The Chinese have billions of dollars to spend, and they want to buy our assets.
It sounds like the start of a chilling NZ First election ad. But it also appears to be true.
We need to exercise some caution about foreign investment, but we should welcome it if we can be satisfied that it will help to grow our economy.
Checkpoint had an interview with Beijing-based investment banker David Mahon, where he opined that we should be letting the Chinese buy shares in our state assets. I am not convinced by the need to sell state assets at all, but it would seem the height of madness to allow even more of our critical infrastructure assets to be owned by offshore interests.
If the Chinese want to spend money here to help grow new businesses, or to breathe life into floundering and cash-starved Kiwi ventures, then we should encourage them.
But if their investment strategy is to buy up shares in existing profitable businesses and export the profits offshore, we'd have to ask what's in it for us.