Strong wool eyes China
China looks set to play a key role in helping the New Zealand wool sector shift away from trading as a commodity supplier.
A Chinese business leader says Chinese investors are unfairly viewed as potential security risks in New Zealand.
Bank of China NZ chief executive and China Chamber of Commerce NZ chair Warren Hu told the China Business Summit in Auckland today that New Zealand should follow Singapore when it comes to working with overseas investors.
Hu says while working in Singapore he was involved in many big infrastructure projects involving overseas investors including many from China.
“But in New Zealand, if a Chinese investor wants to invest in a highway project here, there are questions around sensitivities and security risks.
“Can China build a highway here and move it to Beijing?’ he asked.
“I think the sensitivity around security is bullshit.”
He says that as a small country like Singapore, NZ should be open to working with resources from all over the world.
“Singapore is the best friend of China and also the best friend of the US.”
A US-based company developing a vaccine to reduce methane emissions in cattle has received another capital injection from New Zealand’s agriculture sector.
Wools of New Zealand has signed a partnership agreement with a leading Chinese manufacturer as the company looks to further grow demand in China and globally.
Opportunities for Māori are there for the taking if they scale up their operations and work more closely together.
OPINION: Farmer shareholders of two of New Zealand's largest co-operatives have an important decision to make this month and what they decide could change the landscape of the dairy and meat sectors in New Zealand.
As the first of a new series of interprofessional rural training hubs opened in South Taranaki late September, Rural Health Network has celebrated the move as a "key pathway to encourage the growth and retention of health professionals in rural areas".
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