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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. ThoughtCo. The Communist Party has actively supported investments in foreign agriculture as part of its One Belt One Road economic development plans, aiming to control a greater piece of Chinas food supply chain. That's a decline of. "Major Foreign Holders of Treasury Securities. Amanda Jackson has expertise in personal finance, investing, and social services. Ever since the establishment of theBretton Woods Systemin 1944, the value of Chinas currency, the yuan, has been connected or pegged to the value of the U.S. dollar. Center for Strategic and International Studies Q4: What federal solutions are being discussed? 2023 FOX News Network, LLC. 1 Chinese agricultural land ownership only increased about 550 acres from 2015 to 2019. 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. 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. (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. Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. 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. 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. Haier bought GE for $5.4 billion, a recording breaking sum at that time. 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. That made the yuan more attractive to forex traders in global markets. [U]nder Xi Jinping, the Communist party has returned to being the ultimate authority in business," writes The Guardian. The Chinese spy balloon shot down February 4 increased worries that foreign governments could use U.S. land for espionage efforts, reports the Journal. Some U.S. lawmakers are pushing back amid the coronavirus fallout, which ignited an initial panic over concerns of critical medical shortages and Beijing's threats to withhold the needed goods. (ChinaOwnsUs campaign). 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. Learn more about how Statista can support your business. 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. What Would Happen if China Were to Call In Its Debt? The USDA reports that the changes in pasture and crop land holdings since 2009 were mostly due to foreign-owned wind companies signing or terminating long-term leases. "Major Foreign Holders of Treasury Securities [2000-2020]. 2023 FOX News Network, LLC. They hold 50% of total shares through Walton Enterprises LLC and Walton Family Holdings Trust. This statistic shows the total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2021. But the contrition paid off: F9 grossed $136 million in China its first weekend, nearly double its . US President Joe Biden, King of Jordan II, for the "historic meeting" between Palestinians and Israelis in Aqaba. 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. 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. "Report on Foreign Portfolio Holdings of U.S. What is the highest credit limit for Chase Sapphire? Other top investors are American-based companies, including Vanguard Group Inc. Apple Inc USA is an American Company that was founded in Cupertino, California. All Rights Reserved. Longley, Robert. "It means our U.S. directors have a hard task on their hands when it comes to negotiation.". Stephen Gandel. (2022). This amount is subject to market fluctuations. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt. It receives these dollars from Chinese companies that receive them as payments for their exports. Although Congress has become increasingly concerned about Chinese land purchases, investors from China currently own only a small fraction of this land, at 191,652 acres (0.05 percent of the total). However, the concept of foreign debt carries a negative connotation, especially when it concerns large amounts owed to nations embroiled in controversy. China and investors tied to the CCP own just shy of 200,000 acres of various types of land in the United States. 1616 Rhode Island Avenue, NW "Major Foreign Holders of Treasury Securities.". Artificially suppressing the yuan has made it difficult for a growing Chinese middle class; so, exports are needed to keep businesses running. For example, foreign investors can set up limited liability companies in the U.S. and designate an American owner to circumvent the reporting requirements while still controlling the operation behind the scenes, said Joe Maxwell, president of the progressive advocacy group Family Farm Action. The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic product. What Is the Public Debt, and When Is It Too High? That data also shows that the approximately 190,000 acres of farmland owned by Chinese interests has remained virtually unchanged since 2013. The USDA claims that its goal is to monitor foreign ownership of land, not to exact penalties. The largest holder of U.S. debt is the United States government. By mid-2017, the total amount of official debt owed by the federal, state, and local governments was more than $19.8 trillion. Legal Statement. Foreign debt provides the opportunity for countries to secure the financing they ordinarily wouldn't have access to and to stimulate their economy. Cena's apology made him a darling to Chinese nationalists and a punching bag for U.S. media. 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. That makes Chinese exports cheaper than American-made goods, increasing sales. That's when the U.S. Department of the Treasury changed how it measures the debt. On the other hand, if China were to call in its debt, the demand for the dollar could plummet. Accessed March 04, 2023. https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/. The products are still made in the USA, but the decisions are made in China. This includes the Federal Reserve, which already owns six times as much debt as China. Chinas demand for Treasurys helps keep U.S. interest rates low. Rep. Grace Meng, D-N.Y. speaks during a news conference on Capitol Hill, on May 27, 2020, in Washington. "How Much U.S. Debt Does China Really Own?" ", 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. Access to this and all other statistics on 80,000 topics from, Show sources information The current trend in the U.S. is leading us toward the creation of a Chinese-owned agricultural land monopoly, Rep. Dan Newhouse (R-Wash.) warned during a recent House Appropriations hearing. 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. The Department of Agriculture requires foreign entities who buy U.S. agricultural land to file a report within 90 days disclosing what they bought. At some price point, U.S. consumers would buy American products instead. 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. Quotes displayed in real-time or delayed by at least 15 minutes. A Chinese firm has also purchased Smithfield, the world's largest pork processor and hog producer. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. 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 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. China's low-cost competitive strategy seems to be working. 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. It could be bigger," he surmised. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, according to The Land Report. Breaking Down the US Debt and Who Owns It. China is taking steps to make its currency, the yuan, transition to a global currency. The remaining 38 percent is held by entities from almost a hundred other countries. Q1: Where and why are foreign entities purchasing farmland in the United States? 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. Sudan has the most debt in the world, accounting for approximately 284% of its gross domestic product (GDP). Quotes displayed in real-time or delayed by at least 15 minutes. 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. Every year since 2010, China has held more than $1 trillion in U.S. debt. Does paying off all debt increase credit score? And Human Rights Watch has written that China is an'existential threat' to human rights." ThoughtCo, Sep. 2, 2021, thoughtco.com/how-much-debt-does-china-own-3321769. The United States owes China approximately $980.8 billion as of May 2022. Christmas in Mainland China is not a public holiday and is not related to religion at all. These include white papers, government data, original reporting, and interviews with industry experts. Whether you're an American retiree or a Chinese bank, American debt is considered a sound investment. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. 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. In, National Association of Realtors. This compensation may impact how and where listings appear. 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. USDA reported in 2018 that Chinas agricultural investments in other nations had grown more than tenfold since 2009. Yes, this means that the government actually borrows money from itself to fund these and other entitlement programs. 6 Modern U.S. Presidents Who Raised the Debt Ceiling, Expansionary vs. National Association of Realtors. Milos Maricic, an international affairs expert and World Economic Forum contributor, concurred that while China owns close to $150 billion in U.S. companies not particularly huge in comparison to the U.S. economy there is a lot about the available figure that we simply do not know. 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. Quote and Meaning, What Was the Eisenhower Doctrine? 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. "We The amount of farmland owned by Chinese investors has remained relatively steady in recent years, according to the AFIDA data. Even so, large land purchases present various localized concerns in the places where they occur. The company was founded in Smithfield, Virginia, in 1936 and was acquired by Hong Kong-based WH Group in 2013. Is Americas Debt to China Really So Bad? 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. Total number of residential properties bought by Chinese buyers in the U.S. 2010-21. While Japans 4.8% ownership of the U.S. debt is only slightly less than Chinas 5.3%, the Japanese-owned debt is rarely depicted in a negative light, as is Chinas. "GDP growth (Annual %) - China. TreasuryDirect. Japan held 1.24 trillion U.S. dollars. Critical Questionsis produced by the Center for Strategic and International Studies (CSIS), a private, tax-exempt institution focusing on international public policy issues. Foreign investors by the end of 2019 held an interest in more than 35 million acres an area bigger than New York State. Newt says China will 'dominate world' if tech theft isn't stopped, 'it's a matter of life and death', share data with Chinese communist spy agencies. The first and most important is that China wants its currency, the yuan, pegged to the dollar. 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.. Mutual Fund and ETF data provided by Refinitiv Lipper. The value will change whenever China trades Treasury securities or when the prices of those bonds change. US National Debt Clock: How Its Warning Affects You. ), after gaining momentum seeded in farm states. You need a Statista Account for unlimited access. Defining Alibaba Alibaba is China's and by some measures, the world's biggest online commerce company. How Much Is the Per Capita Money Supply in the U.S.? Show publisher information Of the 109 countries that own U.S. agricultural land, China ranks No. | 2023 Center for Strategic & International Studies. Now China owns the airspace and Australian citizens can't land in their own country without approval from the Chinese government. "Under China's Communist Party dictatorship, private companies are forced to bend to the government's will," the report states. The government itself actually holds just under one-third, about $5 trillion, of the $19.8 trillion government debt in the form of trust funds dedicated to legislatively-mandated programs like Social Security, Medicare, and Medicaid and veterans benefits. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. China holds more than $1 trillion of the U.S. national debt. Six states forbid any foreign landholdings, and some, like Missouri, put caps on how much land can be held by foreign entities. Countries Who Own The Most Acres U.S. These include: AMC Entertainment (entertainment), Cirrus Wind Energy (energy), Complete Genomics (health care), First International Oil (energy), G.E. According to the NYFC, young and aspiring farmers say access to land is their largest barrier to starting a successful farm business. Times Square billboard endeavors to warn of creeping Chinese influence. That sounds like a lot of moneybecause it isbut it is actually a little less than the $1.24 trillion China-owned in 2011. This also reduces the purchasing power of Chinese earners. For its part, China owned 191,000 acres worth $1.9 billion as of 2019. In August 2022, the Asian nation owned $971.8 billion in Treasurys, roughly 13% of the U.S. national debt. At the same time, it relies on the private commercial housing market to meet the needs of higher-income groups. Those seeking more restrictions say USDAs numbers actually understate the amount of foreign control over American ag operations. The Senate Bill is being reviewed by the Committee on Banking, Housing and Urban Affairs. The United States owes China approximately $980.8 billion as of May 2022. The PBOC can print renminbi as needed. The Chinese government's theft of intellectual property has been an open secret for decades. How can I increase my credit score by 25 points? That sounds like a lot of moneybecause it isbut it is actually a little less than the $1.24 trillion China-owned in 2011. A paid subscription is required for full access. What US companies are now owned by China? Data cover both foreign-owned (29.1 million acres) and U.S. As of 2019, a total of 191,000 acres of American land were owned by China. They use different business structures to further conceal it.. This Treasury-led change makes it difficult to make long-term comparisons. Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022 [Graph]. As a major function of its monetary policy, China's central bank, the Peoples Bank of China (PBOC), actively works to prevent this imbalance between the U.S. dollar and renminbi in local markets. Register in seconds and access exclusive features. https://www.thoughtco.com/how-much-debt-does-china-own-3321769 (accessed March 4, 2023). 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. Please create an employee account to be able to mark statistics as favorites. China held 1.1 trillion U.S. dollars in U.S. securities. The debate over farm ownership comes amid broader efforts by Congress and the Biden administration to curb the nations economic reliance on China, especially in key industries like food, semiconductors and minerals deemed crucial to the supply chain. 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. 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. 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 . China's economy would suffer along with everyone else's. 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. "The first priority is to reclaim our critical supply chains so that we can become self-secure instead of reliant on the Chinese government,"Will Coggin, managing director of the American Security Institute, told Fox News. This material may not be published, broadcast, rewritten, This dollar collapse could disrupt international markets even more than the 2008 financial crisis. Interest on the National Debt and How It Affects You, US Debt by President: By Dollar and Percentage, US Budget Deficit by Year Compared to GDP, the National Debt, and Events, Chinas Economic Slowdown and How It Affects You, China's Economy and Its Effect on the U.S. Economy, China's Currency, the Yuan, and How It Affects You, How the Yuan Could Become a Global Currency, Debt Ceiling Dictionary: Your Guide to the Jargon, Major Foreign Holders of Treasury Securities, Report on Foreign Portfolio Holdings of U.S. Securities, Major Foreign Holders of Treasury Securities [2000-2020], Chinas Economic Rise: History, Trends, Challenges, and Implications for the United States. Consider what the current arrangement means: The Chinese buy up dollar bills in the form of Treasurys. In Texas, a Chinese based energy company purchased more than 130,000 acres of land near Laughlin Air Force Base and is now attempting to build a wind farm to access the U.S. power grid. In 2019, Chinese nationals purchased 6,300 properties in the United States, generating about 4.5 billion U.S. dollars in sales. 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. 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. These investments artificially increase the value of that land, which then denies young and beginning farmers opportunities to farm.. Q3: What regulations are currently in place? Gates is No. While some states have strict laws in place, others are more open to foreign investments. 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. Greed Is Good or Is It? Q5: What is the real threat to U.S. food security? Texas has the largest amount of foreign-held agricultural land, at 4.4 million acres, followed by Maine and Alabama, according to USDA. But, exactly how much does the nation own? Walmart is founded and owned by the Walton family. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. China Daily, which is controlled by the Chinese Communist Party, has paid more than $4.6 million to The Washington Post and .