This statistic shows the total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2021. "Under China's Communist Party dictatorship, private companies are forced to bend to the government's will," the report states. Pressing Challenges to U.S. Army Acquisition: A Conversation with Hon. 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. According to USDA data, foreign investors owned at least 35.2 million acres of U.S. agricultural land in 20192.7 percent of U.S. farmland, an area almost the size of Iowa. Of the 109 countries that own U.S. agricultural land, China ranks No. In 2017, the United States imported $4.6 billion in agricultural goods from China, which is also responsible for much of the global supply of soy and pea proteins that are found in nutritional supplements and synthetic meats. 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. U.S. consumers benefit from low consumer prices. How much of the U.S. land does China own? From 2016, the estimates include only residential transactions. China's Large Position in U.S. Treasuries. China's low-cost competitive strategy seems to be working. Even so, large land purchases present various localized concerns in the places where they occur. The NYFC also points to both urban and rural development as a threat to the future of U.S. farms, since converting farmland to other uses drives up prices and makes the land unaffordable for beginning farmers. Scrutiny of foreign-owned agricultural operations receiving taxpayer subsidies has also been rising in recent years after meatpacking conglomerates like the U.S. subsidiary of Brazilian-owned JBS received millions of dollars under the Trump administrations trade bailout starting in 2018. China holds more than $1 trillion of the U.S. national debt. 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 . How can I increase my credit score by 25 points? Despite holding little U.S. land, China remains focus of foreign List of US Companies Secretly Owned by China: Tesla, Microsoft, GM The government itself actually holds just under one-third, about $5 trillion, of the $19.8 trillion government debt in the form of trust funds dedicated to legislatively-mandated programs like Social Security, Medicare, and Medicaid and veterans benefits. However, there are some countriessuch as Niger, Cambodia, and Laoswhose debt to China is more than 20% of their GDP. Why A Secretive Chinese Billionaire Bought 140,000 Acres Of Land In Texas Concern about Chinese purchases of U.S. agricultural land increased in late January when the China-based Fufeng Group Ltd. was prevented from building a cornmill on land close to a North Dakota Air Force base after officials called it a security risk. Popular cinema company AMC, short for American Multi-Cinema, has been around for over a century and is headquartered in Leawood, KS. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. Some U.S. lawmakers are pushing back amid the coronavirus fallout, which ignited an initial panic over concerns of critical medical shortages and Beijing's threats to withhold the needed goods. For example, the huge amount of debt that the U.S. government owes Chinese lenders has been the subject of countless debates, headline news stories, and political platforms for decades. China needs this growth to raise its low standard of living. Mutual Fund and ETF data provided by Refinitiv Lipper. to incorporate the statistic into your presentation at any time. Foreign Ownership and Holdings of U.S. Agricultural Land Available: https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/, Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022, Available to download in PNG, PDF, XLS format, Cross-border commercial real estate investment in the United States, Origin of foreign residential buyers in the U.S. 2016-2018, Cross-border commercial real estate investments in the U.S. 2018, by country, Number of commercial properties in the U.S. 2018, by investor country, Property purchased by foreign buyers in U.S. 2009-2022, by type of area, Share of commercial space leased by foreign clients U.S. 2018, by size, Share of commercial space leased by foreign clients U.S. 2018, by lease term, Perception of real estate market among foreign investors in U.S. 2016-2018, Perception of U.S. real estate prices among foreign buyers 2018, Reasons why foreign buyers don't buy real estate in the U.S. 2019, Share of Chinese buyers of residential property in the U.S. 2011-2022, Total residential property sales to Chinese buyers in the U.S. 2010-2022, Total number of residential properties bought by Chinese buyers in the U.S. 2010-22, Average purchase price of residential property by Chinese buyers in the U.S. 2010-22, Median purchase price of residential property by Chinese buyers in the U.S. 2010-2022, Share of CRE investments from China/Hong Kong in the U.S. 2011-2017, by investor type, Value of China/Hong Kong CRE investments made in the U.S. 2011-2017, Share of Canadian buyers of residential property in the U.S. 2011-2022, Total residential property sales to Canadian buyers in the U.S. 2010-2022, Average purchase price of residential property by Canadian buyers in the U.S. 2010-22, Median purchase price of residential property by Canadian buyers in the U.S. 2010-22, Share of UK buyers of residential property in the U.S. 2011-2022, Total residential property sales to buyers from the UK in the U.S. 2010-2021, Total number of residential properties purchased by UK buyers in the U.S. 2010-2021, Average purchase price of residential property by UK buyers in the U.S. 2010-2021, Median purchase price of residential property by UK buyers in the U.S. 2010-2021, Total residential property sales to Indian buyers in the U.S. 2010-2022, Average purchase price of residential property by Indian buyers in the U.S. 2010-2022, Median purchase price of residential property by Indian buyers in the U.S. 2010-2022, Share of Mexican buyers of residential property in the U.S. 2011-2022, Total residential property sales to Mexican buyers in the U.S. 2010-2022, Total number of residential properties bought by Mexican buyers in the U.S. 2010-2022, Average purchase price of residential property by Mexican buyers in the U.S. 2010-22, Median purchase price of residential property by Mexican buyers in the U.S. 2010-2022, Average price of residential property in France 2022, by property type, Breakdown of housings in France 2020, by square meter price, Average price of rental flats per square meter in France 2020, Average rent price for apartments in the largest French cities 2022, Value of commercial real estate investment in France 2021-Q1 2022, by type, Origin of major foreign buyers of U.S. residential property in 2022, Share of Brazilian buyers of residential property in the U.S. 2011-2020, Share of German buyers of residential property in the U.S. 2011-2020, Housing purchase transactions volume Jeju, South Korea 2009-2021, Housing transactions volume Busan, South Korea 2009-2021, Housing transactions volume Gyeonggi, South Korea 2009-2021, Housing purchase transactions volume Gyeonggi, South Korea 2009-2021, Housing transactions volume Jeju, South Korea 2009-2021, Realtors' sources of referrals for foreign residential property buyers U.S. 2022, Apartment purchase transactions volume Incheon, South Korea 2009-2021, Find your information in our database containing over 20,000 reports, Chinese buyers were responsible for only six percent of all sales to foreigners, bought the most U.S. residential property, property sales to foreign buyers peaked at 153 U.S. dollars in 2017. Although Walmart does own an impressive number of brands both in the US and beyond, the company does not own Lowes. Consequences of Owing Debt to the Chinese, Government Bond: What It Is, Types, Pros and Cons, Repurchase Agreement (Repo): Definition, Examples, and Risks, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes, Debt-to-GDP Ratio: Formula and What It Can Tell You, Major Foreign Holders of Treasury Securities, Debt Position and Activity Report, June 2017, Debt Position and Activity Report, June 2022, Your Pension Is a Lie: There's $210 Trillion of Liabilities Our Government Can't Fulfill, Frequently Asked Questions About the Public Debt, China's Gold Market: Progress and Prospects, Federal Debt Held by Federal Reserve Banks. Its three main sites Taobao, Tmall and Alibaba.com have hundreds of millions of users, and host millions of merchants and businesses. National Association of Realtors. Statista. World Gold Council. If China ever did call in its debt, it slowly would begin selling off its Treasury holdings. Chinese firms have expanded their presence in American agriculture over the last decade by snapping up farmland and purchasing major agribusinesses, like pork processing giant Smithfield Foods. And key Senate lawmakers have already shown interest in efforts to keep American farms in American hands. "Chinese companies have been carrying out unchecked reverse mergers for years now, and the media (influence) has been going under the radar for years now," Murad added. 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. TUCKER CARLSON, FOX NEWS: So how would you define the Biden administration? This includes the Federal Reserve, which already owns six times as much debt as China. The USDA reports that the changes in pasture and crop land holdings since 2009 were mostly due to foreign-owned wind companies signing or terminating long-term leases. Even if these bills had passed, they would have strengthened oversight on purchases of U.S. companies, not agricultural land specifically, leaving most land acquisitions unregulated. Stephen Gandel. By June 2017, the debt had grown to $19.8 trillion and was projected to top $20 trillion by January 2018. It could be bigger," he surmised. However, the full extent of the Chinese investment as it stands in the U.S. today is far from transparent. Times Square billboard endeavors to warn of creeping Chinese influence. Furthermore, policymakers have signaled no efforts to improve state- or national-level information on foreign purchases of U.S. farmland, leaving the true picture obscured. The 2011 U.S. Debt Ceiling Crisis was a contentious debate on the borrowing limit of the United States government in July 2011. ThoughtCo, Sep. 2, 2021, thoughtco.com/how-much-debt-does-china-own-3321769. The data is based on a 1978 law directing foreign nationals to report their U.S. agricultural holdings to USDA a requirement that can be difficult for the department to enforce. A1: USDA records provide the best source of information on foreign-held agricultural land, although they are still incomplete and contain many errors (as explained in A3 below). 2 This amounts to more than 13% of the U.S. debt held overseas and about 3.2% of the United States' total debt load. 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. However, the US government estimates that Chinese-owned entities own approximately 7,000 acres of land in the US, which is a small fraction of the 2. . division (technology), Legendary Entertainment Group (entertainment), Motorola Mobility (technology), Nexteer Automotive (automotive), Riot Games (entertainment), Smithfield Foods (food), Teledyne Continental Motors and Mattituck Services (aerospace), Terex Corp. (machinery), Triple H Coal (mining), Zonare Medical Systems (health care). "Bretton Woods-GATT, 19411947.". Foreign investors by the end of 2019 held an interest in more than 35 million acres an area bigger than New York State. It is responsible for lower interest rates and cheap consumer goods. "Chinas Economic Rise: History, Trends, Challenges, and Implications for the United States.". 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. Douglas R. Bush, Deterring a Cross-Strait Conflict: Beijing's Assessment of Evolving U.S. Strategy, Rethinking Humanitarian Aid: A Conversation with Michelle Nunn, President and CEO of CARE USA, Foreign Purchases of U.S. To use individual functions (e.g., mark statistics as favourites, set As a Premium user you get access to background information and details about the release of this statistic. The American Security Institute recently released a report and launched a campaign, featuring a billboard in Times Square, to draw further attention to the extensive array of sectors the Chinese government and its partners have invested into. While some states have strict laws in place, others are more open to foreign investments. Does paying off all debt increase credit score? Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, according to The Land Report. 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. These include: AMC Entertainment (entertainment), Cirrus Wind Energy (energy), Complete Genomics (health care), First International Oil (energy), G.E. Cena's apology made him a darling to Chinese nationalists and a punching bag for U.S. media. Are you interested in testing our business solutions? | Other foreign holders included oil-exporting countries and Caribbean banking centers. July 20, 2021 Ryan Morgan U.S. lawmakers are acting with increased concern as Chinese purchasers are buying tens of thousands of acres of U.S. farmland. "Frequently Asked Questions About the Public Debt. U.S. companies with Chinese shareholders more than doubled their acreage that year, accounting for 102,000 acres of the growth. What US companies are now owned by China? And if you measure it by gross domestic product (GDP) and consider purchasing power parity (PPP), China is seen as the worlds largest economy. CLICK HERE FOR COMPLETE CORONAVIRUS COVERAGE, Times Square billboard endeavors to warn of creeping Chinese influence. I'm a reporter for Forbes' explainers and trends team. | Its a massive undertaking to verify who really owns [the land], Maxwell said. Show publisher information AMC. The USDA claims that its goal is to monitor foreign ownership of land, not to exact penalties. American Companies You Didn't Know Were Owned By Chinese Investors Many large corporations, pension funds, and wealthy individuals are investing in agricultural land in the United States and abroad. While such purchases in low- and middle-income countries have been coveredextensively, they also happen here in the United States. It's politically popular to say that the Chinese "own the United States" because they are such a huge creditor. How Much U.S. Debt Does China Own? - The Balance The House passed the agriculture appropriations bill on July 29, raising questions about how it will be enforced if it becomes law. Yes, this means that the government actually borrows money from itself to fund these and other entitlement programs. A4: Since the 2013 purchase of Smithfield Foods, multiple bills have been proposed to provide more oversight of foreign investments in U.S. agricultural companies (including in 2017 and 2020), but until recently they each died in committee. The vast majority of this land is farmland, but the Chinese government and investors also own other kinds of real estate. 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. Photo: GUILLAUME SOUVANT/AFP via Getty Images, Critical Questions China Daily, which is controlled by the Chinese Communist Party, has paid more than $4.6 million to The Washington Post and . Subsequently, China and other international players would be obligated to accede to an audit that can be reviewed by the nonprofit Public Company Accounting Oversight Board, which oversees audits of all U.S. companies that endeavor to raise money in public markets. Texas has the largest amount of foreign-held agricultural land, at 4.4 million acres, followed by Maine and Alabama, according to USDA. 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 . The United States owes China approximately $980.8 billion as of May 2022. National Association of Realtors. Given the state of the AFIDA data, it seems it is doing neither. A3: The only federal law governing these transactions is the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. You can only download this statistic as a Premium user. 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. These foreign interests are pretty smart. Please do not hesitate to contact me. The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Mexico has gone from 38% to 42%. China's economy would suffer along with everyone else's. China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture. China does not publish the. China owns roughly $1.08 trillion worth of U.S. debt. Disney is in no way owned by Chinese interests in terms of shareholders. How Much Is the Per Capita Money Supply in the U.S.? The . Longley, Robert. You can learn more about the standards we follow in producing accurate, unbiased content in our. Many Americans find the brand appealing because it has a "Made in America" stamp on its products, however, the company has been owned by Chinese company Haier since 2016. ", Harvard Business Review. Research Associate, Global Food Security Program.