Laws banning Chinese from buying property dredge up old history (2024)

FAQs

Did US court block Florida law banning Chinese citizens from owning property? ›

US court blocks Florida law barring Chinese citizens from owning property. Feb 2 (Reuters) - A U.S. appeals court has blocked Florida from enforcing a ban on Chinese citizens owning homes or land in the state against two Chinese nationals who were in the process of buying property when the law was adopted.

After the Chinese Communist Revolution in 1949, most land is owned by collectivities or by the state; the Property Law of the People's Republic of China passed in 2007 codified property rights.

Nearly half of U.S. states are passing laws to block Chinese citizens and companies from buying land - POLITICO.

However, in ancient China, property held collective value as 'family property,' recognised by both law and tradition. This approach was rooted in Confucian values, emphasising the family's central societal role.

The concern is the manipulation of the Chinese government.” This case comes nearly a year after Gov. Ron DeSantis signed the law, which prohibits citizens of China and some other countries from purchasing property in large swaths of Florida.

According to a 2021 report by the Department of Agriculture, China owns 384,000 acres of American agricultural land; ownership which jumped by 30% from 2019 to 2020.

While Chinese ownership of U.S. land has been a hot topic among lawmakers — even becoming the center of a Montana Senate race this year — China only had a stake in 383,935 acres of U.S. land as of 2021, which is less than 1% of all foreign-held land.

In Chinese law, the state owns all land, but provides a land use right which can be resold. However, people own urban buildings or apartments within buildings. Rural land/housing is another issue. The way that it works is that the farmer owns the right to farm land as well as the right to build a house on land.

According to the Constitution and the land laws, Chinese individuals cannot privately own land and natural resources. The Constitution provides that land in urban areas must be owned by the state, whereas land in rural and suburban areas must be owned by the state or by local collectives.

It's a joint venture with a "state-owned enterprise" — i.e., the CCP. The split? The CCP owns 57%, Disney just 43%. Do most Disney shareholders even know that fact?

Why is China buying US real estate? ›

According to the paper, the sudden and large Chinese investment in California real estate in 2008 was tied to: a) the loosening of Chinese “capital controls” that restrict how much money citizens can move out of the country, and b) the introduction of a series of domestic housing purchase restrictions, which were aimed ...

The United States pays interest on approximately $850 billion in debt held by the People's Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

A valid passport and residence permit are required to buy a car in China. The actual process of buying a car is the same as for Chinese citizens. There are two types of cars you can buy: brand new and second hand.

The attainment of true "communism" is described as the CCP's and China's "ultimate goal". While the CCP claims that China is in the primary stage of socialism, party theorists argue that the current development stage "looks a lot like capitalism".

Chinese citizens may leave or enter the country with valid passports or other valid certificates issued by the competent departments of the State Council or other departments authorized by them.

Signed into law by Florida Gov. Ron DeSantis last May, SB264 (23R) prohibits nationals from China, Cuba, Venezuela, Syria, Iran, Russia and North Korea from buying homes in the state.

Florida cannot bar two Chinese nationals from buying property in the state, a federal appeals court has ruled. But the Eleventh Circuit Court of Appeals declined to stop the state from enforcing the ban except for the two buyers who have already purchased or are in process of purchasing homes in Florida.

Signed by Governor Ron DeSantis, the legislation unfairly restricts most Chinese citizens — and most citizens of Cuba, Venezuela, Syria, Iran, Russia, and North Korea — from purchasing homes and other real estate in Florida after July 1, 2023.

United States, 130 U.S. 581 (1889), better known as the Chinese Exclusion Case, was a case decided by the US Supreme Court on May 13, 1889, that challenged the Scott Act of 1888, an addendum to the Chinese Exclusion Act of 1882. One of the grounds of the challenge was the Act ran afoul of the Burlingame Treaty of 1868.