Mon, May 07, 2012 - Page 5 News List

New Zealand faces land-grab fears

RACIST?Some people say New Zealanders are worried about a farm sale to a Chinese firm out of racist concerns, while others believe the deal could send profits overseas


A spokesman for the Chinese embassy in Wellington, Cheng Lei (程雷), was reluctant to address the Crafar issue directly, but said New Zealanders should be pleased to welcome foreign investment.

“I think Kiwis should understand that it is a positive signal,” he told reporters after the sale was announced. “It showcases foreign countries confidence in your country, in your system, in your people, and you should be happy about that.”

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