WELLINGTON, Jan. 23 (Xinhua) -- New Zealand Prime Minister Christopher Luxon delivered the State of the Nation Speech on Thursday, stressing turbocharging economic growth to be the key to improving Kiwis' life.
Luxon laid out the path to prosperity, acknowledging that it is currently a tough time for many New Zealanders as the country has "experienced the biggest recession since the early 1990s."
The prime minister announced major changes to the science and innovation sector and overseas investment.
Supporting the science and innovation sector will drive productivity and lift incomes, Luxon said, adding that four public research organizations will be established to focus on bio-economy, earth sciences, health and forensic sciences, and advanced technology.
"Right now, scientists see too few of the proceeds of their own research. We're going to change that," he said.
Meanwhile, the investment process will be streamlined as Invest New Zealand will be established as the government's one-stop-shop for foreign direct investment, providing tailored support to foreign investors. ■
