how much of america is owned by china? how much of america is owned by china?

China holds more than $1 trillion of the U.S. national debt. 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. The House passed the agriculture appropriations bill on July 29, raising questions about how it will be enforced if it becomes law. In addition to federal action, some states, like Arizona, could do more to protect their local resources and communities from exploitation by domestic and foreign entities. Bipartisan pressure is building to stop foreign nationals from purchasing American farm operations and receiving taxpayer subsidies. 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). Robert Longley is a U.S. government and history expert with over 30 years of experience in municipal government and urban planning. All rights reserved. Even if these bills had passed, they would have strengthened oversight on purchases of U.S. companies, not agricultural land specifically, leaving most land acquisitions unregulated. Most countries want their currency values to fall so they can win global currency wars. Accordingly, all views, positions, and conclusions expressed in this publication should be understood to be solely those of the author(s). When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. US President Joe Biden, King of Jordan II, for the "historic meeting" between Palestinians and Israelis in Aqaba. But Meng, Newhouse and committee leaders indicated they would find a solution as the legislation winds through Congress. As soon as this statistic is updated, you will immediately be notified via e-mail. It's politically popular to say that the Chinese "own the United States" because they are such a huge creditor. Quote and Meaning, What Was the Eisenhower Doctrine? 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. Mutual Fund and ETF data provided by Refinitiv Lipper. You need a Statista Account for unlimited access. How Did the U.S. National Debt Get So Big? China Daily, which is controlled by the Chinese Communist Party, has paid more than $4.6 million to The Washington Post and . 1 Canada (12.8 million acres) and even and the Cayman Islands (672,000). Pallets of sod cover part of the 230 acre Kuenzi Turf & Nursery on June 2, 2021 in Salem, Oregon. On a dollar-value basis, total manufacturing imports from Mexico to the U.S. increased 10% between 2017 and 2018, from $278 billion to . You can learn more about the standards we follow in producing accurate, unbiased content in our. (2021, September 2). Chinese agricultural land ownership only increased about 550 acres from 2015 to 2019. Consider what the current arrangement means: The Chinese buy up dollar bills in the form of Treasurys. (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. That changed with the USMCA. Chinas demand for Treasurys helps keep U.S. interest rates low. Coronavirus-related sales slumps and supply chain disruption, as well as rising production costs, have also hastened the exodus. The House Bill is being reviewed by the Committee on Financial Services and the Committee on Agriculture. China, on the other hand, accounted for more than 80 percent of the world's supply," the report stated. It is responsible for lower interest rates and cheap consumer goods. "Debt to the Penny. 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. U.S . Owe China? As Chinese investors buy up U.S. Treasury products, they help increase the value of the dollar. Times Square billboard endeavors to warn of creeping Chinese influence. That's a large portion of the $7.6 trillion in Treasury bills, notes, and bonds held by foreign countries. We are new in this process, said Rep. Sanford Bishop (D-Ga.), chair of the agriculture appropriations subcommittee. The coronavirus pandemicmay have shed light on China'sinfluence in America over the supply chain,including life-saving medicines, technologyand equipment. Subsequently, China and other international players would be obligated to accede to an audit that can be reviewed by the nonprofit Public Company Accounting Oversight Board, which oversees audits of all U.S. companies that endeavor to raise money in public markets. 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. 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. National Association of Realtors. Its also a small percentage of the nearly 900 million acres of total American farmland. Please create an employee account to be able to mark statistics as favorites. Angela Huffman is a sixth-generation farmer in Wyandot County, which, along with Paulding County, has more than 41,000 acres of foreign-owned farmland. The real question is: How much of the totalU.S. debtdoes the U.S.federal governmentowe to Chinese lenders? Chinese firms have expanded their presence in American agriculture over the last decade by snapping up farmland and purchasing major agribusinesses, like pork processing giant Smithfield Foods. She is a library professional, transcriptionist, editor, and fact-checker. While some states have strict laws in place, others are more open to foreign investments. 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. 2 Which Country Owes the Most Money to China? The committee unexpectedly adopted Newhouses amendment to the Agriculture-FDA spending bill (H.R. by Jamie Lutz The other 189,000 acres were worth $235 million when purchased and are owned by 62 U.S. corporations with Chinese shareholders. The remaining 38 percent is held by entities from almost a hundred other countries. Walmart owns no shares. How Much Money Does the U.S. 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 experts insist on adding hundreds of trillions in unfunded future liabilities on the federal government balance sheet. Federal Reserve Bank of St. Louis. Legal Statement. "Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022." For its part, China owned 191,000 acres worth $1.9 billion as of 2019. While such purchases in low- and middle-income countries have been coveredextensively, they also happen here in the United States. The United States currently produces more than enough food per capita, even after adjusting for food waste. Billions of dollars flow into the U.S. from China every year. 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. Texas has the largest amount of foreign-held agricultural land, at 4.4 million acres, followed by Maine and Alabama, according to USDA. For example, in water-scarce regions like the Southwest, outside use of freshwater resources can affect water availability for local farms and communities. "Major Foreign Holders of Treasury Securities [2000-2020]. Dollar-pegging adds stability to the yuan since the dollar is still seen as one of the safest currencies in the world. The vast majority of this land is farmland, but the Chinese government and investors also own other kinds of real estate. ", The World Bank. ), after gaining momentum seeded in farm states. The USDA could enforce the portion of the bill that bans Chinese-owned companies from participating in federal benefits programs, but constitutionally, land purchasing falls under states rights, and legislators have made no motions to change that. No, China does not own Walmart. ", The World Bank. Disney is in no way owned by Chinese interests in terms of shareholders. Whether you're an American retiree or a Chinese bank, American debt is considered a sound investment. July 18, 2022. Well, really, the hallmark has been an almost otherworldly disconnection from the actual affairs of the United States. The rest of the $29 trillion national debt is owned by either people in the U.S. or by the U.S. government itself. 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. What Would Happen if China Were to Call In Its Debt? It has held up to $1.3 trillion of U.S. debt. However, there are some countriessuch as Niger, Cambodia, and Laoswhose debt to China is more than 20% of their GDP. Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022 [Graph]. Other foreign holders included oil-exporting countries and Caribbean banking centers. This is the second reason the Chinese want Treasurys; they are essentially redeemable in dollars. Of that, 195,000 acres, worth almost $2 billion when purchased, are. Japancommands the top spot among foreign creditors with $1.2 trillion4% of total U.S. debtowed by the U.S. government. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt. That makes Chinese exports cheaper than American-made goods, increasing sales. In 2021, Chinese buyers bought 6,300 U.S. properties worth 4.5 billion U.S. dollars. Photo: GUILLAUME SOUVANT/AFP via Getty Images, Critical Questions However, the items are Manufactured and Assembled in China, with Foxconn, a Taiwanese-based firm, producing the majority of Apple's products. "How Much U.S. Debt Does China Really Own?" Quotes displayed in real-time or delayed by at least 15 minutes. "How Much Money Does the World Owe China? How do I know if my stimulus was deposited? Scrutiny of foreign-owned agricultural operations receiving taxpayer subsidies has also been rising in recent years after meatpacking conglomerates like the U.S. subsidiary of Brazilian-owned JBS received millions of dollars under the Trump administrations trade bailout starting in 2018. 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 . The amount of farmland owned by Chinese investors has remained relatively steady in recent years, according to the AFIDA data. ", 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. That's a decline of. 3 1. Artificially suppressing the yuan has made it difficult for a growing Chinese middle class; so, exports are needed to keep businesses running. Japan held 1.24 trillion U.S. dollars. The resulting loss of export business would lead to a major unemployment crisis in China. Food insecurity among U.S. families is primarily driven by poverty, not a lack of food. "Under China's Communist Party dictatorship, private companies are forced to bend to the government's will," the report states. Includes buyers from the People's Republic of China, Hong Kong and Taiwan. China's position as the largest foreign holder of U.S. debt gives it some political leverage. "It means our U.S. directors have a hard task on their hands when it comes to negotiation.". You can only download this statistic as a Premium user. ", Congress.gov. 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.. Q4: What federal solutions are being discussed? United States Treasury Fiscal Data. In, National Association of Realtors. Chinese firms have bought AMC Entertainment, Legendary Entertainment, and other media companies. The reality is very different than the rhetoric. 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 . Focusing narrowly on land purchases by Chinese companies or other foreign entities will not address the full scope of this problem. Maxwell said that poses a big risk with an older generation of farmers set to exit the industry. 6 Modern U.S. Presidents Who Raised the Debt Ceiling, Expansionary vs. "Report on Foreign Portfolio Holdings of U.S. "Major Foreign Holders of Treasury Securities. "The number is very difficult to gauge correctly due to complicated ownership structures that the Chinese sometimes employ. However, the US government estimates that Chinese-owned entities own approximately 7,000 acres of land in the US, which is a small fraction of the 2. . In 2019, it grew at 6.1%, an even more sustainable rate. Over 40 percent of the additional 3.4 million acres acquired by foreign investors in 2019 was located in Texas, Oklahoma, and Colorado. These include white papers, government data, original reporting, and interviews with industry experts. 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. It has opened yuan trading centers in London and Frankfurt. That figure was$30.5trillion as of June 30, 2022. That's when the U.S. Department of the Treasury changed how it measures the debt. A1: USDA records provide the best source of information on foreign-held agricultural land, although they are still incomplete and contain many errors (as explained in A3 below). This dollar collapse could disrupt international markets even more than the 2008 financial crisis. 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. 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. Stephen Gandel. Securities. From May 2021 to May 2022, the debt to Japan and China decreased by 4% and 9%, respectively. But some analysts believe the ongoing crisis lays bare the inroads China has made on U.S. soil. The Chinese Investor owns about 14% of Snapchat's shares. Greed Is Good or Is It? I'm a reporter for Forbes' explainers and trends team. "GDP growth (Annual %) - China. It amounted to about 192,000 of the. Each bill, bond, and note represents ownership in U.S. debt. 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. Historically, between 20,000 and 40,000 residential properties were bought by. 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.