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English Says CIC Investing in N.Z. Debt Wouldn’t Be Surprise

New Zealand Finance Minister Bill English said investments in his government’s bonds by China’s sovereign wealth fund wouldn’t be surprising after a report the Beijing-based company may buy some of the island nation’s debt.

“I wouldn’t be surprised if they allocate a tiny slip of it to New Zealand and a slightly larger slip of it to Australia,” English said at an event in Hong Kong today.