Space Industry and Business News
TRADE WARS
NZ election frontrunner backs Chinese cash for roads
NZ election frontrunner backs Chinese cash for roads
by AFP Staff Writers
Sydney (AFP) Aug 4, 2023

The leader of New Zealand's political opposition said Friday he would "absolutely" accept money from China to fund new roads if his party wins October's general election.

Christopher Luxon, from New Zealand's right-of-centre National Party, is currently ahead in opinion polls against the incumbent centre-left government led by Prime Minister Chris Hipkins.

Asked if he would turn to Beijing to fund a massive road infrastructure project worth NZ$24 billion (US$14.6 billion), Luxon told public broadcaster TVNZ: "Yeah, absolutely."

"New Zealand is a country the same size as Great Britain and Japan, we have five million people in it," he said.

"A strong and resilient roading network will be absolutely critical to our future."

New Zealand's relationship with China is a hot-button issue, with traditional allies like the United States and Australia fearing Wellington is edging evermore into Beijing's political orbit.

New Zealand governments of all political stripes are careful not to criticise Beijing too forcefully on issues like human rights -- for fear of angering the country's largest trading partner.

Luxon's willingness to accept Chinese investment is likely to raise yet further concerns in Washington.

Under Beijing's Belt and Road Initiative, China has funded major infrastructure projects around the world.

But the programme has been criticised for saddling recipient nations with onerous levels of debt and being a tool for Chinese political leverage.

Recipients have often backed China's positions or remained silent about contentious issues like human rights violations or territorial claims in the South China Sea.

Asked if China would want something in return, such as being able to send its own workers to build the projects, Luxon replied: "That's not going to happen.

"That's quite a xenophobic response and a pretty simplistic response."

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
House lawmakers accuse prominent investment firms of steering U.S. dollars to China
Washington DC (UPI) Aug 2, 2023
The House Select Committee on the Chinese Communist Party launched an investigation into two lucrative New York-based global investment firms suspected of funneling U.S. dollars into blacklisted Chinese companies. The committee sent letters to Morgan Stanley Capital International and BlackRock - two of the world's preeminent financial institutions in the asset management industry - accusing them of pouring millions of dollars in American pensions and savings into dozens of banned companies th ... read more

TRADE WARS
New method simplifies the construction process for complex materials

Sensing and controlling microscopic spin density in materials

DLR harnesses 3D Printing for efficient production of spaceflight components

Scientists discover unusual ultrafast motion in layered magnetic materials

TRADE WARS
Hisdesat announces the launch of first SpainSat NG satellite for summer of 2024

ATLAS Space launches Freedom Space for Government Missions

SYRACUSE 4B Satellite Launched: Boost for French Military Communications

DoD awards Global X-Band Blanket Purchase Agreement to SES

TRADE WARS
TRADE WARS
New Galileo station goes on duty

Potential earthquake precursor discovered through GPS measurements

Northrop Grumman's new airborne navigation system achieves successful flight test

Fugro and GomSpace deliver world class position and timing accuracy onboard LEO satellites

TRADE WARS
Cathay Pacific rebounds to first-half profit as travel picks up

DLR conducts first flight of HyBird demonstrator

Poland reinforces eastern border after airspace violation

No hope of survivors from downed Australian military helicopter: govt

TRADE WARS
Biden announces curbs on US investments in China

Faster thin film devices for energy storage and electronics

Why Europe is hungry for chips

A molecular additive enhances next-gen LEDs - but shortens their lifespans

TRADE WARS
China launches Fengyun-3 satellite

Dune patterns reveal environmental change on Earth and other planets

NASA-led Mission to Map Air Pollution in 3D Over Megacities

PlanetiQ Commences Daily Deliveries of High-Quality GNSS-RO Data to NOAA

TRADE WARS
Plastic litter in oceans overestimated, study suggests

Rwanda imposes curfew to curb noise pollution

EU looks to ban harmful chemicals in imported toys

Singapore races to save 'Garbage of Eden'

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.