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New Zealand's investment network to lure more Chinese investors (4)

(Xinhua)

08:44, November 27, 2012

Likewise, New Zealand businessmen should learn at least "a little bit of Mandarin" and something about Chinese culture to demonstrate "that you're trying hard and you're genuine."

"It takes time to build trust and to actually have understanding both ways understanding what each side wants," Leong said. "I would envisage that it would take a while for there to be traction."

Leong said that what is lacking is a more formal network so investors can look at specific businesses wanting to raise money. "Chinese investors don't necessarily know where to go to find those opportunities," Leong added.

But beyond the business benefits, Leong and Ogilvie see far- reaching social and international effects from Chinese investment in New Zealand.

Ogilvie said the concept of Chinese Ice Angels was formed when he failed to see Asian faces in the business community and this is obvious on Auckland streets.

"If you look around the investment meetings, it's almost a totally Caucasian crowd," said Ogilvie, adding that Chinese investors often see business as an entry into the wider community.

Leong agrees: "Chinese investment is good for the country and good for social cohesion. The Chinese in New Zealand want to get involved, but often they don't know how."


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