The U.S. farmer population is aging, with an average age of 57.5 in 2017, up from 55 in 2012. As soon as this statistic is updated, you will immediately be notified via e-mail. Appliances (technology), IBMP.C. 'American Soil' Is Increasingly Foreign Owned : NPR The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Anyone anywhere can purchase shares of WH Group on the Hong Kong Stock Exchange. All rights reserved. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, according to The Land Report. 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. Market data provided by Factset. A paid subscription is required for full access. "Major Foreign Holders of Treasury Securities. Walmart owns no shares. Owning U.S. Treasury notes helps China's economy grow. The total has grown by an average 2.3 million acres per year since 2015, according to USDA data. At the same time, it relies on the private commercial housing market to meet the needs of higher-income groups. Now China owns the airspace and Australian citizens can't land in their own country without approval from the Chinese government. This might not sound like a lot, but Chinese ownership of American farmland has exploded dramatically over the last decade. These include: AMC Entertainment (entertainment), Cirrus Wind Energy (energy), Complete Genomics (health care), First International Oil (energy), G.E. China Daily, which is controlled by the Chinese Communist Party, has paid more than $4.6 million to The Washington Post and . (2021, September 2). "GDP Growth (Annual %) - China. (Smithfield said in a later statement pertaining to their ownership structure that they are "a U.S. company that provides more than 40,000 American jobs and partners with thousands of American farmers. And its findings may be surprising to some. But the contrition paid off: F9 grossed $136 million in China its first weekend, nearly double its . Investopedia does not include all offers available in the marketplace. 2023 FOX News Network, LLC. Legal Statement. Disney is in no way owned by Chinese interests in terms of shareholders. That sounds like a lot of moneybecause it isbut it is actually a little less than the $1.24 trillion China-owned in 2011. 1616 Rhode Island Avenue, NW Please create an employee account to be able to mark statistics as favorites. China holdings of U.S. debt fall below $1 trillion for the first time This has been common practice for many countries ever since the Bretton Woods Conference in 1944. A3: The only federal law governing these transactions is the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. 04 Mar 2023 03:14:21 In addition, many economists contend that the reported U.S. debt should include at least another $120 trillion in unfunded future liabilitiesmoney the government does not currently have but is legally obligated to pay people in the future. and Caitlin Welsh. 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. Foreign entities buy agricultural land for a variety of reasons, such as food production, wind farming, carbon offsets, or speculative investments. I'm a reporter for Forbes' explainers and trends team. 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. National Association of Realtors. Accessed March 04, 2023. https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/. "Report on Foreign Portfolio Holdings of U.S. Longley, Robert. 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. That move followed a contentious debate over the potential consequences for Asian Americans if Congress adopted a provision aimed squarely at China. Chart. Investopedia requires writers to use primary sources to support their work. The Netherlands is the second largest foreign owner with 4.6 million acres. "GDP Growth (Annual %) - Japan, China.". Breaking Down the US Debt and Who Owns It. Since 2016, a company owned by Xinjiang-based real estate tycoon Sun Guangxin had spent an estimated $110 million buying up land in Texas' Val Verde County. Its economy grew more than 10% for the three decades before the 2008 recession. Gates is No. 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. 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. It's politically popular to say that the Chinese "own the United States" because they are such a huge creditor. In simpler terms, the government wrote itself a really big IOU and bankrupted one account to finance another activity. It could be bigger," he surmised. 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. Debt to the Penny., U.S. Department of the Treasury. When this land changes hands, theyre going to gobble it up, he said of foreign buyers. division (technology), Legendary Entertainment Group (entertainment), Motorola Mobility (technology), Nexteer Automotive (automotive), Riot Games (entertainment), Smithfield Foods (food), Teledyne Continental Motors and Mattituck Services (aerospace), Terex Corp. (machinery), Triple H Coal (mining), Zonare Medical Systems (health care). 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. That's a decline of. 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. Haier bought GE for $5.4 billion, a recording breaking sum at that time. Of that, 195,000 acres, worth almost $2 billion when purchased, are owned by 85 Chinese investors, which could be individuals, companies or the government. 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 its exports decline, China is less able to invest in U.S. Treasurys. Cena's apology made him a darling to Chinese nationalists and a punching bag for U.S. media. Chinese firms have bought AMC Entertainment, Legendary Entertainment, and other media companies. Countries with lower currency values export more, since their products cost less when sold in foreign countries. How Much U.S. Debt Does China Own? - Investopedia Its also a small percentage of the nearly 900 million acres of total American farmland. At the same time, American consumers are assured of a steady flow of relatively inexpensive Chinese products and services. Q2: What threats do foreign acquisitions of U.S. farmland pose? USDA reports that foreign land holdings have increased by an average of 2.2 million acres per year since 2015. Additionally, Walmart has never owned Dollar Tree and has no plans to acquire the business. Longley, Robert. The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic product. How Much Is the Per Capita Money Supply in the U.S.? "Major Foreign Holders of Treasury Securities [2000-2020]. to incorporate the statistic into your presentation at any time. US National Debt Clock: How Its Warning Affects You. Access to this and all other statistics on 80,000 topics from, Show sources information 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.. "Debt Position and Activity Report, June 2017," Page 1. Although Walmart does own an impressive number of brands both in the US and beyond, the company does not own Lowes. From 2016, the estimates include only residential transactions. These include white papers, government data, original reporting, and interviews with industry experts. WH Groups shareholders include many large U.S.-based financial institutions.". Demand for dollar-denominated bonds raises the dollar value compared to that of the yuan. Definition and Impact. Mexico has gone from 38% to 42%. Alibaba handles more business than any other e-commerce company. Profit from the additional features of your individual account. This acquisition put two Chinese directors on Hilton's Board of 10. How much do banks charge to manage a trust? How much of the USA is owned by China? The push to drain Chinas influence from the U.S. economy has reached Americas farm country, as congressional lawmakers from both parties are looking at measures to crack down on foreign purchases of prime agricultural real estate. Still, thats less than farmland owned by people from other nations like Canada and European countries, which account for millions of acres each. A dollar-pegged yuan helps keep down the cost of Chinese exports, which the Chinese government believes makes it stronger in international markets. Of the $30.5 trillion in government debts, more than $6 trillion is owned by the federal government in trust funds. "Debt to the Penny. In 2019, Chinese nationals purchased 6,300 properties in the United States, generating about 4.5 billion U.S. dollars in sales. "China's Gold Market: Progress and Prospects," Page 2. 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. Sean Rayford/Getty Images, America cannot allow China to control our food supply, Pence said Wednesday during a speech at the conservative Heritage Foundation, urging President Joe Biden and Congress to end all farm subsidies for land owned by foreign nationals.. While some states have strict laws in place, others are more open to foreign investments. (ChinaOwnsUs campaign). 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. ", Total number of residential properties bought by Canadian buyers in the U.S. 2010-22, Total property sales to foreign buyers in the U.S. 2010-2022, Share of Indian buyers of residential property in the U.S. 2011-2022, Total number of residential properties purchased by Indian buyers in the U.S. 2010-22. China does not publish the figures on its international lending. 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). Congressional Research Service. As a Premium user you get access to the detailed source references and background information about this statistic. Why China Buys U.S. Debt With Treasury Bonds - Investopedia Financing for these huge annual IOUs comes from the Department of the Treasury and the Federal Reserve. Smithfield is vertically integrated and owns all aspects of its supply chain, meaning that WH Group now controls a significant portion of U.S. pork production and revenue in addition to farmland. Japan held 1.24 trillion U.S. dollars. Investopedia contributors come from a range of backgrounds, and over 24 years there have been thousands of expert writers and editors who have contributed. Anyone can buy U.S. debt. Robert Longley is a U.S. government and history expert with over 30 years of experience in municipal government and urban planning. And Human Rights Watch has written that China is an'existential threat' to human rights." Outward FDI stock share of state-owned and private enterprises in China 2011-2021 FDI outflows from Chinese central enterprises in non-financial sectors 2011-2021 Value of Chinese FDI flows to the . The economy of China is driven by manufacturing and exporting. Manuel Balce Ceneta/AP Photo. All rights reserved. "It means our U.S. directors have a hard task on their hands when it comes to negotiation.". How much of the U.S. land does China own? - FinanceBand.com Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. On the state level, regulations vary. Two bills introduced in the House of Representatives and the Senate argue foreign influence on American agricultural land could affect Americas economy, food supply, and national security. Amazon founder Jeff Bezos comes in at No. This compensation may impact how and where listings appear. U.S.-based companies also own over nine million acres in other countries. 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. 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. WH Group is a publicly-traded company with shareholders around the world. How much of the U.S. land does China own? The amount of farmland owned by Chinese investors has remained relatively steady in recent years, according to the AFIDA data. Defining Alibaba Alibaba is China's and by some measures, the world's biggest online commerce company. From May 2021 to May 2022, the debt to Japan and China decreased by 4% and 9%, respectively. 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. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. A4: Since the 2013 purchase of Smithfield Foods, multiple bills have been proposed to provide more oversight of foreign investments in U.S. agricultural companies (including in 2017 and 2020), but until recently they each died in committee. The first and most important is that China wants its currency, the yuan, pegged to the dollar. The FARMForeign Adversary Risk Managementact, introduced in the House of Representatives and the Senate on January 25, would trigger a Department of Agriculture and Government Accountability Office investigation into foreign influence on Americas agriculture industry. The Biggest American Companies Now Owned by the Chinese - Yahoo! Dalian Wanda purchased a majority stake in AMC for $2.6 billion, making AMC the largest theater operator at the time, according to a report from Reuters. ", 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. Federal Reserve Bank of St. Louis. That's a large portion of the $7.6 trillion in Treasury bills, notes, and bonds held by foreign countries. Q3: What regulations are currently in place? Most states, like Texas and Maine, have no restrictions on foreign ownership of land, contributing to the large amount of farmland that is under foreign control in these states. Though the magazine named him the largest private farmland owner in January 2021, the Microsoft founder came under fire in early 2022 when he was briefly barred from purchasing 2,100 acres of North Dakota farmland. China's state-directed industrial policy has outmaneuvered America's laissez-faire approach to securing access around the world to a metal that's taking on growing economic and strategic . Instead, Dollar Tree is a self-owned company that itself has acquired numerous national and regional competitors over the years, including Family Dollar and Dollar Bill$. The United States owes China approximately $980.8 billion as of May 2022. The top two foreign holders of U.S. debt are Japan and China. 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). China is taking steps to make its currency, the yuan, transition to a global currency. Bipartisan pressure is building to stop foreign nationals from purchasing American farm operations and receiving taxpayer subsidies. However, the items are Manufactured and Assembled in China, with Foxconn, a Taiwanese-based firm, producing the majority of Apple's products. This helps inflate the value of the dollar. As a presidential candidate in 2019, Warren said she would support a national version of Iowas law along with safeguards against foreign investors using fake American buyers to circumvent the rules. Total number of residential properties bought by Chinese buyers in the U.S. 2010-21. Mutual Fund and ETF data provided by Refinitiv Lipper. How many times does Coca Cola pay dividends? The Global Food Security Program would also like to thank Aliza Lauter for her research contributions to this publication. 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. Pentagon releases list of companies linked to Chinese military Biden thanks King of Jordan for "historic meeting" in Aqaba and It is responsible for lower interest rates and cheap consumer goods.