New Zealand focuses on Eastern promise
<p><span word="New">New</span> <span word="Zealand">Zealand</span> <span word="is">is</span> <span word="shifting">shifting</span> <span word="the">the</span> <span word="focus">focus</span> <span word="of">of</span> <span word="its">its</span> <span word="economy">economy</span> <span word="away">away</span> <span word="from">from</span> <span word="Europe">Europe</span> <span word="and">and</span> <span word="the">the</span> <span word="US">US</span> <span word="to">to</span> <span word="the">the</span> <span word="emerging">emerging</span> <span word="markets">markets</span> <span word="led">led</span> <span word="by">by</span> <span word="China">China</span>, <span word="its">its</span> <span word="trade">trade</span> <span word="minister">minister</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="New">New</span> <span word="Zealand">Zealand</span> <span word="government">government</span> <span word="recently">recently</span> <span word="lowered">lowered</span> <span word="its">its</span> <span word="economic">economic</span> <span word="growth">growth</span> <span word="forecast">forecast</span> <span word="for">for</span> <span word="this">this</span> <span word="year">year</span> <span word="to">to</span> 2.8 <span word="percent">percent</span> <span word="from">from</span> 3.4 <span word="percent">percent</span>, <span word="due">due</span> <span word="mainly">mainly</span> <span word="to">to</span> <span word="the">the</span> <span word="European">European</span> <span word="debt">debt</span> <span word="crisis">crisis</span> <span word="and">and</span> <span word="the">the</span> <span word="weak">weak</span> <span word="recovery">recovery</span> <span word="in">in</span> <span word="the">the</span> <span word="US">US</span>.</p><p><span word="These">These</span> <span word="two">two</span> <span word="markets">markets</span> <span word="provided">provided</span> <span word="a">a</span> <span word="major">major</span> <span word="source">source</span> <span word="of">of</span> <span word="foreign">foreign</span> <span word="investment">investment</span> <span word="in">in</span> <span word="New">New</span> <span word="Zealand">Zealand</span> <span word="and">and</span> <span word="more">more</span> <span word="than">than</span> 60 <span word="percent">percent</span> <span word="of">of</span> <span word="its">its</span> <span word="exports">exports</span> <span word="went">went</span> <span word="to">to</span> <span word="developed">developed</span> <span word="nations">nations</span>.</p><p>"<span word="We">We</span> <span word="have">have</span> <span word="lowered">lowered</span> <span word="our">our</span> <span word="growth">growth</span> <span word="rate">rate</span> <span word="fractionally">fractionally</span>", <span word="but">but</span> "<span word="we">we</span> <span word="are">are</span> <span word="much">much</span> <span word="more">more</span> <span word="optimistic">optimistic</span> <span word="about">about</span> <span word="the">the</span> <span word="economy">economy</span> <span word="in">in</span> <span word="the">the</span> <span word="long">long</span> <span word="term">term</span>, <span word="mainly">mainly</span> <span word="because">because</span> <span word="we">we</span> <span word="have">have</span> <span word="successfully">successfully</span> <span word="repositioned">repositioned</span> <span word="ourselves">ourselves</span> <span word="toward">toward</span> <span word="the">the</span> <span word="emerging">emerging</span> <span word="economies">economies</span> <span word="led">led</span> <span word="by">by</span> <span word="China">China</span>," <span word="Tim">Tim</span> <span word="Groser">Groser</span>, <span word="minister">minister</span> <span word="of">of</span> <span word="trade">trade</span> <span word="and">and</span> <span word="associate">associate</span> <span word="minister">minister</span> <span word="of">of</span> <span word="foreign">foreign</span> <span word="affairs">affairs</span>, <span word="told">told</span> <span word="China">China</span> <span word="Daily">Daily</span>.</p><p><span word="China">China</span> <span word="is">is</span> <span word="the">the</span> <span word="world">world</span>'<span word="s">s</span> <span word="fifth">fifth</span>-<span word="largest">largest</span> <span word="investing">investing</span> <span word="nation">nation</span>, <span word="and">and</span> <span word="capital">capital</span> <span word="from">from</span> <span word="it">it</span> <span word="has">has</span> <span word="mainly">mainly</span> <span word="flowed">flowed</span> <span word="to">to</span> <span word="the">the</span> <span word="Asia">Asia</span>-<span word="Pacific">Pacific</span> <span word="region">region</span>, <span word="especially">especially</span> <span word="to">to</span> <span word="the">the</span> <span word="mining">mining</span> <span word="and">and</span> <span word="commerce">commerce</span> <span word="sectors">sectors</span>.</p><p><span word="Forestry">Forestry</span>, <span word="especially">especially</span> <span word="timber">timber</span> <span word="processing">processing</span>, <span word="and">and</span> <span word="aquaculture">aquaculture</span> <span word="are">are</span> <span word="two">two</span> <span word="key">key</span> <span word="sectors">sectors</span> <span word="that">that</span> <span word="New">New</span> <span word="Zealand">Zealand</span> <span word="would">would</span> <span word="like">like</span> <span word="to">to</span> <span word="see">see</span> <span word="more">more</span> <span word="investment">investment</span> <span word="in">in</span>.</p><p><span word="Aquaculture">Aquaculture</span> <span word="is">is</span> <span word="an">an</span> <span word="obvious">obvious</span> <span word="resource">resource</span> <span word="in">in</span> <span word="a">a</span> <span word="land">land</span> <span word="surrounded">surrounded</span> <span word="by">by</span> <span word="the">the</span> <span word="sea">sea</span> <span word="and">and</span> <span word="Chinese">Chinese</span> <span word="capital">capital</span> <span word="would">would</span> <span word="be">be</span> <span word="welcomed">welcomed</span> <span word="to">to</span> <span word="develop">develop</span> <span word="its">its</span> <span word="potential">potential</span>, <span word="he">he</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="countries">countries</span> <span word="signed">signed</span> <span word="a">a</span> <span word="free">free</span> <span word="trade">trade</span> <span word="agreement">agreement</span> <span word="in">in</span> <span word="April">April</span> 2008, <span word="which">which</span> <span word="came">came</span> <span word="into">into</span> <span word="force">force</span> <span word="in">in</span> <span word="October">October</span> <span word="that">that</span> <span word="year">year</span>. <span word="This">This</span> <span word="was">was</span> <span word="the">the</span> <span word="first">first</span> <span word="FTA">FTA</span> <span word="that">that</span> <span word="China">China</span> <span word="signed">signed</span> <span word="with">with</span> <span word="a">a</span> <span word="developed">developed</span> <span word="nation">nation</span>.</p>
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