Foreign-owned land accounts for about 2.7% of all U.S. farmland and forest land, which, according to the Department of Agriculture, is about 897 million acres. Outward FDI stock share of state-owned and private enterprises in China 2011-2021 FDI outflows from Chinese central enterprises in non-financial sectors 2011-2021 Value of Chinese FDI flows to the . Now China owns the airspace and Australian citizens can't land in their own country without approval from the Chinese government. In simpler terms, the government wrote itself a really big IOU and bankrupted one account to finance another activity. While lawmakers remain laser-focused on Chinese buyers, other nationals own much more agricultural property in the United States. ThoughtCo. Is it better to pay off credit card or pay down? As a presidential candidate in 2019, Warren said she would support a national version of Iowas law along with safeguards against foreign investors using fake American buyers to circumvent the rules. This also reduces the purchasing power of Chinese earners. The top two foreign holders of U.S. debt are Japan and China. 'American Soil' Is Increasingly Foreign Owned : NPR What US companies are now owned by China? [Online]. Most countries want their currency values to fall so they can win global currency wars. China does not publish the. China is also responding to accusations of manipulation. It has opened yuan trading centers in London and Frankfurt. Of that, 195,000 acres, worth almost $2 billion when purchased, are. By mid-2017, the total amount of official debt owed by the federal, state, and local governments was more than $19.8 trillion. WH Group is a publicly-traded company with shareholders around the world. American Companies You Didn't Know Were Owned By Chinese Investors That made the yuan more attractive to forex traders in global markets. Business Solutions including all features. Her modest, two-story white farmhouse has . The government now provides affordable housing by subsidizing commercial housing purchases or by offering low-rent public (social) housing to middle- and low-income families. That data also shows that the approximately 190,000 acres of farmland owned by Chinese interests has remained virtually unchanged since 2013. These include: AMC Entertainment (entertainment), Cirrus Wind Energy (energy), Complete Genomics (health care), First International Oil (energy), G.E. It would perpetuate already rising anti-Asian hate, Meng warned at the markup. Secondly, China needs American markets to buy their exported goods. So, Lowes operates independently of Walmart. CLICK HERE FOR COMPLETE CORONAVIRUS COVERAGE, Times Square billboard endeavors to warn of creeping Chinese influence. You need at least a Starter Account to use this feature. Continuing a trend that began early in 2021, China's portfolio of U.S. government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. Of that, 195,000 acres, worth almost $2 billion when purchased, are owned by 85 Chinese investors, which could be individuals, companies or the government. If it were to call in its debt, U.S. interest rates and prices could rise, slowing U.S. economic growth. Even so, large land purchases present various localized concerns in the places where they occur. Its research is nonpartisan and nonproprietary. While Japans 4.8% ownership of the U.S. debt is only slightly less than Chinas 5.3%, the Japanese-owned debt is rarely depicted in a negative light, as is Chinas. Anyone can buy U.S. debt. ", National Association of Realtors, Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022 Statista, https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/ (last visited March 04, 2023), Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022 [Graph], National Association of Realtors, July 18, 2022. Quotes displayed in real-time or delayed by at least 15 minutes. National Association of Realtors. That would hurt China's competitiveness by raising the yuans value relative to the dollar. Chinese buyers comprise one of the largest groups of foreign buyers of residential property in the United States. This has been common practice for many countries ever since the Bretton Woods Conference in 1944. These are especially vital not only for high-technology products such as smartphones and electric vehicles but for U.S. frontline weapons including the F-35 fighter, which requires 920 pounds of rare earth minerals. How much of the USA is owned by China? This series of events prompted Congress to look at how to prevent Chinese ownership in U.S. agriculture, even though other foreign entities, like Brazilian-owned JBS, control similarly large portions of U.S. food supply chains. How much of the United States does China really own? ", Total number of residential properties bought by Canadian buyers in the U.S. 2010-22, Total property sales to foreign buyers in the U.S. 2010-2022, Share of Indian buyers of residential property in the U.S. 2011-2022, Total number of residential properties purchased by Indian buyers in the U.S. 2010-22. Pentagon releases list of companies linked to Chinese military Its also a small percentage of the nearly 900 million acres of total American farmland. Nations borrowing from each other may be as old as the concept of money. You only have access to basic statistics. For its part, China owned 191,000 acres worth $1.9 billion as of 2019. Japancommands the top spot among foreign creditors with $1.2 trillion4% of total U.S. debtowed by the U.S. government. Includes buyers from the People's Republic of China, Hong Kong and Taiwan. But the company backed out of its contract with USDA after an outcry from lawmakers led by Sen. Chuck Grassley (R-Iowa). Milos Maricic, an international affairs expert and World Economic Forum contributor, concurred that while China owns close to $150 billion in U.S. companies not particularly huge in comparison to the U.S. economy there is a lot about the available figure that we simply do not know. Since 2016, a company owned by Xinjiang-based real estate tycoon Sun Guangxin had spent an estimated $110 million buying up land in Texas' Val Verde County. This is partly because Japan is seen as a much friendlier nation and because Japans economy has been growing more slowly than Chinas over the last several years. National Association of Realtors. Citing national security concerns, the House Appropriations Committee included an amendment in the recent Department of Agriculture-Food and Drug Administration spending bill that prohibits the purchase of agricultural land located in the United States by Chinese-owned companies. What does China own in the U.S.? | CNBC Explains - YouTube As a Premium user you get access to the detailed source references and background information about this statistic. By the start of 2020, Chinese owners controlled about 192,000 agricultural acres in the U.S., worth $1.9 billion, including land used for farming, ranching and forestry, according to the Agriculture Department. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. More recently, U.S. authorities have discovered China is funding American university researchers, who don't always disclose those contributions. Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. The Chinese yuan, like the currencies of many nations, is tied to the U.S. dollar. Office of the Historian. ", The World Bank. More than 200 foreign firms mostly Chinese with a combined market capitalization of almost $2 trillion are said to not be meeting this standard; so their stocks are traded, but U.S. investors have limited insight into what is going on internally with the companies. By June 2017, the debt had grown to $19.8 trillion and was projected to top $20 trillion by January 2018. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. "Under China's Communist Party dictatorship, private companies are forced to bend to the government's will," the report states. U.S. Debt to China: How Much Is It, and Why? - The Balance Learn more about how Statista can support your business. These are accounts dedicated to Social Security, Medicare, and other entitlements. China owns roughly $1.08 trillion worth of U.S. debt. White House National Security Advisor Jake Sullivan said in a statement that the United States welcomes the commitments of Israel and the Palestinian Authority to reduce tensions and prevent further violence. Pallets of sod cover part of the 230 acre Kuenzi Turf & Nursery on June 2, 2021 in Salem, Oregon. The first and most important is that China wants its currency, the yuan, pegged to the dollar. While some states have strict laws in place, others are more open to foreign investments. Photo: GUILLAUME SOUVANT/AFP via Getty Images, Critical Questions These investments artificially increase the value of that land, which then denies young and beginning farmers opportunities to farm.. If you are an admin, please authenticate by logging in again. But Meng, Newhouse and committee leaders indicated they would find a solution as the legislation winds through Congress. Gates continues to deny any plot, telling Reddit users in January that he owns less than one four-thousandths of U.S. farmland and invests in farms to improve their production and create jobs. | RT @lillybug000: How much more does any American have to see to realize our government is owned by China. Representative Grace Meng expressed concern that the amendment could fuel already rising anti-Asian hate, and the USDA and advocacy groups have pointed out that the USDA does not have the authority to intervene in private land deals. It receives these dollars from Chinese companies that receive them as payments for their exports. The . A creditor nation has positive net investment after recording all of the financial transactions completed between it and the rest of the world. 18, far behind No. The United States currently produces more than enough food per capita, even after adjusting for food waste. "Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022." China holds more than $1 trillion of the U.S. national debt. Most states, like Texas and Maine, have no restrictions on foreign ownership of land, contributing to the large amount of farmland that is under foreign control in these states. Additionally, China is seeking to build 5G networks in the United States and other Western countries, which could potentially feed personal information and sensitive data to the Chinese Communist Party. Canadian investors hold the largest share of this land, at 29 percent, with the Netherlands, Italy, Germany, and the United Kingdom collectively owning another 33 percent. In addition to federal action, some states, like Arizona, could do more to protect their local resources and communities from exploitation by domestic and foreign entities. A2: On a large scale, these acquisitions do not represent a substantial enough portion of food production in the United States to threaten national food security. Chinese firms have bought AMC Entertainment, Legendary Entertainment, and other media companies. Retrieved from https://www.thoughtco.com/how-much-debt-does-china-own-3321769. For example, critics say that should the Chinese government suddenly call indemand immediate repaymentof all of the U.S. governments obligations, the American economy would be hopelessly crippled. Longley, Robert. The Chinese spy balloon shot down February 4 increased worries that foreign governments could use U.S. land for espionage efforts, reports the Journal. "Major Foreign Holders of Treasury Securities. And if you measure it by gross domestic product (GDP) and consider purchasing power parity (PPP), China is seen as the worlds largest economy. Please do not hesitate to contact me. (ChinaOwnsUs campaign). We are new in this process, said Rep. Sanford Bishop (D-Ga.), chair of the agriculture appropriations subcommittee. U.S . The 2011 U.S. Debt Ceiling Crisis was a contentious debate on the borrowing limit of the United States government in July 2011. IOUs are formed and financed through joint efforts of the U.S. Department of the Treasury and the Federal Reserve. That data also shows that the. 6 Modern U.S. Presidents Who Raised the Debt Ceiling, Expansionary vs. The amount of farmland owned by Chinese investors has remained relatively steady in recent years, according to the AFIDA data. Foreign ownership of U.S. agricultural land doubled from 2009 to 2019, according to U.S. Department of Agriculture (USDA) records, and policymakers have become increasingly concerned about foreign control of the U.S. food supply. Tucker Carlson: America's Leadership Class Spent Years Covering Up "China's Gold Market: Progress and Prospects," Page 2. Foreign Ownership and Holdings of U.S. Agricultural Land Chinese-Owned Farmland in U.S. Comes Under Scrutiny - Newsweek This intervention by the PBOC results in scarcity of U.S. dollars, which inflates their exchange rates. China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture. Historically, between 20,000 and 40,000 residential properties were bought by. The resulting loss of export business would lead to a major unemployment crisis in China. Use Ask Statista Research Service. Still, thats less than farmland owned by people from other nations like Canada and European countries, which account for millions of acres each. 10 iconic American companies owned by Chinese investors - CNBC Number of U.S. properties bought by Chinese 2022 | Statista "GDP growth (Annual %) - China. "We How much of America do foreigners really own? - MarketWatch Whether you're an American retiree or a Chinese bank, American debt is considered a sound investment. National Debt or Federal Deficit? 1 Canada (12.8 million acres) and even and the Cayman Islands (672,000). China, on the other hand, accounted for more than 80 percent of the world's supply," the report stated. That move followed a contentious debate over the potential consequences for Asian Americans if Congress adopted a provision aimed squarely at China. SWINE FLU STRAIN WITH 'HUMAN PANDEMIC POTENTIAL' FOUND IN MORE CHINESE PIGS, SCIENTISTS SAY. China's state-directed industrial policy has outmaneuvered America's laissez-faire approach to securing access around the world to a metal that's taking on growing economic and strategic . Despite holding little U.S. land, China remains focus of foreign Q2: What threats do foreign acquisitions of U.S. farmland pose? Does paying off all debt increase credit score? By artificially keeping the value of the yuan down, the government reduces the buying power of the Chinese middle class, thus making the sale of exports vital keeping the countrys economy moving. The Chinese government's theft of intellectual property has been an open secret for decades. Howard Evans on Twitter: "RT @lillybug000: How much more does any Who owns America? Hint: It's not China - CNN The quick answer is that as of January 2018, the Chinese owned $1.17 trillion of U.S. debt or about 19% of the total $6.26 trillion in Treasury bills, notes, and bonds held by foreign countries. On the other hand, if China were to call in its debt, the demand for the dollar could plummet. Of the 109 countries that own U.S. agricultural land, China ranks No. "Major Foreign Holders of Treasury Securities.". Foreign-owned land accounts for about 2.7% of all U.S. farmland and forest land, which, according to the Department of Agriculture, is about 897 million acres. In, National Association of Realtors. These include white papers, government data, original reporting, and interviews with industry experts. What is the highest credit limit for Chase Sapphire? The Chinese Investor owns about 14% of Snapchat's shares. They hold 50% of total shares through Walton Enterprises LLC and Walton Family Holdings Trust. ", The World Bank. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Many large corporations, pension funds, and wealthy individuals are investing in agricultural land in the United States and abroad. US Navy laments China's shipbuilding supremacy February 27, 2023; US dangles F-35 to lure India away from Russia February 27, 2023; Ukraine marks the future of remote-control war February 23, 2023; China's 'phantom space strike' made to spoof US defenses February 23, 2023; US secretly amassing killer drone swarms to repel China February . Legal Statement. Read our. Register in seconds and access exclusive features. The debate over farm ownership comes amid broader efforts by Congress and the Biden administration to curb the nations economic reliance on China, especially in key industries like food, semiconductors and minerals deemed crucial to the supply chain. If China called in all of its U.S. holdings, the U.S. dollar would depreciate, whereas the yuan would appreciate, making Chinese goods more expensive. Mutual Fund and ETF data provided by Refinitiv Lipper. To use individual functions (e.g., mark statistics as favourites, set Additionally, Walmart has never owned Dollar Tree and has no plans to acquire the business. Statista. U.S. consumers benefit from low consumer prices. While their market shares may be different percentages (Amazon owns 39% of all US ecommerce sales, while Alibaba owns 58.2% of all retail ecommerce shares in China), they each dominate their respective countries in which they began. Profit from the additional features of your individual account. You can only download this statistic as a Premium user. "China's Currency Policy," Page 1. This Treasury-led change makes it difficult to make long-term comparisons. As a major function of its monetary policy, China's central bank, the Peoples Bank of China (PBOC), actively works to prevent this imbalance between the U.S. dollar and renminbi in local markets. How Did the U.S. National Debt Get So Big? And its findings may be surprising to some. In the wake of Covid-19 supply chain disruptions and escalating tensions with China, U.S. lawmakers have specifically increased scrutiny of purchases by Chinese investors. As it is not known exactly how much US land is owned by China. We also reference original research from other reputable publishers where appropriate. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. "Chinas Economic Rise: History, Trends, Challenges, and Implications for the United States.". Rep. Grace Meng, D-N.Y. speaks during a news conference on Capitol Hill, on May 27, 2020, in Washington. It's politically popular to say that the Chinese "own the United States" because they are such a huge creditor. Congress can then increase the federal spending that spurs U.S. economic growth. Policymakers should, instead, consider the many threats facing the future of the U.S. food system and ensure that current and aspiring farmers have the resources they need to secure long-term U.S. food production, starting with access to affordable farmland. The reality is very different than the rhetoric. Christmas in Mainland China is not a public holiday and is not related to religion at all. TreasuryDirect. The rest of the $29 trillion national debt is owned by either people in the U.S. or by the U.S. government itself. Angela Huffman is a sixth-generation farmer in Wyandot County, which, along with Paulding County, has more than 41,000 acres of foreign-owned farmland. Although Congress has become increasingly concerned about Chinese land purchases, investors from China currently own only a small fraction of this land, at 191,652 acres (0.05 percent of the total). I would suggest that we sit down and we work through it so we can accomplish our objective, but do it in a way that is sensitive to all those who might be somewhat offended by the approach.. This drives China to accumulate U.S. dollars as foreign exchange (forex) reserves. The FARMForeign Adversary Risk Managementact, introduced in the House of Representatives and the Senate on January 25, would trigger a Department of Agriculture and Government Accountability Office investigation into foreign influence on Americas agriculture industry. "The number is very difficult to gauge correctly due to complicated ownership structures that the Chinese sometimes employ. On Friday, Starwood Hotels agreed to be acquired by Anbang, a Chinese insurance company that is rapidly buying up U.S. hotels, for over $13 billion . https://www.thoughtco.com/how-much-debt-does-china-own-3321769 (accessed March 4, 2023). Chinese lenders snap up so much of the U.S. debt for one basic economic reason: protecting its dollar-pegged yuan. March 18, 2016, 2:10 PM. How America got outmaneuvered in a critical mining race ", U.S. Department of the Treasury. There are two main economic reasons Chinese lenders bought up so many U.S. Treasury securities. "Bretton Woods-GATT, 19411947.". In late May, the Senate unanimously passed the bipartisan Holding Foreign Companies Accountable Act in a bid to force foreign companies with China at the likely forefront to adhere to U.S. securities law, and compel some to be removed from American stock exchanges. Nord Stream explosions hard to cover up - asiatimes.com Smithfield is vertically integrated and owns all aspects of its supply chain, meaning that WH Group now controls a significant portion of U.S. pork production and revenue in addition to farmland. With most forms of U.S. debt, like Treasury bills, redeemable in U.S. dollars, worldwide trust in the dollar and the U.S. economy, in general, remains Chinas main safeguard for the yuan. Securities. In Texas, a Chinese based energy company purchased more than 130,000 acres of land near Laughlin Air Force Base and is now attempting to build a wind farm to access the U.S. power grid. United States Treasury Fiscal Data. No, China does not own Walmart. But you'll still see the malls and streets of the big cities filled with Christmas decorations, fir trees, Santa Claus and carols. This is just a small part of the 30 . Total number of residential properties bought by Chinese buyers in the U.S. 2010-21. How Much Land Does China Own? | askBAMLand Dollar-pegging adds stability to the yuan since the dollar is still seen as one of the safest currencies in the world. Data cover both foreign-owned (29.1 million acres) and U.S. Amanda Jackson has expertise in personal finance, investing, and social services. Of China's own top 500, 74 percent (370) were state-owned and state stock-holding enterprises, with assets of 27, 370 billion yuan and realizing profit of 266.3 billion yuan, representing 96.96 percent and 84.09 percent respectively of the top 500 corresponding values. and Caitlin Welsh. World Gold Council. China's low-cost competitive strategy seems to be working. Investopedia requires writers to use primary sources to support their work. How Much U.S. Debt Does China Really Own? Though the magazine named him the largest private farmland owner in January 2021, the Microsoft founder came under fire in early 2022 when he was briefly barred from purchasing 2,100 acres of North Dakota farmland. Smithfield was also in line to receive money from the program, which was created to help U.S. farmers strung by trade retaliation from China and other competitors. The Netherlands is the second largest foreign owner with 4.6 million acres. This amount is subject to market fluctuations. China also became the world's biggest exporter in 2009. According to the data, the value of foreign-owned American assets climbed to $32.5 trillion in the second quarter, while total foreign assets held by. "How Much Money Does the World Owe China? Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. companies.". In August 2022, the Asian nation owned $971.8 billion in Treasurys, roughly 13% of the U.S. national debt. They use different business structures to further conceal it.. How much of the U.S. land does China own? - FinanceBand.com 5. Before June 2010, Treasury reports showed that China held about $843 billion in debt. Show publisher information In 2019, 49 percent of reported foreign-held acreage in the United States was forest land, while 25 percent was crop land, 24 percent was for pasture and other agricultural uses, and 2 percent was for non-agricultural uses (such as homesteads and roads). How Much U.S. Farmland Does China Really Own? More Than Bill GatesAnd U.S. Debt to China: How Much Is It, and Why? WH Groups shareholders include many large U.S.-based financial institutions.". This helps China hold down the cost of its exported goods, which tends to make China, like any nation, a stronger performer in international trade. The United States owes China approximately $980.8 billion as of May 2022. According to sources, Time Magazine received $700,000, the Financial Times $371,577, Foreign Policy Magazine $291,000, the Los Angeles Times $272,000, and other notable media outlets received more than $1 million. In 2021, Chinese buyers bought 6,300 U.S. properties worth 4.5 billion U.S. dollars. Discover the current debt ceiling and its economic impact. This compensation may impact how and where listings appear. (Other Hollywood companies are partly or wholly owned by Chinese interests We know that education is one of the most common reasons that Chinese families purchase real estate in the US, he said. Q3: What regulations are currently in place? 41 on The Land Reports 2022 list of Americans who own the most land. Much of the rest of the debt is owned by individual investors, corporations, and other public entities. Jamie Lutzisaresearchassociatewiththe Global Food Security Program at the Center for Strategic and International Studies (CSIS) in Washington, D.C. Caitlin Welsh is the director of the CSIS Global Food Security Program. America's farmland is owned by a variety of people and entities, including individuals, companies, and government bodies . Agricultural Land: Facts, Figures, and an Assessment of Real Threats, Brzezinski Chair in Global Security and Geostrategy, Diversity and Leadership in International Affairs Project, Energy Security and Climate Change Program, Media Relations Manager, External Relations.