Bill English has stopped the sale of BlueScope’s Taharoa ironsands business to a Chinese investor based on the fact that it won’t bring any value to New Zealand. Good on him. If we aren’t going to profit from investment then why should we allow it?
Of course there is the small issue of hypocrisy given John Key’s wailing over the last government’s decision to stop a similar sale of the Auckland airport but I’m sure somebody from the right will be able to explain here why that was completely different.
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