The Government of New Zealand and the Government of the People's Republic of China (each hereinafter referred to as a "Contracting Party") ;

DESIRING to create favourable conditions for greater economic cooperation between them and in particular for investments by nationals and companies of one Contracting Party in the territory of the other Contracting Party based on the principles of equality, non-discrimination and mutual benefit ;

RECOGNISING that the encouragement and reciprocal protection of such investments will be conducive to stimulating business initiative and increasing economic

prosperity in both States ;