MSM is saying this:
New Zealand has broken with its “Five Eyes” intelligence partners as it pursues a closer alliance with China
New Zealand’s foreign minister said she would not allow the intelligence alliance to dictate the country’s dealings with China, putting it at odds with the other members of the ‘Five Eyes’ alliance: the UK, US, Canada and Australia.
But SkyNews Australia is reporting this as "Woke culture now becoming a national security risk" :
New Zealand is selling out Australia – and the west – to keep sweet with the genocidal Chinese dictatorship
EDIT: This just happened and is definitely connected:
Australia severs regional ‘Belt & Road’ deals with China, FM Payne says deals with Beijing inconsistent with Australia’s foreign policy
https://greatawakening.win/p/12iNC9dIt1/australia-severs-regional-belt--/c/
Maybe. The UK is doing damage control and playing this down already.
Maybe they are looking to form a new alliance (after being scretly booted out possibly?) which Jacinda Arden seems to be hinting at here: https://www.tvnz.co.nz/one-news/new-zealand/ardern-say-nz-should-raise-global-concerns-appropriate-platform-following-mahuta-s-comments-five-eyes
Or maybe they are just scared of China after they issued this threat
All I know, this is definitely something to keep eyes on.