how much of america is owned by china?

Most of the rest of the U.S. debt is owned by individual investors, corporations and other public entitiesincluding foreign creditors like the Chinese government. The National Young Farmers Coalition (NYFC) anticipates that two-thirds of farmland will change hands over the next decade as farmers retire, meaning that more land could become available for foreign purchase. As soon as this statistic is updated, you will immediately be notified via e-mail. How much of the USA is owned by China? Retrieved from https://www.thoughtco.com/how-much-debt-does-china-own-3321769. As a result, the public does not have a complete picture of which foreign entities own how much U.S. farmland or what the land is being used for. How Did the U.S. National Debt Get So Big? "Chinas Economic Rise: History, Trends, Challenges, and Implications for the United States.". "China's Currency Policy," Page 1. Q4: What federal solutions are being discussed? Powered and implemented by FactSet Digital Solutions. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. These are especially vital not only for high-technology products such as smartphones and electric vehicles but for U.S. frontline weapons including the F-35 fighter, which requires 920 pounds of rare earth minerals. The Senate Bill is being reviewed by the Committee on Banking, Housing and Urban Affairs. Of the 109 countries that own U.S. agricultural land, China ranks No. The total has grown by an average 2.3 million acres per year since 2015, according to USDA data. Coronavirus-related sales slumps and supply chain disruption, as well as rising production costs, have also hastened the exodus. 2 This amounts to more than 13% of the U.S. debt held overseas and about 3.2% of the United States' total debt load. Investopedia contributors come from a range of backgrounds, and over 24 years there have been thousands of expert writers and editors who have contributed. Disney is in no way owned by Chinese interests in terms of shareholders. Historically, between 20,000 and 40,000 residential properties were bought by. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. Sudan has the most debt in the world, accounting for approximately 284% of its gross domestic product (GDP). That made the yuan more attractive to forex traders in global markets. For example, critics say that should the Chinese government suddenly call indemand immediate repaymentof all of the U.S. governments obligations, the American economy would be hopelessly crippled. US National Debt Clock: How Its Warning Affects You. So, Lowes operates independently of Walmart. 2023 FOX News Network, LLC. By artificially keeping the value of the yuan down, the government reduces the buying power of the Chinese middle class, thus making the sale of exports vital keeping the countrys economy moving. statistic alerts) please log in with your personal account. 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). Near a 10,000-acre hay farm run by a Saudi subsidiary, local residents say their wells are going dry. Contractionary Monetary Policy. 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. 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. At some price point, U.S. consumers would buy American products instead. Research Associate, Global Food Security Program. China is the second-largest holder of the debt, even after it reduced its holdings, which it has been doing since 2011. or redistributed. From May 2021 to May 2022, the debt to Japan and China decreased by 4% and 9%, respectively. The United States owes China approximately $980.8 billion as of May 2022. "General Government Gross Debt.". Market data provided by Factset. But its the trend of increasing purchases and the buyers potential connections to the Chinese government that have lawmakers spooked. 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. This dollar collapse could disrupt international markets even more than the 2008 financial crisis. Definition and Impact. and Caitlin Welsh. The data is entirely reliant on self-reporting, and the USDA does not check it for completeness and accuracy, so there are frequent typos, omissions, and outdated information. 3 1. 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. Investopedia requires writers to use primary sources to support their work. Quotes displayed in real-time or delayed by at least 15 minutes. ", U.S. Department of the Treasury. Q3: What regulations are currently in place? "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. Weak Oversight of Foreign Farmland Deals Sparks Concern Amid China Purchases (WSJ), North Dakota Turns Against Chinese Corn Mill Project (WSJ). That's a decline of. According to the International Monetary Fund (IMF), the only nation with no national debt is Macao SAR. "Total Number of Residential Properties Purchased by Chinese Buyers in The United States from 2010 to 2022. Longley, Robert. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. ", U.S. Department of the Treasury. 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. But the company backed out of its contract with USDA after an outcry from lawmakers led by Sen. Chuck Grassley (R-Iowa). Of the total 7.03 trillion held by foreign countries, Japan and Mainland China held the greatest portions. (July 18, 2022). As a Premium user you get access to background information and details about the release of this statistic. (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. "Your Pension Is a Lie: There's $210 Trillion of Liabilities Our Government Can't Fulfill. Critical Questionsis produced by the Center for Strategic and International Studies (CSIS), a private, tax-exempt institution focusing on international public policy issues. "Major Foreign Holders of Treasury Securities. Walmart Inc. is the largest retailer in the world and one of the five largest corporations in the world by sales. A3: The only federal law governing these transactions is the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. Congress can then increase the federal spending that spurs U.S. economic growth. Market data provided by Factset. No, China does not own Walmart. Japanese-owned debt doesn't receive nearly as much negative attention as Chinese-owned debt, ostensibly because Japan is seen as a friendlier nation and the Japanese economy hasn't grown as fast as China's year after year. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. China and investors tied to the CCP own just shy of 200,000 acres of various types of land in the United States. Its allowed the yuan to trade in a wider trading range around a basket of currencies that include the dollar. And key Senate lawmakers have already shown interest in efforts to keep American farms in American hands. This is the second reason the Chinese want Treasurys; they are essentially redeemable in dollars. ", United States Department of Treasury. The data is based on a 1978 law directing foreign nationals to report their U.S. agricultural holdings to USDA a requirement that can be difficult for the department to enforce. 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. 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. Investopedia does not include all offers available in the marketplace. Agricultural Land: Facts, Figures, and an Assessment of Real Threats, Brzezinski Chair in Global Security and Geostrategy, Diversity and Leadership in International Affairs Project, Energy Security and Climate Change Program, Media Relations Manager, External Relations. All rights reserved. These are accounts dedicated to Social Security, Medicare, and other entitlements. This statistic is not included in your account. Chart. China is taking steps to make its currency, the yuan, transition to a global currency. 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. 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. That would hurt China's competitiveness by raising the yuans value relative to the dollar. The hardware brand is a publicly-traded company that does not have a majority shareholder. A dollar-pegged yuan helps keep down the cost of Chinese exports, which the Chinese government believes makes it stronger in international markets. Accordingly, all views, positions, and conclusions expressed in this publication should be understood to be solely those of the author(s). The United States owes China approximately $980.8 billion as of May 2022. Chinese billionaire and businessman Wang. At the same time, it relies on the private commercial housing market to meet the needs of higher-income groups. However, the items are Manufactured and Assembled in China, with Foxconn, a Taiwanese-based firm, producing the majority of Apple's products. The first and most important is that China wants its currency, the yuan, pegged to the dollar. Secondly, China needs American markets to buy their exported goods. They use different business structures to further conceal it.. 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 Debt or Federal Deficit? You need a Statista Account for unlimited access. In simpler terms, the government wrote itself a really big IOU and bankrupted one account to finance another activity. However, the full extent of the Chinese investment as it stands in the U.S. today is far from transparent. To use individual functions (e.g., mark statistics as favourites, set Legal Statement. "How Much Money Does the World Owe China? ", 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. Countries with lower currency values export more, since their products cost less when sold in foreign countries. However, there are some countriessuch as Niger, Cambodia, and Laoswhose debt to China is more than 20% of their GDP. 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. Agricultural Land. China has the second-greatest amount of U.S. debt held by a foreign country. China drew some headlines in 2013 and 2014 for buying up a lot of gold to store in its bank vaults, but the real safety net for the yuan is the worldwide belief in the dollar. 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. Center for Strategic and International Studies China's Large Position in U.S. Treasuries. How much of the U.S. land does China own? How Much Money Does the U.S. See Media Page for more interview, contact, and citation details. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states.