More NZ immigrants from China than UK
China has overtaken the UK as the biggest source of migrants moving to New Zealand. Permanent residence was granted to 5,794 Chinese citizens between June 2012 and July 2013, an increase of 7.1 per cent on the same period a year earlier. The number of UK citizens granted permanent residence was 5,184, a drop on 14.1 per cent.
The third largest source of migrants was India with 5,128 residency applications approved. The latest government figures suggest an immigration shift from North America and Europe to Asia.
New Zealand is a popular destination for Chinese citizens wanting to escape the pollution at home. The country is also attractive to parents wishing to send their children to New Zealand schools.
Michael Woodhouse, the Immigration Minister, said one of the reasons for the increase in Chinese immigrants is the growing economic tie between China and New Zealand. Last year China overtook Australia as New Zealand’s biggest trading partner.
However there have been concerns that because many of the Chinese immigrants are old they are not contributing to the tax base. Mr Woodhouse refutes this saying that the average Chinese resident is actually younger than immigrants coming from other countries.
The NZD exchange rates on 12/03/2014 were as follows: GBP NZD = 1.9502, EUR NZD = 1.6314, USD NZD = 1.1734, AUD NZD = 1.0556, CHF NZD = 1.3422, INR NZD = 0.0192, AED NZD = 0.3197, MXN NZD = 0.0886, CAD NZD = 1.0554, ZAR NZD = 0.1086, RUB NZD = 0.0322, . See today's New Zealand Dollar Exchange Rate
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