Agricultural Land. "In 2017, the United States produced zero rare earth minerals. From 2016, the estimates include only residential transactions. As of 2019, a total of 191,000 acres of American land were owned by China. You've successfully subscribed to this newsletter! Pallets of sod cover part of the 230 acre Kuenzi Turf & Nursery on June 2, 2021 in Salem, Oregon. How Did the U.S. National Debt Get So Big? More than 200 foreign firms mostly Chinese with a combined market capitalization of almost $2 trillion are said to not be meeting this standard; so their stocks are traded, but U.S. investors have limited insight into what is going on internally with the companies. Indeed, there has been a tenfold expansion of Chinese ownership of farmland in the United States in less than a decade. While many politicians like to angrily proclaim that China owns the United States because it owns so much of the U.S. debt, economists say that claim is far more rhetoric than fact. of all foreign-owned land, cropland accounted for 29%, and pasture and other agricultural land for 22%. The United States owes China approximately $980.8 billion as of May 2022. This material may not be published, broadcast, rewritten, or redistributed. Near a 10,000-acre hay farm run by a Saudi subsidiary, local residents say their wells are going dry. | The largest holder of U.S. debt is the United States government. Market data provided by Factset. Then you can access your favorite statistics via the star in the header. China is also responding to accusations of manipulation. 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. The resulting loss of export business would lead to a major unemployment crisis in China. 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. "Under China's Communist Party dictatorship, private companies are forced to bend to the government's will," the report states. 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. TreasuryDirect. China does not publish the figures on its international lending. Even so, large land purchases present various localized concerns in the places where they occur. For example, in water-scarce regions like the Southwest, outside use of freshwater resources can affect water availability for local farms and communities. 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. A creditor nation has positive net investment after recording all of the financial transactions completed between it and the rest of the world. "Chinese companies have been carrying out unchecked reverse mergers for years now, and the media (influence) has been going under the radar for years now," Murad added. China, on the other hand, accounted for more than 80 percent of the world's supply," the report stated. 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. Alibaba handles more business than any other e-commerce company. Walmart Inc. is the largest retailer in the world and one of the five largest corporations in the world by sales. Congress can then increase the federal spending that spurs U.S. economic growth. 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. 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.. But some analysts believe the ongoing crisis lays bare the inroads China has made on U.S. soil. In 2019, 49 percent of reported foreign-held acreage in the United States was forest land, while 25 percent was crop land, 24 percent was for pasture and other agricultural uses, and 2 percent was for non-agricultural uses (such as homesteads and roads). Here's a quick and fascinating breakdown by total. All Rights Reserved. The real question is: How much of the totalU.S. debtdoes the U.S.federal governmentowe to Chinese lenders? Get full access to all features within our Business Solutions. 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. At the same time, it relies on the private commercial housing market to meet the needs of higher-income groups. China holds more than $1 trillion of the U.S. national debt. The value will change whenever China trades Treasury securities or when the prices of those bonds change. 2023 FOX News Network, LLC. Owning U.S. Treasury notes helps China's economy grow. Secondly, China needs American markets to buy their exported goods. 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 are accounts dedicated to Social Security, Medicare, and other entitlements. Last July, a Politico report, citing Agriculture Department statistics for 2020, said Chinese companies controlled about $1.9 billion worth of agricultural land. "GDP Growth (Annual %) - Japan, China.". "Your Pension Is a Lie: There's $210 Trillion of Liabilities Our Government Can't Fulfill. 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. The amount of farmland owned by Chinese investors has remained relatively steady in recent years, according to the AFIDA data. China holds the number two position, holding $980.8 billion of U.S. Treasurys3.2% of the total U.S. debt. And while the U.S. grants China permission to buy its companies, China does not allow U.S. companies to operate the same way on their soil. China has become one of the largest economies in the world. The PBOC can print renminbi as needed. 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. This helps China hold down the cost of its exported goods, which tends to make China, like any nation, a stronger performer in international trade. Additionally, Walmart has never owned Dollar Tree and has no plans to acquire the business. Still, thats less than farmland owned by people from other nations like Canada and European countries, which account for millions of acres each. 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 other countries that hold the most U.S. debt include the U.K., with $634 billion owed; Switzerland, holding $294.1 billion in debt securities; and the Cayman Islands, slightly behind Switzerland with $293.2 billion of the United States' debt. Its economy grew more than 10% for the three decades before the 2008 recession. National Association of Realtors. (2021, September 2). How Much Is the Per Capita Money Supply in the U.S.? China needs this growth to raise its low standard of living. This intervention by the PBOC results in scarcity of U.S. dollars, which inflates their exchange rates. ", TreasuryDirect. 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. Photo: GUILLAUME SOUVANT/AFP via Getty Images, Critical Questions It would perpetuate already rising anti-Asian hate, Meng warned at the markup. "Under President Trump, the U.S. was the first to recognize their nonstop deceits, and now the rest of the world has a clearer picture of China's ambition. The economy of China is driven by manufacturing and exporting. Is it better to pay off credit card or pay down? Over 40 percent of the additional 3.4 million acres acquired by foreign investors in 2019 was located in Texas, Oklahoma, and Colorado. Quote and Meaning, What Was the Eisenhower Doctrine? Powered and implemented by FactSet Digital Solutions. Definition and Impact. 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. As a Premium user you get access to background information and details about the release of this statistic. In the wake of Covid-19 supply chain disruptions and escalating tensions with China, U.S. lawmakers have specifically increased scrutiny of purchases by Chinese investors. But Meng, Newhouse and committee leaders indicated they would find a solution as the legislation winds through Congress. IOUs are formed and financed through joint efforts of the U.S. Department of the Treasury and the Federal Reserve. Includes buyers from the People's Republic of China, Hong Kong and Taiwan. In 2011, the total U.S. debt stood at $14.3 trillion. China's economic growth has slowed over the years. Treasury securities are freely traded around the world. 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. Hilton Hotels Since 1919, Hilton has become a household name throughout the U.S. and other countries. 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). "How Much Money Does the World Owe China? Data cover both foreign-owned (29.1 million acres) and U.S. That sounds like a lot of moneybecause it isbut it is actually a little less than the $1.24 trillion China-owned in 2011. China is the second-largest holder of the debt, even after it reduced its holdings, which it has been doing since 2011. Investopedia contributors come from a range of backgrounds, and over 24 years there have been thousands of expert writers and editors who have contributed. The call for tighter limits on who owns Americas farms has come from a wide range of political leaders, from former Vice President Mike Pence to Sen. Elizabeth Warren (D-Mass. The buying gorge went from April 2021 to March 2022 and . The total has grown by an average 2.3 million acres per year since 2015, according to USDA data. 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. To use individual functions (e.g., mark statistics as favourites, set Of the 109 countries that own U.S. agricultural land, China ranks No. Pressing Challenges to U.S. Army Acquisition: A Conversation with Hon. CSIS does not take specific policy positions. 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. 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. Walmart owns no shares. CNBC's Uptin Saiidi explores some of China's biggest assets in New York and explains how the tr. 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. Demand for dollar-denominated bonds raises the dollar value compared to that of the yuan. The American Security Institute recently released a report and launched a campaign, featuring a billboard in Times Square, to draw further attention to the extensive array of sectors the Chinese government and its partners have invested into. Given the state of the AFIDA data, it seems it is doing neither. RT @lillybug000: How much more does any American have to see to realize our government is owned by China. If China ever did call in its debt, it slowly would begin selling off its Treasury holdings. "Debt to the Penny. Maxwell said that poses a big risk with an older generation of farmers set to exit the industry. However, the concept of foreign debt carries a negative connotation, especially when it concerns large amounts owed to nations embroiled in controversy. (2022). "How Much U.S. Debt Does China Really Own?" 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. Indeed, there has been a tenfold expansion of Chinese ownership of farmland in the United States in less than a decade. So, in part, Chinese demand for American property is a sign of their desire to give their children the best opportunities to have a successful future.. The post, which has been shared over 256,000 times as of April 14, is headlined with "read this before buying meat." "The hogs will still be raised here, but slaughtered and packaged for . Canada is the biggest foreign owner of U.S. agricultural and timber land, and owns 4.7 million acres in the United States. Market data provided by Factset. Although Congress has become increasingly concerned about Chinese land purchases, investors from China currently own only a small fraction of this land, at 191,652 acres (0.05 percent of the total). Forbes. Many large corporations, pension funds, and wealthy individuals are investing in agricultural land in the United States and abroad. Quotes displayed in real-time or delayed by at least 15 minutes. National Debt or Federal Deficit? March 18, 2016, 2:10 PM. You can only download this statistic as a Premium user. Critical Questionsis produced by the Center for Strategic and International Studies (CSIS), a private, tax-exempt institution focusing on international public policy issues. Anyone anywhere can purchase shares of WH Group on the Hong Kong Stock Exchange. ", The World Bank. 1616 Rhode Island Avenue, NW For these reasons, we'll likely see China remain one of the world's largest holders of U.S. national debt. The committee unexpectedly adopted Newhouses amendment to the Agriculture-FDA spending bill (H.R. Dollar-pegging adds stability to the yuan since the dollar is still seen as one of the safest currencies in the world. Jamie Lutzisaresearchassociatewiththe Global Food Security Program at the Center for Strategic and International Studies (CSIS) in Washington, D.C. Caitlin Welsh is the director of the CSIS Global Food Security Program. Q2: What threats do foreign acquisitions of U.S. farmland pose? Breaking Down the US Debt and Who Owns It. Mutual Fund and ETF data provided by Refinitiv Lipper. 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). First, because U.S. securities like Treasury bills come with varying maturity dates, it would be impossible for the Chinese to call them all in at the same time. According to the International Monetary Fund (IMF), the only nation with no national debt is Macao SAR. "China's Gold Market: Progress and Prospects," Page 2. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, according to The Land Report. When this land changes hands, theyre going to gobble it up, he said of foreign buyers. Quotes displayed in real-time or delayed by at least 15 minutes. Appliances (technology), IBMP.C. The Communist Party has actively supported investments in foreign agriculture as part of its One Belt One Road economic development plans, aiming to control a greater piece of Chinas food supply chain. 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. So, Lowes operates independently of Walmart. 4356 (117)) that would block any new agricultural purchases by companies that are wholly or partly controlled by the Chinese government and bar Chinese-owned farms from tapping federal support programs. Continuing a trend that began early in 2021, China's portfolio of U.S. government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. ", The World Bank. The products are still made in the USA, but the decisions are made in China. David Schlessinger and I founded Five Below 16 years ago with a promise to build an amazing store for teens and pre-teens that offers trend-right, high-quality merchandise all at $5 or less, said Tom Vellios . White House National Security Advisor Jake Sullivan said in a statement that the United States welcomes the commitments of Israel and the Palestinian Authority to reduce tensions and prevent further violence. ", U.S. Department of the Treasury. How much of the USA is owned by China? Manuel Balce Ceneta/AP Photo. companies.". Because of varying maturities dates, China would be unable to call in all its Treasury holdings at once. We are new in this process, said Rep. Sanford Bishop (D-Ga.), chair of the agriculture appropriations subcommittee. Amanda Jackson has expertise in personal finance, investing, and social services. These investments artificially increase the value of that land, which then denies young and beginning farmers opportunities to farm.. Her modest, two-story white farmhouse has . Accessed March 04, 2023. https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/. "Chinas Economic Rise: History, Trends, Challenges, and Implications for the United States.". 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. Some U.S. lawmakers are pushing back amid the coronavirus fallout, which ignited an initial panic over concerns of critical medical shortages and Beijing's threats to withhold the needed goods. A3: The only federal law governing these transactions is the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. 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 other 189,000 acres were worth $235 million when purchased and are owned by 62 U.S. corporations with Chinese shareholders. 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. Now China owns the airspace and Australian citizens can't land in their own country without approval from the Chinese government. In, National Association of Realtors. ", Harvard Business Review. Mexico has gone from 38% to 42%. TreasuryDirect. The ideal entry-level account for individual users. ", 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. Critics claim that the rule change was instrumental in allowing the deal to go through as written, and some members of Congress warned of Chinese government involvement in the purchase.
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