14 Aug 2012

English baffled by Chinese investment level

1:44 pm on 14 August 2012

Finance Minister Bill English says Chinese investment in New Zealand is remarkably low, but he's at a loss to explain why.

Speaking at a conference on China in Wellington on Monday, Mr English said China has invested less than $2 billion in New Zealand, making it the 11th biggest source of foreign direct investment.

New Zealand has less than $1 billion invested in China.

Mr English says such a small amount of investment is unusual in light of the large trade flows between the two countries.

He says New Zealand's size could account for the lack of Chinese investment here so far.