Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Debate on land sale to Chinese misleading says Professor

Debate on land sale to Chinese misleading says Professor of Public Policy

Suggesting that Chinese investment in New Zealand is essentially the same as New Zealand investment in China assumes that buying and owning land is the same as investing in or leasing land, says AUT University Professor of Public Policy Ian Shirley.

Commenting on the proposed sale of Lochinver Station to the Chinese company Shanghai Pengxin, Professor Shirley says there has been a lot of heated political debate and a considerable amount of misleading information.

Responding to the New Zealand Herald editorial “We should welcome Chinese investment” he says recent research he has conducted in collaboration with the Chinese in Shanghai illustrated a radically different approach to overseas investment.

“The Chinese do not sell land to overseas interests – they lease land and they encourage overseas investment but only in strategic industries or areas of economic development that they nominate or control.

“In Shanghai for example Chinese colleagues were proud of the fact that the only land in Shanghai owned by overseas interests was the small block of land on which the Soviet Embassy stood. The Chinese do not sell strategic assets or land.”

Professor Shirley says that to suggest therefore that Fonterra “has been buying farms” in China assumes that the ownership and leasing of land is the same thing.

“You may be able to sell that line to some New Zealanders but for those of us who were raised on farms it represents a major distortion of the facts.”

Professor Shirley says the public debate suggests that the decision on the sale of strategic assets such as land should not be left to the Overseas Investment Office.

“As opinion polls over recent months have indicated a significant majority of New Zealanders do not agree with the sale of public assets. While the Prime Minister may “be happy for a Chinese company to buy Lochinver”, there is clearly a large number of New Zealand citizens who would oppose the sale.

“The Overseas Investment Office does not have the ability or the expertise to address policy decisions such as the retention of strategic assets or the sale of land to overseas investors despite changes to the overseas investment regime in 2010.

“China has ensured that it will retain its strategic assets including the domestic ownership of land. It encourages overseas investment in areas that it wants to develop rather than selling its assets to the highest bidder. Perhaps it is time to consider similar policies in New Zealand.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Protests Close Roads: TPP Signed In Auckland

“TPP was signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Viet Nam.” More>>

ALSO:

Emails Behind 'Diplomatic Immunity' Case: Whitehead Report Released

“As previously indicated the conclusions reached by Mr Whitehead’s investigation are not unexpected but they are very disappointing,” Mr Mccully says. “At the heart of the matter is a single email, along with procedural shortcomings, which gave Malaysian officials the impression it would be acceptable for Mr Rizalman to return to Malaysia." More>>

ALSO:

Gordon Campbell: On The Treaty/TPP Overlap, And Iowa

The fears about the ISDS provisions in the Trans Pacific Partnership deal are well-founded. The reality is that there is a sharp uptick in the occurrence of ISDS litigation in developed countries, and even the right wing likes of The Economist have been souring on the process for some time. More>>

ALSO:

Christchurch Red Zone Offers: Fresh High Court Proceedings

Grant Cameron, Solicitor for the Quake Outcasts said “the action seeks judicial review of the Crown’s recent decision to make a fresh offer to purchase properties from uninsured property owners in red zones. More>>

ALSO:

PM's Post-Cabinet Press Conference: Waitangi And TPP

Prime Minister John Key on Tuesday said his office has received an invitation for him to visit the Lower Marae on Waitangi Day, but was waiting for a meeting of the Te Tii Marae Trustees. More>>

ALSO:

Flagged: 'Wrong Colour' Bridge Flag To Change

NZ First: Only 13 days after National trumpeted its legally questionable flag on Auckland Harbour Bridge, it is now coming down because it is the wrong colour... “Mr Key’s latest flag fiasco is another waste of taxpayers' money. Given it is coming down, down is exactly the location where it should remain. More>>

ALSO:

School's In: Children Head Back To School

“Across the whole of this year we expect 61,820 five year olds will begin their primary schooling for the first time,” says the Ministry of Education head of sector enablement and support Katrina Casey. More>>

ALSO:

Dog & Lemon: FBI Disagrees With NZ Government Over Police Chases

Multiple studies, quoted by the FBI, show that once suspects realise they're no longer being chased; they tend to slow down to normal driving speeds and therefore become far less of a risk. The FBI report also categorically rejected the argument that abandoning police chases meant ‘giving in’ to offenders. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news