>Offshore control of property can easily be weaponised, where it's not about investment but instead about legal denial of property to the locals.
>NZ suffers from some of this.
Given all of the geopolitical problems China's creating now that was absolutely the right call. Of course the country's still massively exposed with more than 30% of the economy built on trade with China. We've effectively handed an authoritarian regime a button which when pushed will trigger the outright destruction of our economy, and there aren't any politicians in parliament with the intelligence or foresight to see why that's a problem.
>NZ suffers from some of this.
Given all of the geopolitical problems China's creating now that was absolutely the right call. Of course the country's still massively exposed with more than 30% of the economy built on trade with China. We've effectively handed an authoritarian regime a button which when pushed will trigger the outright destruction of our economy, and there aren't any politicians in parliament with the intelligence or foresight to see why that's a problem.