Why Is China Purchasing Land Across From A U.S. Military Base? (2024)

FAQs

Why are Chinese 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 ...

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.

Which countries own the most land in the U.S.? China holds only about 1% of all foreign-owned land in the United States, while Canada owns nearly a third. Canada holds 31% of all foreign owned land, with the Netherlands and Italy following with 12 and 7% respectively.

Recent reporting shows that a CCP-affiliated corporation purchased farmland in North Dakota that is just a stone's throw from high-capability military bases. The purchase raises the possibility that the Chinese government could use the farmland as a launching pad for espionage under the guise of operating a business.

Yes, China does allow foreigners to buy property. But there are a few requirements you'll need to meet as a US citizen venturing into the Chinese property market. These are the country-wide rules, but there may also be other requirements depending on which region you're looking to buy in.

The largest private landowner in the United States is the Emmerson family, which owns and operates Sierra Pacific Industries, one of the largest lumber producers in the country.

The Walt Disney Company owns 43 percent of the resort; the majority 57 percent is held by Shanghai Shendi Group, a joint venture of three companies owned by the Shanghai government.

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.

It's actually Canada, which accounts for 32%, or 14.2 million acres. Rounding out the top five are the Netherlands at 12%, Italy at 6%, the United Kingdom at 6% and Germany at 5%.

International property rights index - Maps. Finland is the top country by property rights index in the world. As of 2023, property rights index in Finland was 8.1 score. The top 5 countries also includes Singapore, Netherlands, Luxembourg, and Sweden.

What is the most expensive country to own property in? ›

As expected, there are some regions that not even a global pandemic or political unrest can shake: according to a recent report by Savills, Monaco remains at the top of the list as the most expensive place to buy property, thanks in no small part to its abundance of wealthy residents.

China and the US together make up 42 per cent ($84.8tn) of global property value alone. China is home to more of the world real estate market assets (by value) than any other country at $42.7tn or 21 per cent of global real estate value, just ahead of the US at $42.1tn.

You're looking into Bill Gates' Red River Trust purchase of 2,100 acres of land in northeastern North Dakota, formerly Campbell farms. The trust purchased it for $13.5 million. But you're looking at it in terms of whether it follows North Dakota's anti-corporate farmland law.

It is true that the number of immigrants from China that have arrived at the southern border is up since Trump's last year in office — a year in which immigration was exceptionally low thanks to the coronavirus pandemic. But there is no reason to think that they are coming to the United States to “build an army.”

The PRC claims the de jure administration of Taiwan Province, as well as mainland-nearby islands of Kinmen and Matsu Islands, currently controlled by the Republic of China (ROC).

The advantage to the foreign investor is diversification of the investment portfolio so that marginal riskiness is lower than for the domestic bidder. The relative riskiness of investments due to political conditions in other countries may cause the foreign investor to be less risk averse to American property.

As of the end of 2022, data indicates the operation of around 5,000 Chinese-owned companies in the United States, spanning diverse industries such as technology, manufacturing, finance, and real estate.

According to the latest data from the U.S. Department of Agriculture, foreign investors and companies own over 40 million acres of U.S. agricultural land, which is about 1.8% of all land in the U.S. and 3.1% of all privately held agricultural land.

Over the last few months, Montana, Virginia, and North Dakota have all passed legislation restricting the ability of Chinese nationals to buy property. Georgia, Iowa and Kansas, among others, are considering similar legislation.