The Markets and Banking reporter for the NZ¬†Herald, Christopher Adams has this story
A high-profile Chinese dairy commentator is calling for China’s government to block Fonterra’s investment in Hangzhou-based infant formula maker Beingmate, showing criticism of foreign investment isn’t a purely one-sided affair when it comes to the business relationship between New Zealand and its biggest trading partner.
Foreign investment, particularly from China, has returned to the forefront of public debate in this country since it emerged that Shanghai Pengxin, the owner of the Crafar Farms, wants to purchase the more than 13,000 hectare Lochinver Station in the central North Island.
Opposition parties have opposed the potential sale and NZ First leader Winston Peters has gone as far as vowing to buy back strategic farmland from foreigners.
But it looks like New Zealand is copping a bit of its own medicine in China.
Time for the Labour, Green and NZ First hypocrites to take their medicine. ¬†They are all very happy about Fonterra sticking it to them foreigners, but lo and behold if we were to let them buy stuff here!
It’s simply dog whistle politics that is fueled by the xenophobia that used to be Winston Peter’s personal brand, but has since been adopted by the Greens and Labour as well. ¬† Read more »