How to Stop China’s Land Grab
28th May 2024
The federal government has no idea how much real estate Chinese entities own in the United States. The U.S. Department of Agriculture legally is required to track foreign ownership of agricultural land, but underestimates Chinese ownership by at least 50%.
And even though Chinese investments in the U.S. are decreasing overall, China’s purchases of American real estate have grown. What’s more, federal national security capabilities intended to scrutinize these purchases repeatedly have failed to address even the most glaring threats.
The U.S. government approved the Chinese purchase of Smithfield Foods, the largest U.S. pork producer, which included tens of thousands of acres of farmland.