AUCKLAND. Apr 3: Auckland's economy has reaped about 510 million dollars (750 million NZ dollars) brought by migrating Taiwanese in the Bst year, a New Zealand China a de Association seminar has heard, reports AP.

Tony Browne,' the executive director of the New Zealand Commerce and Industry office in Taiwan, said Wednesday the estimate was derived from his office's calculations and Taiwan banking sources.

He said New Zealand had the world's fastest growing and most recently established overseas Taiwanese community. and the Taipei authorities there took a close interest in the affairs of Taiwanese migrants.

Similarly. Carl Walker, the consul-general for Hong Kong, said the growth in migrants to New Zealand over the last decade had been a major aspect of the country’s economic development.

Along with this mixing of populations, the three Chinese economies were increasingly Important markets for New Zealand.

Hong Kong was New Zealand’s sixth-largest export

market and Taiwan its seventh. as well as its fifth largest source of tourists.

The New Zealand ambassador in Peking. Chris Elder, said many New Zealanders attitude to China was stuck in the 1950s. They still viewed it as an impoverished nation. China's economy doubled in size in the 1980s and doubled again between 1990 and 1995. he said.

A World Bank study on what China would look like in 2020 Einted to its economy being

If as large again as that of the United States. By 2010. China was expected to produce about 17 per cent of the world's manufactured goods.

Elder, said mat. in his. view, China's direction toward a free economy was irreversible. About 85 per cent of agricultural goods, were traded on the free market.

Elder said he was seeing much greater attention from other Asian countries to what China was doing and an increased willingness to let China signal leads in Asian issues. The future suggested an increasingly coherent Asia grouping. with China at Its