Rarotonga is a very popular tourist destination with many resorts, hotels and motels. The chief town, Avarua, on the north coast, is the capital of the Cook Islands. The volcanic island of Rarotonga stands over 14,750 feet (4,500 meters) above the ocean floor. It is 32 km (20 miles) in circumference and has an area of 67.19 km (26 square miles). At a depth of 4,000 m (13,000 ft) the volcano is nearly 50 km (31 miles) in diameter. Te Manga, at 658 m (2,140 ft) above sea level, is the highest peak on the island. The island is surrounded by
Beijing Capital Group in 2012 in Chateauroux, France was the first large-scale comprehensive industrial park in a developed country established and operated by a Chinese enterprise. The Beijing Capital Group acquired Trans-Pacific Industries (TPI) in New Zealand in June 2014 for NZ$950 million and set up the Beijing Capital Waste Management NZ Ltd (BCWM NZ). Regulatory approval was received from the New Zealand Government's Overseas Investment Office (OIO) in October 2013. In the New Zealand solid waste disposal sector, BCWM NZ has the largest market share, at 31 percent. Till date, BCG's investment in BCWM NZ is the single largest Chinese direct investment