Chinese Investors spending up big in NZ

[chrisgoh]

Good article, bang on the money I reckon:

Ryan Greenaway-McGrevy & Ananish Chaudhuri: Auckland house price crisis - we name the guilty party


http://www.nzherald.co.nz/business/n...ectid=11485184

Funny, why no one point finger at USA for printing currency and inflate assets...particularly real estate in major cities? Never mind, let's put all the blame on China.

[elguapo]

Funny, why no one point finger at USA for printing currency and inflate assets...particularly real estate in major cities? Never mind, let's put all the blame on China.

Yes they did, low US interest rates following the dotcom crash were the fuel that feed house price booms all over the world 2001-2007.

[eri]

oh yeah

the usa printing dollars to fund the war in vietnam

instead of raising taxes

imho

was largely responsible for the economic ructions

that led to 25% interest rates in nz in the early 80'?s

the giants sneeze

the gnats get knocked over

of course they'll complain

[speights boy]

Department of Internal Affairs warns Jin Yuan Finance Ltd over lack of adequate compliance with anti-money laundering law

The Department of Internal Affairs has issued its first formal public warning under the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) to Jin Yuan Finance Ltd.

http://www.interest.co.nz/business/77392/department-internal-affairs-warns-jin-yuan-finance-ltd-over-lack-adequate-compliance

[supermanz88]

Chinese seems to be investing the whole world.

[eri]

[speights boy]

Chinese investors tipped to pump $17.2 billion into NZ property

A further $17.2 billion of Chinese money is expected to start pouring into the New Zealand property market as the Chinese government changes its rules on overseas investment

[PTILoveYou]

everyone seems to be scared of chinese investment and upset about chinese buying up houses.

but no one thank china for buying up nz exports.

anyways, complain all you like, its not going to prevent the inevitable

[Wayne]

anyways, complain all you like, its not going to prevent the inevitable

we will be assimilated

[elguapo]

anyways, complain all you like, its not going to prevent the inevitable

The only thing that is inevitable is change.

[Eugene]

NZ is a lighter shade of green than Aus, I guess that's a good thing, though worrying to see our western neighbour so dependent when our economies are linked

[Eugene]

we will be assimilated

Nothing against the Chinese, I don't want NZ to be assimilated by anyone; not even Australia

[Wayne]

The only thing that is inevitable is change.

And death
Oh and taxes

[Perry]

Can we add political lies to
that standard twosome?

[Damap]

Gary's dad buying up Fiji as well now :-)

http://www.ibtimes.com/chinese-bidders-buy-islands-greece-canada-fiji-online-auction-1838384