China has bought 5 per cent of the Ukraine's land to farm, as demand for food grows. The deal is initially for 100,000ha - an area about the size of Hong Kong - and increasingly to 3 million hectares (the size of Belgium) over the next 50 years. The land will be used mainly for growing crops and raising pigs. The deal, estimated as worth $2.6 billion, is an unprecedented foreign investment for Ukraine's agricultural industry. China already has about 2 million hectares of overseas farmland. (Source: South China Morning Post)
Alien investors
Twitter diva @CateOwen asks her followers: "And who owns all the homes in Auckland?! Who is actually pushing the prices up?"
Answer 1:
"I know a couple who have retired to Central Otago who own over 200 homes in Auckland."
