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Cedric Allan, a spokesman for Pengxin, said he believes the Chinese investment will benefit New Zealand under either measure, and he said he expects the sale will still go ahead after a second government review. "Personally, for me, the ruling is a big surprise, I hadn't read the Overseas Investment Act in that way," he said. "We're still pressing ahead as fast as we can, and we're still confident we are going to get the final signoff." The case has been watched closely by Chinese officials, who earlier expressed concern at delays in the sale. New Zealand relies on China to buy much of its farming exports, including its dairy products. In 2008, the two countries signed a free-trade agreement, the first such agreement between China and a developed nation.
[Associated
Press;
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