You sound disappointed about this EZ. I think its a great news story. A large Chinese investor has come and invested in a great NZ company built on "knowhow", but could not really make it on its own in a very competitive World. Haier has done what they said and have kept the R&D in NZ and are now increasing it greatly. This is a good vote of confidence in the NZ economy and the Kiwi workforce by a very large multinational. We should rejoice at such news. Its a shame the Chinese investor in PGW is not of the same caliber !