After John Key’s jaw dropping acquiescence to China recently plus the fact that the Blue Dragons (NZ-Chinese National supporters) are one of then most powerful factions inside National now plus Luxon’s comments on taking Chinese money to build our roads all add to the criticism that National is little more than a front for Chinese Business interests!
Jenny Shipley, Don Brash, Ruth Richardson and Chris Tremain are Director’s of the China Construction Bank, Judith Collins interaction with Chinese Officials to help her husbands Chinese Company, Oravida, to gain more Chinese money and Maurice Williamson’s love affair with Donghua Liu saw him become Liu’s personal handyman when doing up Liu’s batch and heavying the Police to drop domestic violence charges.
There was also the wee issue of a Chinese Spy inside the National Party as an MP.
National are the Political Party of Corporate Dairy Farmers and the Corporate Dairy Farmers who followed John Key’s ‘All our Cows in one Beijing paddock’ strategy’ have ended up becoming indebted to our Chinese Economic Overlords…
Fonterra’s milk price chop predicted to hit tax take and GDP hard, big farmer losses ahead
A deep cut in Fonterra’s milk price forecast will wipe $5 billion off the country’s GDP and most dairy farmers will make significant losses this year, according to a leading agri-economist.
It will also impede the ability of New Zealand’s exports to pay for imports and put a dent in the Government’s tax take.
Veteran rural economist Phil Journeaux said that, even before Friday’s sharp reduction of $1/kg of milksolids in the mid-point of Fonterra’s forecast price range for the current season – from $8/kg to $7/kg – modelling had shown that the downturn in global milk prices and soaring cost increases meant the average Waikato-Bay of Plenty farmer stood to make a loss of $54,000.
For Fonterra farmers that loss was offset by the Fonterra share dividend and a scheduled capital return from the company. But Friday’s announcement had turned the loss into $80,000, Journeaux said.
To break even under today’s economic pressures, the average dairy farmer needs $8/kg, according to modelling.
…while our Chinese Economic Overlords build their own mega Dairy Farms that will utterly undermine our dependent industry…
Going bigger! Big scale dairy farming a main trend in China
China’s dairy farming industry has transformed over the last 2 decades and today the main trend is big scale farming.
In 2019 the annual milk production in China was 32 billion kg and according to the ‘China Dairy Industry Statistics 2020’ the 25 largest farming companies of milk delivered 9,4 billion kg of the country’s production or contributed 29%. These farming companies had 1.7 million dairy cattle or on average nearly 68 thousand animals each.
…they will overtake us and undermine us and National with their Corporate Dairy mates have set us up on a conclusion course of geopolitical tensions.
Let’s be clear, we have no issue with the Chinese people or China, our problem is with their authoritarian régime however National seem more concerned with Chinese business interests than they are with our national interests!
National’s devotion for China is not safe and neither is the coming dairy death spiral.
We have put all our cows in one Beijing paddock and it is coming back to bite us in the arse!
No wonder John Key sings Xi’s praises whenever he can!
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These people aren’t asking the Chinese to rebuild the collapsed railways and tramways, the decrepit coastal shipping system, the mothballed mines and refineries, or negotiating to bring back on-shore advanced industry. Instead they’re just more corrupt politicians lining their own pockets!
At least the debate about finding some trading partners who might actually aid in one’s own domestic economic development (instead of just stripping the wealth and shipping it all abroad) is now “allowed” to be had. The monopoly press barons would have suppressed all discussion of such a thing until recently.
Martyn – Remember Labour’s MP Raymond Hu? The same MP that had very strong ties to the Chinese Communist Party, and that the USA did not want looking at highly sensitive information regarding China?
Someone is trying to destroy pour democracy just like they infiltrated the USA who paid for Julian Bachelor’s 350 thousand propaganda pamphlets. I say follow the money.
I doubt it would be China, funding religious zealots would more likely to be western oligarchs. They do have a history of doing exactly this.
Good thoughts. Similar to who is paying for the Dairy Owners campaign against shutting down sales of tobacco products.
Hidden funding. I would suggest that Bachelor gets his dosh from NatAct either directly or through some church group. Brethren maybe. After all they illicitly backed Key.
You mean the ‘Christian evangelist’ – cum real estate agent Julian Batchelor, who blatantly ignores the very basic precepts of the Christian faith?
How anyone can believe him, much less take him seriously, is beyond me!
Not sure how China is a “threat”. They have propped up NZ’s economy since 2008, and it was Labour who signed the FTA with them, and Labour who has continued with them as our major trading partner. Not sure how that is a a ‘threat’.
Of course we should diversify, but who has even said we should not. The fact is most countries have China as their major trading partner in any case.
What we should be doing is developing our knowledge and high tech sectors so our economy is not reliant on primary products , but with physics, chemistry, and biology being ripped out of the curriculum, there is not much hope of that. Post modernism is the pathway to a pre-industrial shithole society.
“What we should be doing is developing our knowledge and high tech sectors so our economy is not reliant on primary products”
This country has been trying to diversify since Britain joined the EEC. In that time primary producers have diversified, wine, deer, forests, merino garments, kiwifruits and tourism while much sheep and cropping were swapped for dairy. And there has been progress on adding value to primary produce in many areas but still we export bulk milk powder, carcass, logs and unprocessed fish. And ludicrously we exported kiwifruit and cow genetics for a quick buck.
Other parts of the economy that don’t earn their overseas keep.
The manufacturing sector which had started exporting in the eighties was destroyed by Roger Douglas. Any really successful world class tech companies move offshore.
Nationals solution to fix this imbalance was shadow banking. Labour and the Greens have attempted to destroy the oil and gas industry and leave the country over a strategic barrel.
Why has the country not built green business, solar cell plants, successful wind turbine factories, battery factories plus human and animal pharmaceutical businesses?
No plan. No government investment at scale.
Why does USA have such great tech? Huge taxpayer funded military scientific research. If NZ put the the equivalent amount of money into peaceful science and retained the resulting companies (in a sovereign wealth fund) we would become wealthy nation again.
The problem is, when you are dealing with any Chinese business, it is not the same as other countries where it is likely to be independent of their government.
All Chinese business are beholden to the CCP Chinese Criminal Party. And you can be assured there will be used for nefarious activities and strategies to advance the CCP.
As at march 2019 the levels of farm debt had increased by “270% over 20 years”
2021-22 was the highest price/return paid for milk solids at $9.50 per kg ,,, going back in time if we account for inflation the $8.50 price paid in 2013-14 could be slightly more in real terms …. https://www.interest.co.nz/rural-data/dairy-industry-payout-history
But high debt levels and rising interest rates combined with inflation for business expenses has some farmers on shaky/for-closure ground.
It should also be noted the toxic tax haven/off-shore system which both National and Act fully support means that overseas buyers/investors of farms & forests are actually ‘asset strippers’ who can structure their farm/forest purchases in ways that ‘creatively’ ensure that no profit is ever made (on paper) so no tax is paid in New Zealand.
This asset stripping jiggery-pokery means they can pay higher prices for the farms/forests they buy ,,, which pushes up the asking prices for New Zealanders ,,, adding to the debt taken on for New Zealand buyers, and without the off-shore pay no tax rorts being available to them.
High rates of farmer stress and suicides are just a symptom of the self harming system that New Zealand is politically allowing and following.
Our own politicians are a much bigger threat to us than China.,,, they like other foreigners just take advantage.
“New Zealand observers were left more than astonished yesterday when news reports revealed that the Tiong family, owners of Rimbunan Hijau, now diversified into a massive conglomerate, have emerged as the second biggest landowner in that country with a massive 77,686 hectares in their name.
Significantly, the other three also of the four largest landowners in the country are also foreign loggers” ,,,, https://www.sarawakreport.org/2019/10/no-profits-from-malaysia-and-papua-new-guinea-but-vast-assets-in-nz/ …. no profits made here either I bet
After talking with Todd McClay lately National want to focus on India more instead of Mahuta’s dropped ball with them. That alone is 104 Billion over UK 48Million and all of E.Union 408Million varies NZ far better and removes our reliance on China.
It isn’t rocket science – just a lack of this Govt to do the mathematical economic due diligence for NZ.
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