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More Chinese investment in New Zealand farms and infrastructure will be targeted by the Government.

Prime Minister John Key today released a strategy to double trade with the Asian super power by 2015, saying it is critical for the country’s financial wellbeing.

Opening Our Doors to China has taken over a year to develop and comes as public anger grows over farm land sales to foreigners, particularly the Crafar farms bought by a Chinese company.

The idea of Chinese investors taking over the Crafar farms has not sat well with many and the Green Party says the farms were sacrificed for the sake of a stronger relationship with China.

But Key is eager to develop the relationship with Beijing, believing New Zealand can be prosperous on the back of “probably the fastest growing economy in the world”.

“They’re our second largest market…by 2020 they’re likely to be the largest economy in the world,” said Key.

Remarkable benefits

The New Zealand – China strategy is designed to double two-way trade with the People’s Republic to $20 billions by 2015. It aims to increase the number of Chinese students in NZ, assist NZ food, beverage and agribusiness exporters and target Chinese investment in infrastructure and farmland.

The strategy would mean more sales like the Crafar farms which the Greens say was approved to facilitate the broader strategy of the China/New Zeala...

More Chinese investment in New Zealand farms and infrastructure will be targeted by the Government.

Prime Minister John Key today released a strategy to double trade with the Asian super power by 2015, saying it is critical for the country’s financial wellbeing.

Opening Our Doors to China has taken over a year to develop and comes as public anger grows over farm land sales to foreigners, particularly the Crafar farms bought by a Chinese company.

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The idea of Chinese investors taking over the Crafar farms has not sat well with many and the Green Party says the farms were sacrificed for the sake of a stronger relationship with China.

But Key is eager to develop the relationship with Beijing, believing New Zealand can be prosperous on the back of “probably the fastest growing economy in the world”.

“They’re our second largest market…by 2020 they’re likely to be the largest economy in the world,” said Key.

Remarkable benefits

The New Zealand – Chin...