how much of america is owned by china?

Across the country, the 2013 purchase of Smithfield Foods by the Chinese firm Shuanghui, now called WH Group, received national attention and escalated concerns about Chinese intervention in U.S. food systems. The USDA could enforce the portion of the bill that bans Chinese-owned companies from participating in federal benefits programs, but constitutionally, land purchasing falls under states rights, and legislators have made no motions to change that. All rights reserved. This drives China to accumulate U.S. dollars as foreign exchange (forex) reserves. Billions of dollars flow into the U.S. from China every year. The Chinese government's theft of intellectual property has been an open secret for decades. 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 . Some experts insist on adding hundreds of trillions in unfunded future liabilities on the federal government balance sheet. Its three main sites Taobao, Tmall and Alibaba.com have hundreds of millions of users, and host millions of merchants and businesses. (July 18, 2022). What US companies are now owned by China? This acquisition put two Chinese directors on Hilton's Board of 10. Greed Is Good or Is It? China's Large Position in U.S. Treasuries. According to the NYFC, young and aspiring farmers say access to land is their largest barrier to starting a successful farm business. The ideal entry-level account for individual users. You can only download this statistic as a Premium user. We are new in this process, said Rep. Sanford Bishop (D-Ga.), chair of the agriculture appropriations subcommittee. Walmart does not own Dollar Tree as of 2022. China needs this growth to raise its low standard of living. WH Groups shareholders include many large U.S.-based financial institutions.". Fact check: Smithfield, owned by Chinese firm, sells US-processed meat "GDP growth (Annual %) - China. 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. The Biggest American Companies Now Owned by the Chinese - Yahoo! For its part, China owned 191,000 acres worth $1.9 billion as of 2019. 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. U.S. companies with Chinese shareholders more than doubled their acreage that year, accounting for 102,000 acres of the growth. When this land changes hands, theyre going to gobble it up, he said of foreign buyers. That changed with the USMCA. When the pandemic hit, Smithfield increased pork exports to China even as the United States experienced widespread meat shortages due to supply chain disruptions and Smithfield closed some of its plants due to poor working conditions. Please do not hesitate to contact me. Are you interested in testing our business solutions? The . Secondly, China needs American markets to buy their exported goods. Focusing narrowly on land purchases by Chinese companies or other foreign entities will not address the full scope of this problem. China's low-cost competitive strategy seems to be working. 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. The value will change whenever China trades Treasury securities or when the prices of those bonds change. Get full access to all features within our Business Solutions. China is buying up American farms. Washington wants to crack - POLITICO By mid-2017, the total amount of official debt owed by the federal, state, and local governments was more than $19.8 trillion. 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. If you are an admin, please authenticate by logging in again. As economists point out, other creditors are likely to get in line to buy up Chinas share of the debt, including the Federal Reserve, already the owner of twice as much of the U.S. debt than China has ever owned. 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. China's economic growth has slowed over the years. As a result, the public does not have a complete picture of which foreign entities own how much U.S. farmland or what the land is being used for. WH Group is a publicly-traded company with shareholders around the world. "Major Foreign Holders of Treasury Securities.". What's the Difference? How Much U.S. Debt Does China Own? - The Balance You've successfully subscribed to this newsletter! U.S.-based companies also own over nine million acres in other countries. Each bill, bond, and note represents ownership in U.S. debt. You can learn more about the standards we follow in producing accurate, unbiased content in our. In return, American consumers get cheap Chinese products and incoming investment capital. 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). 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. ", 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. Q5: What is the real threat to U.S. food security? Here's a quick and fascinating breakdown by total. 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. On a dollar-value basis, total manufacturing imports from Mexico to the U.S. increased 10% between 2017 and 2018, from $278 billion to . Chinese buyers comprise one of the largest groups of foreign buyers of residential property in the United States. Japan held 1.24 trillion U.S. dollars. This also reduces the purchasing power of Chinese earners. 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). Additionally, Walmart has never owned Dollar Tree and has no plans to acquire the business. 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. U.S. direct investments in China 2000-2021 | Statista How Much Land Does China Own? | askBAMLand The United States owes China approximately $980.8 billion as of May 2022. The hardware brand is a publicly-traded company that does not have a majority shareholder. 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. These include white papers, government data, original reporting, and interviews with industry experts. 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 controlof potentially life-saving medicine. Q3: What regulations are currently in place? The National Young Farmers Coalition (NYFC) anticipates that two-thirds of farmland will change hands over the next decade as farmers retire, meaning that more land could become available for foreign purchase. It amounted to about 192,000 of the. 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. How Much U.S. Debt Does China Really Own? - ThoughtCo 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. That's a large portion of the $7.6 trillion in Treasury bills, notes, and bonds held by foreign countries. Artificially suppressing the yuan has made it difficult for a growing Chinese middle class; so, exports are needed to keep businesses running. The US National Debt and How It Affects You. Show publisher information New Data Shows U.S. Companies Are Definitely Leaving China - Forbes "Debt Position and Activity Report, June 2017," Page 1. Manuel Balce Ceneta/AP Photo. Currently, you are using a shared account. The vast majority of this land is farmland, but the Chinese government and investors also own other kinds of real estate. 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. 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 allows the U.S. Treasury to borrow more at low rates. Total number of residential properties bought by Chinese buyers in the U.S. 2010-21. 18, far behind No. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Yes, this means that the government actually borrows money from itself to fund these and other entitlement programs. The Senate Bill is being reviewed by the Committee on Banking, Housing and Urban Affairs. The United States currently produces more than enough food per capita, even after adjusting for food waste. At the same time, American consumers are assured of a steady flow of relatively inexpensive Chinese products and services. Mexico has gone from 38% to 42%. How much of the U.S. land does China own? This statistic shows the total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2021. [Online]. Its economy grew more than 10% for the three decades before the 2008 recession. Biden thanks King of Jordan for "historic meeting" in Aqaba and "In 2017, the United States produced zero rare earth minerals. All rights reserved. Learn more about how Statista can support your business. That makes Chinese exports cheaper than American-made goods, increasing sales. Consider what the current arrangement means: The Chinese buy up dollar bills in the form of Treasurys. Whether you're an American retiree or a Chinese bank, American debt is considered a sound investment. 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. The United States owes China approximately $980.8 billion as of May 2022. China holdings of U.S. debt fall below $1 trillion for the first time Legal Statement. Accordingly, all views, positions, and conclusions expressed in this publication should be understood to be solely those of the author(s). Haier bought GE for $5.4 billion, a recording breaking sum at that time. 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 . ", The World Bank. Nord Stream explosions hard to cover up - asiatimes.com Dollar-pegging adds stability to the yuan since the dollar is still seen as one of the safest currencies in the world. China holds the number two position, holding $980.8 billion of U.S. Treasurys3.2% of the total U.S. debt. Even at a slow pace, dollar demand would drop. 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. How much do banks charge to manage a trust? 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. How Hollywood Sold Out to China - The Atlantic 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. Japancommands the top spot among foreign creditors with $1.2 trillion4% of total U.S. debtowed by the U.S. government. The measure is expected to reach the House floor before the end of July, as part of a broader appropriations package, although the Senate has not yet drafted its own version of the spending bill. So, Lowes operates independently of Walmart. As a Premium user you get access to the detailed source references and background information about this statistic. (ChinaOwnsUs campaign). No, China does not own Walmart. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. But some analysts believe the ongoing crisis lays bare the inroads China has made on U.S. soil. 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. 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. 'American Soil' Is Increasingly Foreign Owned : NPR With an aging U.S. farmer population and not enough new farmers able to enter the industry, more land will inevitably be converted to other uses or sold to foreign and domestic investors unless policies are put in place to support the next generation of farmers. Times Square billboard endeavors to warn of creeping Chinese influence. That would hurt China's competitiveness by raising the yuans value relative to the dollar. 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 2021, Chinese buyers bought 6,300 U.S. properties worth 4.5 billion U.S. dollars. It receives these dollars from Chinese companies that receive them as payments for their exports. How much of the U.S. land does China own? - FinanceBand.com Land grabbingwhen a government, company, or other entity purchases large swathes of land in another countrycan affect local land rights and agricultural production, sometimes putting local food security at risk. 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. Chinas demand for Treasurys helps keep U.S. interest rates low. 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 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. 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. Federal Reserve Bank of St. Louis. 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. The Chinese government uses U.S. dollars it has on hand to buy Treasurys. ), after gaining momentum seeded in farm states. TUCKER CARLSON, FOX NEWS: So how would you define the Biden administration? ", The World Bank. Who owns America? Hint: It's not China - CNN Register in seconds and access exclusive features. China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture. She is a library professional, transcriptionist, editor, and fact-checker. 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. And key Senate lawmakers have already shown interest in efforts to keep American farms in American hands. The source adds the following information: "estimates from 2010 thru 2015 include some commercial transactions. That's a decline of. 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. The committee unexpectedly adopted Newhouses amendment to the Agriculture-FDA spending bill (H.R. Securities. This Treasury-led change makes it difficult to make long-term comparisons. 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. USDA reports that foreign land holdings have increased by an average of 2.2 million acres per year since 2015. 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. Pressing Challenges to U.S. Army Acquisition: A Conversation with Hon. ", U.S. Department of the Treasury. "How Much Money Does the World Owe China? Food insecurity among U.S. families is primarily driven by poverty, not a lack of food. China, on the other hand, accounted for more than 80 percent of the world's supply," the report stated. That made the yuan more attractive to forex traders in global markets. 6 Modern U.S. Presidents Who Raised the Debt Ceiling, Expansionary vs. Nations borrowing from each other may be as old as the concept of money. 1616 Rhode Island Avenue, NW Bipartisan pressure is building to stop foreign nationals from purchasing American farm operations and receiving taxpayer subsidies. By June 2017, the debt had grown to $19.8 trillion and was projected to top $20 trillion by January 2018. 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. Why Is China Buying U.S. Farmland? Security Concerns, Explained 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. 2023 FOX News Network, LLC. 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. Market data provided by Factset. While around 3.2% of the national debt isn't exactly insignificant, the Treasury Department has had no problems finding buyers for its products even after a rating downgrade. China has the second-greatest amount of U.S. debt held by a foreign country. A few states, including top agricultural centers like Iowa and Minnesota, already have varying restrictions on foreign ownership of their farmland. How Much U.S. Debt Does China Own? - Investopedia AMC. "We 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.