old line before and seen what then really unfolds afterwards. Excuse some of us for being skeptical after several decades of this routine it gets old and predictable.

04 Aug 2011 08:37p.m.

Paul wrote:

I'm with you bOb. Has anybody seen how cows are farmed in china. Not very pretty. They see them more as a machine in a factory than an animal. As is they way they look at most animals.

04 Aug 2011 08:24p.m.

sky wrote:

Hence shows New Zealand's slow progress in developing top infrastructure and expanding.