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. At the same time, it relies on the private commercial housing market to meet the needs of higher-income groups. That effort includes greater scrutiny of large meat processing companies like JBS and Smithfield, as well as plans to tighten the requirements for meat to be labeled a Product of the USA.. You can learn more about the standards we follow in producing accurate, unbiased content in our. National Association of Realtors. How many times does Coca Cola pay dividends? In 2016, HNA Group, Chinese aviation and shipping giant, bought a 25% stake for $6.5 billion. 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. 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. The Pentagon released a list of 20 companies that it says are owned or controlled by Communist China's military and operate in the US - including tech giant Huawei, according to a report. (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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. You need a Statista Account for unlimited access. Among all of those foreign creditors to which America owes money, China led the way at $1.17 trillion, followed by Japan, at $1.07 trillion as of January 2018. Data cover both foreign-owned (29.1 million acres) and U.S. 6 Modern U.S. Presidents Who Raised the Debt Ceiling, Expansionary vs. China drew some headlines in 2013 and 2014 for buying up a lot of gold to store in its bank vaults, but the real safety net for the yuan is the worldwide belief in the dollar. Representative Grace Meng expressed concern that the amendment could fuel already rising anti-Asian hate, and the USDA and advocacy groups have pointed out that the USDA does not have the authority to intervene in private land deals. For example, foreign investors can set up limited liability companies in the U.S. and designate an American owner to circumvent the reporting requirements while still controlling the operation behind the scenes, said Joe Maxwell, president of the progressive advocacy group Family Farm Action. That's when the U.S. Department of the Treasury changed how it measures the debt. Chinese firms have expanded their presence in American agriculture over the last decade by snapping up farmland and purchasing major agribusinesses, like pork processing giant Smithfield Foods. Arizona, for instance, has no rules on groundwater pumping as long as it is for a beneficial use, which includes agriculture even if the products are shipped elsewhere. Popular cinema company AMC, short for American Multi-Cinema, has been around for over a century and is headquartered in Leawood, KS. U.S . The first and most important is that China wants its currency, the yuan, pegged to the dollar. The NYFC also points to both urban and rural development as a threat to the future of U.S. farms, since converting farmland to other uses drives up prices and makes the land unaffordable for beginning farmers. Instead, Dollar Tree is a self-owned company that itself has acquired numerous national and regional competitors over the years, including Family Dollar and Dollar Bill$. Statista. Other top investors are American-based companies, including Vanguard Group Inc. Apple Inc USA is an American Company that was founded in Cupertino, California. 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. It is not only foreign companies who take advantage of this regulatory loophole, howevercompanies from other states and cities around the United States are also buying up land in Arizona to take advantage of the states loose water regulations, putting Arizonas long-term water resources at risk. (ChinaOwnsUs campaign). Amazon founder Jeff Bezos comes in at No. 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. Please create an employee account to be able to mark statistics as favorites. The bill, which is yet to move through the House, would necessitate that "an issuer must make this certification if the Public Company Accounting Oversight Board is unable to audit specified reports because the issuer has retained a foreign public accounting firm not subject to inspection by the board. Agricultural Land. 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. 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. Gates is No. Its research is nonpartisan and nonproprietary. National Debt or Federal Deficit? That figure was$30.5trillion as of June 30, 2022. As of 2019, a total of 191,000 acres of American land were owned by China. That changed with the USMCA. July 18, 2022. Christmas in Mainland China is not a public holiday and is not related to religion at all. Much of the rest of the debt is owned by individual investors, corporations, and other public entities. (2021, September 2). The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. It is responsible for lower interest rates and cheap consumer goods. "Major Foreign Holders of Treasury Securities.". Investopedia does not include all offers available in the marketplace. "Bretton Woods-GATT, 19411947.". The money flowing into agricultural real estate from other countries also makes it difficult for new farmers in the U.S. to afford land as outside buyers bid up prices. The AFIDA requires foreign entities to report transactions of farmland to the USDA and imposes steep penalties for failing to report (up to 25 percent of the fair market value of the land), although they are rarely enforcedthe last fine imposed under the act was in 2014. Accessed March 04, 2023. https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/. The data is entirely reliant on self-reporting, and the USDA does not check it for completeness and accuracy, so there are frequent typos, omissions, and outdated information. Federal Reserve Bank of St. Louis. The . How much of the U.S. land does China own? 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. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. According to the International Monetary Fund (IMF), the only nation with no national debt is Macao SAR. 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. According to the Federal Reserve and U.S. Department of the Treasury, foreign countries held a total of 7.03 trillion U.S. dollars in U.S. Treasury securities as of March 2021. 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. The push to drain Chinas influence from the U.S. economy has reached Americas farm country, as congressional lawmakers from both parties are looking at measures to crack down on foreign purchases of prime agricultural real estate. 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. Research Associate, Global Food Security Program. In May 2018, one Chinese yuan was worth about $0.16 U.S. dollar. "GDP Growth (Annual %) - China. Weak Oversight of Foreign Farmland Deals Sparks Concern Amid China Purchases (WSJ), North Dakota Turns Against Chinese Corn Mill Project (WSJ). "Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022." And key Senate lawmakers have already shown interest in efforts to keep American farms in American hands. Center for Strategic and International Studies Because of varying maturities dates, China would be unable to call in all its Treasury holdings at once. Chinas demand for Treasurys helps keep U.S. interest rates low. A dollar-pegged yuan helps keep down the cost of Chinese exports, which the Chinese government believes makes it stronger in international markets. 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. March 18, 2016, 2:10 PM. The renewed focus on curbing foreign farm purchases comes as Biden and Agriculture Secretary Tom Vilsack roll out a series of actions to bolster the food supply chain, following major disruptions caused by the pandemic. Chinese buyers comprise one of the largest groups of foreign buyers of residential property in the United States. Indeed, there has been a tenfold expansion of Chinese ownership of farmland in the United States in less than a decade. And its findings may be surprising to some. How Much U.S. Debt Does China Really Own? But the contrition paid off: F9 grossed $136 million in China its first weekend, nearly double its . Owning U.S. Treasury notes helps China's economy grow. Congress can then increase the federal spending that spurs U.S. economic growth. They hold 50% of total shares through Walton Enterprises LLC and Walton Family Holdings Trust. Countries Who Own The Most Acres U.S. Show publisher information Then you can access your favorite statistics via the star in the header. 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. SWINE FLU STRAIN WITH 'HUMAN PANDEMIC POTENTIAL' FOUND IN MORE CHINESE PIGS, SCIENTISTS SAY. Yes, this means that the government actually borrows money from itself to fund these and other entitlement programs. Of that, 195,000 acres, worth almost $2 billion when purchased, are. 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. Most countries want their currency values to fall so they can win global currency wars. The United States currently produces more than enough food per capita, even after adjusting for food waste. It receives these dollars from Chinese companies that receive them as payments for their exports. How do I know if my stimulus was deposited? Walmart owns no shares. The answer to that question seems to be a constant source of controversy among Americas political leaders and media commentators. Alibaba handles more business than any other e-commerce company. Sudan has the most debt in the world, accounting for approximately 284% of its gross domestic product (GDP). How much of Chinese industry is state-owned? China's position as the largest foreign holder of U.S. debt gives it some political leverage. "Federal Debt Held by Federal Reserve Banks. The manufacturing of smartphones and other household items is heavily reliant on China, which controls most of the rare earth minerals that make those items work. ", International Monetary Fund. Interest on the National Debt and How It Affects You, US Debt by President: By Dollar and Percentage, US Budget Deficit by Year Compared to GDP, the National Debt, and Events, Chinas Economic Slowdown and How It Affects You, China's Economy and Its Effect on the U.S. Economy, China's Currency, the Yuan, and How It Affects You, How the Yuan Could Become a Global Currency, Debt Ceiling Dictionary: Your Guide to the Jargon, Major Foreign Holders of Treasury Securities, Report on Foreign Portfolio Holdings of U.S. Securities, Major Foreign Holders of Treasury Securities [2000-2020], Chinas Economic Rise: History, Trends, Challenges, and Implications for the United States. "Chinas Economic Rise: History, Trends, Challenges, and Implications for the United States.". Japancommands the top spot among foreign creditors with $1.2 trillion4% of total U.S. debtowed by the U.S. government. The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic product. 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.. Market data provided by Factset. How much of the USA is owned by China? Japanese-owned debt doesn't receive nearly as much negative attention as Chinese-owned debt, ostensibly because Japan is seen as a friendlier nation and the Japanese economy hasn't grown as fast as China's year after year. This compensation may impact how and where listings appear. She is a financial therapist and transformational coach, with a special interest in helping women learn how to invest. Stoves, refrigerators, washers and dryers from General Electric have been around for more than 100 years, but starting last year, the appliance division of the iconic company has been Chinese. 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. The average American is made better off by foreigners providing inexpensive services and only demanding pieces of paper in return. 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. These include: AMC Entertainment (entertainment), Cirrus Wind Energy (energy), Complete Genomics (health care), First International Oil (energy), G.E. It buys available excess U.S. dollars from the exporters and gives them the required renminbi. CNBC's Uptin Saiidi explores some of China's biggest assets in New York and explains how the tr. 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. USDA reported in 2018 that Chinas agricultural investments in other nations had grown more than tenfold since 2009. Focusing narrowly on land purchases by Chinese companies or other foreign entities will not address the full scope of this problem. Hilton Hotels Since 1919, Hilton has become a household name throughout the U.S. and other countries. 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). China Daily, which is controlled by the Chinese Communist Party, has paid more than $4.6 million to The Washington Post and . 2 Which Country Owes the Most Money to China? This material may not be published, broadcast, rewritten, | U.S. companies with Chinese shareholders more than doubled their acreage that year, accounting for 102,000 acres of the growth. AMC. Investopedia requires writers to use primary sources to support their work. They use different business structures to further conceal it.. Coronavirus-related sales slumps and supply chain disruption, as well as rising production costs, have also hastened the exodus. Nonagricultural land (such as homesteads and roads) accounted for 2%. In 2021, Chinese buyers bought 6,300 U.S. properties worth 4.5 billion U.S. dollars. Even at a slow pace, dollar demand would drop. But the company backed out of its contract with USDA after an outcry from lawmakers led by Sen. Chuck Grassley (R-Iowa). That would hurt China's competitiveness by raising the yuans value relative to the dollar. Can you rollover Roth 401k to Roth IRA while still employed? Missouri had formerly banned all foreign ownership of agricultural land in the state, but one week before Shuanghui took over Smithfield, that rule changed to allow foreign entities to own up to 1 percent of the states farmland. Q4: What federal solutions are being discussed? ", U.S. Department of the Treasury. The United States owes China approximately $980.8 billion as of May 2022. It is important to note that foreign entities are not the only ones aggressively buying up U.S. farmland. Anyone anywhere can purchase shares of WH Group on the Hong Kong Stock Exchange. Foreign investors by the end of 2019 held an interest in more than 35 million acres an area bigger than New York State. This has been common practice for many countries ever since the Bretton Woods Conference in 1944. Each bill, bond, and note represents ownership in U.S. debt. The total has grown by an average 2.3 million acres per year since 2015, according to USDA data. 2023 FOX News Network, LLC. ", Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Rep. Grace Meng (D-N.Y.) said that if the amendment was about national security, buyers from other countries should also face similar restrictions. ", U.S. Department of the Treasury. "He firmly believes that China, before the year [20]30, '35, is going to own America because autocracies can make quick decisions." The president did not elaborate on what was meant by "own. That's a large portion of the $7.6 trillion in Treasury bills, notes, and bonds held by foreign countries. The products are still made in the USA, but the decisions are made in China. Stephen Gandel. Walmart does not own Dollar Tree as of 2022. Q3: What regulations are currently in place? The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Defining Alibaba Alibaba is China's and by some measures, the world's biggest online commerce company. Near a 10,000-acre hay farm run by a Saudi subsidiary, local residents say their wells are going dry. It could be bigger," he surmised. 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. Haier bought GE for $5.4 billion, a recording breaking sum at that time. 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. Rep. Grace Meng, D-N.Y. speaks during a news conference on Capitol Hill, on May 27, 2020, in Washington. Well, really, the hallmark has been an almost otherworldly disconnection from the actual affairs of the United States. Currently, you are using a shared account. The remaining 38 percent is held by entities from almost a hundred other countries. Business Solutions including all features. Use Ask Statista Research Service. The greatest share is in Texas, with over 4.4 million acres, followed by Maine (3.3 million acres) and Alabama (1.8 million acres). Longley, Robert. "The first priority is to reclaim our critical supply chains so that we can become self-secure instead of reliant on the Chinese government,"Will Coggin, managing director of the American Security Institute, told Fox News. In return, American consumers get cheap Chinese products and incoming investment capital. 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. China owns roughly $1.08 trillion worth of U.S. debt. Conspiracy theorists suggested Gates was buying up millions of acres of U.S. farmland for nefarious reasons, according to the fact-checking service Snopes, with some claiming that Gates owned 80% of all U.S. farmland. "How Much Money Does the World Owe China? "Under China's Communist Party dictatorship, private companies are forced to bend to the government's will," the report states. Individuals can buy and sell U.S. debt, as can central banks for countries like China. China has become one of the largest economies in the world. ", 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. 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. Six states Hawaii, Iowa, Minnesota, Mississippi, North Dakota and Oklahoma currently ban foreign ownership of farmland. A creditor nation has positive net investment after recording all of the financial transactions completed between it and the rest of the world. The Global Food Security Program would also like to thank Aliza Lauter for her research contributions to this publication. to incorporate the statistic into your presentation at any time. Are you interested in testing our business solutions? "A recently passed law in China requires companies toshare data with Chinese communist spy agenciesif requested. China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture. 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. Does paying off all debt increase credit score? The House Bill is being reviewed by the Committee on Financial Services and the Committee on Agriculture. For long-term U.S. food security, perhaps the larger concern is why up-and-coming U.S. farmers are unable to buy the land they need. China produces 97 percent of U.S. antibiotics and about 80 percent of active pharmaceutical ingredients used in American drugs, giving the Chinese Communist Party absolute control of. Photo: GUILLAUME SOUVANT/AFP via Getty Images, Critical Questions Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022 [Graph]. ", The World Bank. Chinese purchases of U.S agricultural land sparked concern in Congress among a bipartisan group of lawmakersbut 18 other countries own more American agricultural acres than China. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. China does not publish the. Its also a small percentage of the nearly 900 million acres of total American farmland. ThoughtCo, Sep. 2, 2021, thoughtco.com/how-much-debt-does-china-own-3321769. ThoughtCo. Other foreign holders included oil-exporting countries and Caribbean banking centers. Market data provided by Factset. This includes everyone from retirees who purchase individual U.S. Treasurys to the Chinese government. The offers that appear in this table are from partnerships from which Investopedia receives compensation. China acquired another 32,000 U.S. agricultural acres in 2021not as much as they scooped up in 2020, but 98% higher than their combined growth between 2015 and 2019. 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. 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. But some analysts believe the ongoing crisis lays bare the inroads China has made on U.S. soil. What Is the Public Debt, and When Is It Too High? Nations borrowing from each other may be as old as the concept of money. Maxwell said that poses a big risk with an older generation of farmers set to exit the industry. It was revealed that just last year alone, China spent $6.1 billion dollars on housing in the U.S. making it America's top foreign buyer. companies.". 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. As a Premium user you get access to the detailed source references and background information about this statistic. 1 Canada (12.8 million acres) and even and the Cayman Islands (672,000). Chart. Disney is in no way owned by Chinese interests in terms of shareholders. 2023 Center for Strategic & International Studies. Pallets of sod cover part of the 230 acre Kuenzi Turf & Nursery on June 2, 2021 in Salem, Oregon. The PBOC can print renminbi as needed. As soon as this statistic is updated, you will immediately be notified via e-mail. Canada is the biggest foreign owner of U.S. agricultural and timber land, and owns 4.7 million acres in the United States. Congressional Research Service. The other 189,000 acres were worth $235 million when purchased and are owned by 62 U.S. corporations with Chinese shareholders. 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. You need at least a Starter Account to use this feature. Every year since 2010, China has held more than $1 trillion in U.S. debt. The amount of farmland owned by Chinese investors has remained relatively steady in recent years, according to the AFIDA data.

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