National Association of Realtors. Walmart owns no shares. It receives these dollars from Chinese companies that receive them as payments for their exports. 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. Data cover both foreign-owned (29.1 million acres) and U.S. This compensation may impact how and where listings appear. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. As soon as this statistic is updated, you will immediately be notified via e-mail. China is the second-largest holder of the debt, even after it reduced its holdings, which it has been doing since 2011. "Debt Position and Activity Report, June 2022," Page 1. RT @lillybug000: How much more does any American have to see to realize our government is owned by China. China does not publish the. 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. China and investors tied to the CCP own just shy of 200,000 acres of various types of land in the United States. That would hurt China's competitiveness by raising the yuans value relative to the dollar. Q3: What regulations are currently in place? To do that, China had to loosen its peg to the dollar. Debt to the Penny., U.S. Department of the Treasury. Here's a quick and fascinating breakdown by total. Pressing Challenges to U.S. Army Acquisition: A Conversation with Hon. What Is the Public Debt, and When Is It Too High? In a vicious cycle, they sell the U.S. dollars they receive through exports to get renminbi, which increases the supply of U.S. dollars and raises the demand for renminbi, to the point that the renminbi ranked as the eighth most traded currency in the world as of 2019. ", 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. Focusing narrowly on land purchases by Chinese companies or other foreign entities will not address the full scope of this problem. While a large portion of Smithfield pork was already being exported to China prior to the acquisition, the Covid-19 crisis raised concerns about Chinese control of U.S. food supply chains. China, on the other hand, accounted for more than 80 percent of the world's supply," the report stated. This drives China to accumulate U.S. dollars as foreign exchange (forex) reserves. There are two main economic reasons Chinese lenders bought up so many U.S. Treasury securities. The hardware brand is a publicly-traded company that does not have a majority shareholder. Six states forbid any foreign landholdings, and some, like Missouri, put caps on how much land can be held by foreign entities. Chinese billionaire and businessman Wang. How America got outmaneuvered in a critical mining race Ever since the establishment of theBretton Woods Systemin 1944, the value of Chinas currency, the yuan, has been connected or pegged to the value of the U.S. dollar. Fact check: Smithfield, owned by Chinese firm, sells US-processed meat Former Vice President Mike Pence speaks during an event. America's farmland is owned by a variety of people and entities, including individuals, companies, and government bodies . 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. 2023 FOX News Network, LLC. 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. Center for Strategic and International Studies 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. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. | In addition, many economists contend that the reported U.S. debt should include at least another $120 trillion in unfunded future liabilitiesmoney the government does not currently have but is legally obligated to pay people in the future. Congress can then increase the federal spending that spurs U.S. economic growth. ", 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. Forbes. But its the trend of increasing purchases and the buyers potential connections to the Chinese government that have lawmakers spooked. These investments artificially increase the value of that land, which then denies young and beginning farmers opportunities to farm.. (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. Appliances (technology), IBMP.C. Quotes displayed in real-time or delayed by at least 15 minutes. More recently, U.S. authorities have discovered China is funding American university researchers, who don't always disclose those contributions. Dollar-pegging adds stability to the yuan since the dollar is still seen as one of the safest currencies in the world. TUCKER CARLSON, FOX NEWS: So how would you define the Biden administration? Coronavirus-related sales slumps and supply chain disruption, as well as rising production costs, have also hastened the exodus. The vast majority of this land is farmland, but the Chinese government and investors also own other kinds of real estate. Market data provided by Factset. But you'll still see the malls and streets of the big cities filled with Christmas decorations, fir trees, Santa Claus and carols. 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. Please create an employee account to be able to mark statistics as favorites. Billions of dollars flow into the U.S. from China every year. 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. Owe China? This also reduces the purchasing power of Chinese earners. ", The World Bank. 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 . 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 . Along similar lines, climate-related efforts to increase biofuel production and expand afforestation and reforestation could reduce the amount of land available for food production in the future. Japan held 1.24 trillion U.S. dollars. That data also shows that the approximately 190,000 acres of farmland owned by Chinese interests has remained virtually unchanged since 2013. ThoughtCo, Sep. 2, 2021, thoughtco.com/how-much-debt-does-china-own-3321769. If the Chinese suddenly decided to call in all of the federal government's obligations (which isn't possible, given the maturities of debt securities), others would likely step in to service the market. That makes Chinese exports cheaper than American-made goods, increasing sales. 2023 FOX News Network, LLC. The US National Debt and How It Affects You. The Chinese Investor owns about 14% of Snapchat's shares. China, which owns an estimated $972 billion in U.S. Treasuries, is the number-two investor among foreign governments, according to the August 2022 figures released by the U.S. Treasury. List of US Companies Secretly Owned by China: Tesla, Microsoft, GM Citing staff shortages, the Department of Agriculture didnt penalize foreign parties for violating reporting rules from 2015 to 2018, prompting 28 lawmakers to criticize the departments complete lack of accountability and oversight Monday in a letter obtained by the Wall Street Journal. Japan consistently tops the list, owning about $1.3 trillion as of October 2021. As of the start of 2020, Chinese investors owned about 192,000 acres of U.S. agricultural land valued at about $1.9 billion, according to Politico. Greed Is Good or Is It? USDA reported in 2018 that Chinas agricultural investments in other nations had grown more than tenfold since 2009. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. Rep. Grace Meng (D-N.Y.) said that if the amendment was about national security, buyers from other countries should also face similar restrictions. The buying gorge went from April 2021 to March 2022 and . 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. Amazon founder Jeff Bezos comes in at No. Of the $30.5 trillion in government debts, more than $6 trillion is owned by the federal government in trust funds. by Jamie Lutz Accordingly, all views, positions, and conclusions expressed in this publication should be understood to be solely those of the author(s). As a Premium user you get access to the detailed source references and background information about this statistic. 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. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. ", International Monetary Fund. How much of the USA is owned by China? According to the International Monetary Fund (IMF), the only nation with no national debt is Macao SAR. China is taking steps to make its currency, the yuan, transition to a global currency. 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. For these reasons, we'll likely see China remain one of the world's largest holders of U.S. national debt. 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. 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. The first and most important is that China wants its currency, the yuan, pegged to the dollar. U.S . "How Much U.S. Debt Does China Really Own?" 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. Are chinese companies state owned? The USDA claims that its goal is to monitor foreign ownership of land, not to exact penalties. China also is liberalizing its control of the yuan, also called the "renminbi." Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, according to The Land Report. ", Congress.gov. US National Debt Clock: How Its Warning Affects You. July 18, 2022. of all foreign-owned land, cropland accounted for 29%, and pasture and other agricultural land for 22%. 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. 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). Then you can access your favorite statistics via the star in the header. Maxwell said that poses a big risk with an older generation of farmers set to exit the industry. New Data Shows U.S. Companies Are Definitely Leaving China - Forbes In return, American consumers get cheap Chinese products and incoming investment capital. "Your Pension Is a Lie: There's $210 Trillion of Liabilities Our Government Can't Fulfill. You only have access to basic statistics. Treasury securities are freely traded around the world. How Did the U.S. National Debt Get So Big? Most countries want their currency values to fall so they can win global currency wars. Times Square billboard endeavors to warn of creeping Chinese influence. US PHARMACEUTICAL INDUSTRY AIMS TO WREST SOME DRUG PRODUCTION BACK FROM CHINA. U.S. consumers benefit from low consumer prices. A3: The only federal law governing these transactions is the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. Since this strategy is dependent on exportsover $ 452.58 billion of which went to the U.S. in 2020China needs ever-more renminbi to continue to have a lower currency exchange rate than the U.S. dollar, and thus offer cheaper prices for the products it exports. Register in seconds and access exclusive features. According to the U.S. Census Bureau, the U.S. has been suffering from a significant trade deficit with China since 1985, meaning that the U.S. buys more goods and services from China than China buys from the U.S. Chinese exporters receive U.S. dollars for their goods sold to the U.S. Statista. Instead, Dollar Tree is a self-owned company that itself has acquired numerous national and regional competitors over the years, including Family Dollar and Dollar Bill$. China does not publish the figures on its international lending. In fact, research firm Gartner revealed last year that a third of supply chain leaders had plans to move at least some of their manufacturing out of China before 2023. This has been common practice for many countries ever since the Bretton Woods Conference in 1944. [Online]. However, the full extent of the Chinese investment as it stands in the U.S. today is far from transparent. The products are still made in the USA, but the decisions are made in China.
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