New Zealand to widen powers to block foreign investment on security grounds

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Move comes amid growing concern in west over risk of China acquiring technology with both military and civilian uses

New Zealand said on Tuesday it will widen government powers to block foreign investment on national security grounds and ramp up oversight of strategically important industries already subject to screening.

The planned legislation would allow the government to intervene in investments not usually subject to screening but which may provoke concern, such as firms developing military technology and media entities.

Related: Billionaires’ bolthole: how New Zealand became an escapee’s paradise

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Source: china
Link : New Zealand to widen powers to block foreign investment on security grounds

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