Labour’s Chan Ban biting with threats against investment

It would appear that Labour continues to hate on Chinese investment with their Chan Bn and now Phil Goff’s bill preventing foreign ownership, especially it seems if they have slitty eyes.

David Parker has said that Labour would refuse the bid by Shanghai Pengxin for Synlait in all likelihood if they were the government.

Newsroom reports:

The Chinese bid for South Island dairy producer Synlait Farms would likely be refused under a Labour-led government, says its finance spokesman David Parker.

Labour is promoting a member’s bill in the name of its foreign affairs spokesman Phil Goff to restrict ministerial discretion for approving the sale of farmland to overseas buyers.

The bill would require any foreign investment to deliver benefits over and above what a local buyer would and that it must ensure substantial new jobs and exports. 

Parker said Labour did not see any increase in economic output from selling farms to overseas buyers.

Under its policy such sales would be severely restricted and the Shanghai Pengxin application for Synlait probably would not be approved.

“New Zealand is very good at farming, why would we sell what generates our future wealth?” he asked.

Does he think they are buying the farms to build apartment buildings? The guy is a moron. People will be employed on those farms, the cows are still here, the milk is still processed here, the farms buy their stores, stocks and equipment from here…the man has rocks in his head.

For a party that supposedly is interested in jobs and investment they sure have a funny way of showing it.

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