With the economy of New Zealand showing signs of stability and moderate growth, more and more nations are interested to invest in its bond market, particularly China.

This, as New Zealand scouts buyers for NZ$13.5 billion ($11 billion) of bonds in the year ending June 30, 2013.

"New Zealand is seen as a relatively safe haven in these difficult times and Chinese authorities want to diversify their international bond holdings," Finance Minister Bill English said in a speech to a conference on China in Wellington today. "China is also investing in New Zealand government bonds, contributing to record-low borrowing rates that New Zealand currently enjoys."

Debt investors find New Zealand, along with Australia, attractive destinations because of its political stability, aside from reasonable forecasts of economic growth, Mr English said.

For New Zealand, China was its 11th largest source of foreign direct investment in 2011, and 13th biggest investment destination.

"As long as that is the case, we are going to be the least ugly in a beauty parade of developed economies, none of which look too good," he told reporters after the speech, noting in order for New Zealand to encourage investment both to and from China, it should create a more strong trading relationship with the world's second largest economy.