As a Premium user you get access to the detailed source references and background information about this statistic. As of the end of November, China owned US$1.063 trillion of the total outstanding US government debt issued by the US Department of the Treasury. However, the concept of foreign debt carries a negative connotation, especially when it concerns large amounts owed to nations embroiled in controversy. Walmart is founded and owned by the Walton family. 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. However, they need renminbithe official currency of the People's Republic of Chinato pay their workers and accumulate money locally. 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.. From May 2021 to May 2022, the debt to Japan and China decreased by 4% and 9%, respectively. 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. This includes the Federal Reserve, which already owns six times as much debt as China. Canada is the biggest foreign owner of U.S. agricultural and timber land, and owns 4.7 million acres in the United States. [U]nder Xi Jinping, the Communist party has returned to being the ultimate authority in business," writes The Guardian. Billions of dollars flow into the U.S. from China every year. Near a 10,000-acre hay farm run by a Saudi subsidiary, local residents say their wells are going dry. A creditor nation has positive net investment after recording all of the financial transactions completed between it and the rest of the world. Profit from the additional features of your individual account. (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. Christmas in Mainland China is not a public holiday and is not related to religion at all. China must maintain its export-led growth to generate the number of jobs needed to keep its massive population productively engaged. We are new in this process, said Rep. Sanford Bishop (D-Ga.), chair of the agriculture appropriations subcommittee. 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. 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. That sounds like a lot of moneybecause it isbut it is actually a little less than the $1.24 trillion China-owned in 2011. The 2011 U.S. Debt Ceiling Crisis was a contentious debate on the borrowing limit of the United States government in July 2011. 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. Legal Statement. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. Quotes displayed in real-time or delayed by at least 15 minutes. China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture. What does China own in the U.S.? | CNBC Explains - YouTube Much of the rest of the debt is owned by individual investors, corporations, and other public entities. While such purchases in low- and middle-income countries have been coveredextensively, they also happen here in the United States. 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. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The US National Debt and How It Affects You. Longley, Robert. ", The World Bank. 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 $6.26 trillion in Treasury bills, notes, and bonds held by foreign countries. The last significant increase in acres occurred between 2012 and 2013 . Agricultural Land. Chinese billionaire and businessman Wang. This material may not be published, broadcast, rewritten, or redistributed. Japan held 1.24 trillion U.S. dollars. How many times does Coca Cola pay dividends? Six states forbid any foreign landholdings, and some, like Missouri, put caps on how much land can be held by foreign entities. Foreign entities buy agricultural land for a variety of reasons, such as food production, wind farming, carbon offsets, or speculative investments. And while the U.S. grants China permission to buy its companies, China does not allow U.S. companies to operate the same way on their soil. Instead, Dollar Tree is a self-owned company that itself has acquired numerous national and regional competitors over the years, including Family Dollar and Dollar Bill$. How much of the U.S. land does China own? - FinanceBand.com Accessed March 04, 2023. https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/. Crops beings harvested on an Iowa farm in 2018, Weak Oversight of Foreign Farmland Deals Sparks Concern Amid China Purchases, North Dakota Turns Against Chinese Corn Mill Project. That's a decline of. 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. What is the highest credit limit for Chase Sapphire? 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. Control of 8,000-plus of American theater screens and other media platforms allows China to project "soft power" and block unflattering depictions of the Chinese government from being presented, both in terms of creative production and mass distribution. It has held up to $1.3 trillion of U.S. debt. These investments artificially increase the value of that land, which then denies young and beginning farmers opportunities to farm.. By mid-2017, the total amount of official debt owed by the federal, state, and local governments was more than $19.8 trillion. China's economic growth has slowed over the years. Biden thanks King of Jordan for "historic meeting" in Aqaba and Artificially suppressing the yuan has made it difficult for a growing Chinese middle class; so, exports are needed to keep businesses running. Historically, between 20,000 and 40,000 residential properties were bought by. Breaking Down the US Debt and Who Owns It. ", Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Most countries want their currency values to fall so they can win global currency wars. China has the second-greatest amount of U.S. debt held by a foreign country. It receives these dollars from Chinese companies that receive them as payments for their exports. That data also shows that the approximately 190,000 acres of farmland owned by Chinese interests has remained virtually unchanged since 2013. 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. Total number of residential properties bought by Chinese buyers in the U.S. 2010-21. 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. A paid subscription is required for full access. statistic alerts) please log in with your personal account. Indeed, there has been a tenfold expansion of Chinese ownership of farmland in the United States in less than a decade. What is the best way to liquidate stocks? The ideal entry-level account for individual users. You need a Statista Account for unlimited access. Food insecurity among U.S. families is primarily driven by poverty, not a lack of food. Chinas demand for Treasurys helps keep U.S. interest rates low. Statista. The total has grown by an average 2.3 million acres per year since 2015, according to USDA data. Consequences of Owing Debt to the Chinese, Government Bond: What It Is, Types, Pros and Cons, Repurchase Agreement (Repo): Definition, Examples, and Risks, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes, Debt-to-GDP Ratio: Formula and What It Can Tell You, Major Foreign Holders of Treasury Securities, Debt Position and Activity Report, June 2017, Debt Position and Activity Report, June 2022, Your Pension Is a Lie: There's $210 Trillion of Liabilities Our Government Can't Fulfill, Frequently Asked Questions About the Public Debt, China's Gold Market: Progress and Prospects, Federal Debt Held by Federal Reserve Banks. How much of the United States does China really own? "Frequently Asked Questions About the Public Debt. She is a financial therapist and transformational coach, with a special interest in helping women learn how to invest. 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. What Would Happen if China Were to Call In Its Debt? Chinese agricultural land ownership only increased about 550 acres from 2015 to 2019. That makes Chinese exports cheaper than American-made goods, increasing sales. Every year since 2010, China has held more than $1 trillion in U.S. debt. 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. The value will change whenever China trades Treasury securities or when the prices of those bonds change. Citing the nonpartisan economic think-tank Paulson Institute, the American Security Institutereport underscores that "Chinese firms and investors own a controlling majority in nearly 2,400 U.S. 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. Its allowed the yuan to trade in a wider trading range around a basket of currencies that include the dollar. 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. How much of the USA is owned by China? 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. WH Group is a publicly-traded company with shareholders around the world. China "Owns" Us: How the Chinese Are Buying Up America 2021 by the Center for Strategic and International Studies. Number of U.S. properties bought by Chinese 2022 | Statista According to sources, Time Magazine received $700,000, the Financial Times $371,577, Foreign Policy Magazine $291,000, the Los Angeles Times $272,000, and other notable media outlets received more than $1 million. WH Groups shareholders include many large U.S.-based financial institutions.". On the state level, regulations vary. 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. 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. This might not sound like a lot, but Chinese ownership of American farmland has exploded dramatically over the last decade. ThoughtCo. How much of Chinese industry is state-owned? 1 Canada (12.8 million acres) and even and the Cayman Islands (672,000). As its exports decline, China is less able to invest in U.S. Treasurys. As of 2019, a total of 191,000 acres of American land were owned by China. Nord Stream explosions hard to cover up - asiatimes.com Popular cinema company AMC, short for American Multi-Cinema, has been around for over a century and is headquartered in Leawood, KS. How Much U.S. Debt Does China Really Own? - ThoughtCo According to the NYFC, young and aspiring farmers say access to land is their largest barrier to starting a successful farm business.
