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New Zealand Vetoed a Chinese Commercial Acquisition Deal

Well-known Chinese news site Sina recently reported that the New Zealand government officially announced that it vetoed a proposal that a Shanghai-based Chinese company acquire a farm in New Zealand. The Chinese company told the media that they were very much surprised by the announcement and were disappointed too. The company does not plan to give up immediately and is working with a consulting firm on the next step. The New Zealand government stated that the denial was based on the public’s concern about foreign capital owning land. The same Chinese company was stopped when it attempted to buy farms in New Zealand in 2012. There was a court ruling then. There have been reports saying that the opposition party, the New Zealand Conservatives, insisted that the Chinese deal was not in the best interest of New Zealand. 
Source: Sina, September 18, 2015