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Speaker 1: Now the Chinese premier is going to visit New Zealand.

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Speaker 1: It's the first time since twenty seventeen. We spoke to

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Speaker 1: Trade Minister Tod McLay about it earlier and right now.

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Speaker 1: En Zigny's business commentator Franoe Sullivan's with that's hello, fran

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Speaker 1: good evening. How significant do you think this is?

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Speaker 2: Well, it's very significant us for the very reason you

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Speaker 2: said there hasn't been a visit for a very long time.

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Speaker 2: More particularly, I mean really really that he's coming here

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Speaker 2: because he's also going to Australia and essentially they've warmed

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Speaker 2: that relationship up a bit now and the coercive behavior

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Speaker 2: that China was exhibiting towards Australia has pretty much stopped

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Speaker 2: and normal trade has resumed. And that's been something which

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Speaker 2: has happened under alban Easy. We haven't had anything like

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Speaker 2: that in our own relationship with China. We've been quite careful,

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Speaker 2: we do. Over the last few years we've taken a

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Speaker 2: much more robust approach and talked more openly about the

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Speaker 2: things that concern New Zealand res of China's behavior, for

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Speaker 2: instance in the South China Sea, and more recently you know,

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Speaker 2: issues around orcus where essentially the government and is sort

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Speaker 2: of has taken the view that it will make its

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Speaker 2: own mind what does in New Zealand security interests and

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Speaker 2: so it's much more plain speaking now and it's taken

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Speaker 2: China a while to get used to that, and you

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Speaker 2: know it's going to be interesting. I'm picking it will

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Speaker 2: be a pretty constructive visit though. I mean, you know,

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Speaker 2: they'll have.

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Speaker 1: One of the things round that we need more than

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Speaker 1: anything right now is investment in this country. Right Is

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Speaker 1: there a direct line between somebody like him turning up

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Speaker 1: and businesses in China seeing yep, it's a stable relationship

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Speaker 1: and therefore investing in us.

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Speaker 2: Well, I think that that is very much part of it,

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Speaker 2: and there will be business optimism as a result of this.

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Speaker 2: It's not so much China investing in here. It's more

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Speaker 2: China buying our goods. That's the big thing. We do

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Speaker 2: actually haveinancial Chinese investment in New Zealand, and a lot

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Speaker 2: of the Chinese investment is sort of staying home at

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Speaker 2: the moment because things have been pretty pinched there and

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Speaker 2: people have got overstretched with some of the large companies.

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Speaker 2: So you know, that sort of hauled back of it.

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Speaker 2: And one of the things China does want it is

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Speaker 2: much more streamline investment. It will want to know, for instance,

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Speaker 2: you know how the government would apply a security lens

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Speaker 2: to any application by a major China company to perhaps

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Speaker 2: come and here be enrolled with energy or whatever, something

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Speaker 2: which could significantly have a major impact in New Zealand.

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Speaker 2: So these are the things that behind scenes we talked about.

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Speaker 2: But we do expect the comprehensive strategic partnership will be

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Speaker 2: upgraded than the movements on services trade trying to wants

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Speaker 2: faster visa entry. I mean it's painfully slow and it's

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Speaker 2: actually hindering tourism and New Zealand as well. So there's

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Speaker 2: a range of things. But after very very long time,

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Speaker 2: and also after having had the COVID period as well,

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Speaker 2: it's good to get this going too.

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Speaker 1: Right.

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Speaker 2: There's a lot of tension out there as no in

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Speaker 2: the Pacific, and we're part of that as well. Yeah,

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Speaker 2: I think, you know, hopefully the spy is a few

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Speaker 2: more years, a lot of peace.

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Speaker 1: Yeah, dialogue is better than no dialogue. Hey friend, Thank

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Speaker 1: you very much as always, friend of Sullivan in Zimy's

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