China To Acquire Australian Farms

[Caerlonie]

Foreigners (individuals or governments) should absolutely not be allowed to own any strategic assets (including land) In NZ,it is absolutely against this countries own best interests to allow that.If you lose control/ownership of your own assets and real estate,you become serfs in your own country.Which might suit the Chinese but it does not suit me.Or,I hope,anyone else here.If the Chinese want food from NZ than they can pay farmers here good money to produce it and sell it to them,but thats all.

[no4mk2]

Caerlonie,

Think you may well find that the horse has bolted....

It is harder to think of businesses that do not have foreign ownership than it is to find a genuine Kiwi one!

Something to do with a Champagne lifestyle on a low income....hock off the family jewels to pay for the social system.

How many Kiwis pay income tax?.........not many

Down here in S Canterbury, we have the Russians in control of Nuplex (latest milk powder factory)...

Fonterra now in deep shite due to debt and keeps on borrowing, the day of reckoning is looming.

Chinese already own major parts of the power network

[V1coy68]

Mainzeal....... Just completed the new Supreme Court in Wellington. Owned be RICHINA

[no4mk2]

Just for the record I'm not anti-Chinese or anti-anyone.

We need to remember that we were the first developed Nation to sign a free trade deal with China....wow

How on earth the NZ Economy is meant to compete amazes me, however I do see tonnes of milk powder going to Asia on a weekly basis.

[Caerlonie]

I know the horse has bolted and its already happening.....but thats does not make it right or in the countries interest.We need to start doing what other countries do and put our own national interest first,and stop being so concerned what others might think about that.And yes we also as a country have to start living within our means,and that means spending less on imports and/or earning more from exports....and selling off the family jewels (i.e.national assets) is not helping towards that end,rather it will make us worse off and over time lower our standard of living,as wealth leaves the country rather than stay here.

[N320]

Foreigners (individuals or governments) should absolutely not be allowed to own any strategic assets (including land) In NZ,it is absolutely against this countries own best interests to allow that.If you lose control/ownership of your own assets and real estate,you become serfs in your own country.

I couldn't agree more. Finances being the strategic asset that enslaves people the quickest.

You really have to hand it to the Chinese though, they are gaining more control of territory by purchase than the west is by force. Of course, they did write The Art of War 2500 years ago. To paraphrase from the book; "the ultimate success in war is not achieved by killing armies and destroying assets, the ultimate success is achieved by winning without fighting".

[no4mk2]

http://www.nzherald.co.nz/business/news ... d=10623721

Fonterra buying Chinese Farms....

[Caerlonie]

Fonterra are looking to lease some more farmland there,and the chinese no doubt want them to do it as it would serve its purpose in modernising their agricultural sector.At any rate china is a vast country and not in danger of being brought up by a company from little old NZ,but the reverse is not true.It is NOT in our interest to have the Chinese (or Russians or anyone else) buying up our resources....we are just a little place and could easily find ourselves tenants in our own country.

[no4mk2]

private ownership of land is forbidden in China, hence the lease.

Exporting your technology....not so smart

China is a vast place with huge areas of farmland, good climate and plenty water.

[Caerlonie]

Exporting your technology or intellectual property is certainly not smart...but sometimes people are blinded by the prospect of quick cash.Very short sighted.

[bas]

China is a vast place with huge areas of farmland, good climate and plenty water.

I was under the impression that one of the reasons China has a population problem is that large parts of it are desert, namely the Gobi Desert which is the 5th largest desert in the world (the two polar caps are the first and second largest).

[no4mk2]

Depends upon the Province, some areas suffer extremes of weather with -25 in winter, and roasting hot in summer, other areas arid, and some very much tropical.

Its a pretty big place, and to a large extent undeveloped in the rural areas.

Spent a few months in Anhui Province a year or so back, followed by a few months in Jiangsu.

Bit like chalk and cheese, one very poor and rural, the other highly industrial and extremely polluted...

[N320]

The Chinese are very intelligent. Butter before bullets! As predicted, the acquisitions are starting here. We will be a strategic food asset for China.

The rest of the article is here: Natural Dairy Buys Four Farms, Eyes More in N.Z. Plan

March 24 (Bloomberg) -- Natural Dairy (NZ) Holdings Ltd., formerly a Hong Kong-based engineering company, agreed to buy four farms in New Zealand and is in talks for 24 more as part of a NZ$1.5 billion ($1.1 billion) expansion in the world’s biggest dairy exporter.

UBNZ Asset Holdings Ltd., a New Zealand group that’s 20 percent-owned by Natural Dairy, will fund the deal that is subject to regulatory approval. The company has held talks to buy milk processing plants and may build its own, according to lawyer Kerry Knight, who represents Natural Dairy.

[GLU]

This will show us if our government is really stupid .Once they own the milk production and processing there will be no tax to be paid to New Zealand they will just ship it of to China on ships owned by them.

[Caerlonie]

Hopefully they will be turned down by the overseas investment people,this is a mistake for NZ.