The money flowing into agricultural real estate from other countries also makes it difficult for new farmers in the U.S. to afford land as outside buyers bid up prices. China holds more than $1 trillion of the U.S. national debt. 5. Chinas demand for Treasurys helps keep U.S. interest rates low. By mid-2017, the total amount of official debt owed by the federal, state, and local governments was more than $19.8 trillion. That changed with the USMCA. "Federal Debt Held by Federal Reserve Banks. That data also shows that the approximately 190,000 acres of farmland owned by Chinese interests has remained virtually unchanged since 2013. The Chinese government uses U.S. dollars it has on hand to buy Treasurys. RT @lillybug000: How much more does any American have to see to realize our government is owned by China. China held 1.1 trillion U.S. dollars in U.S. securities. Longley, Robert. Gates continues to deny any plot, telling Reddit users in January that he owns less than one four-thousandths of U.S. farmland and invests in farms to improve their production and create jobs. As of 2019, a total of 191,000 acres of American land were owned by China. "A recently passed law in China requires companies toshare data with Chinese communist spy agenciesif requested. The remaining 38 percent is held by entities from almost a hundred other countries. If you are an admin, please authenticate by logging in again. As a Premium user you get access to the detailed source references and background information about this statistic. (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. In addition, the U.S. Treasury Department has a proven track record of being able to find new creditors very quickly when needed. 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). Second, the Chinese rely on American markets to buy Chinese-produced goods. 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. . Office of the Historian. In return, American consumers get cheap Chinese products and incoming investment capital. You've successfully subscribed to this newsletter! US media outlets received millions of dollars from China to sell its More recently, U.S. authorities have discovered China is funding American university researchers, who don't always disclose those contributions. That's a large portion of the $7.6 trillion in Treasury bills, notes, and bonds held by foreign countries. TreasuryDirect. Control of 8,000-plus of American theater screens and other media platforms allows China to project "soft power" and block unflattering depictions of the Chinese government from being presented, both in terms of creative production and mass distribution. Those seeking more restrictions say USDAs numbers actually understate the amount of foreign control over American ag operations. ThoughtCo, Sep. 2, 2021, thoughtco.com/how-much-debt-does-china-own-3321769. As a Premium user you get access to background information and details about the release of this statistic. Quote and Meaning, What Was the Eisenhower Doctrine? Powered and implemented by FactSet Digital Solutions. Quotes displayed in real-time or delayed by at least 15 minutes. On a dollar-value basis, total manufacturing imports from Mexico to the U.S. increased 10% between 2017 and 2018, from $278 billion to . Last July, a Politico report, citing Agriculture Department statistics for 2020, said Chinese companies controlled about $1.9 billion worth of agricultural land. 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. China does not publish the. Biden thanks King of Jordan for "historic meeting" in Aqaba and This helps inflate the value of the dollar. The reality is very different than the rhetoric. How Much U.S. Debt Does China Own? - The Balance "We China's low-cost competitive strategy seems to be working. The source adds the following information: "estimates from 2010 thru 2015 include some commercial transactions. 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. How can I increase my credit score by 25 points? United States Treasury Fiscal Data. America's farmland is owned by a variety of people and entities, including individuals, companies, and government bodies . 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. Chinese buyers comprise one of the largest groups of foreign buyers of residential property in the United States. The government now provides affordable housing by subsidizing commercial housing purchases or by offering low-rent public (social) housing to middle- and low-income families. Greed Is Good or Is It? March 18, 2016, 2:10 PM. 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. For its part, China owned 191,000 acres worth $1.9 billion as of 2019. "General Government Gross Debt.". 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. Even so, large land purchases present various localized concerns in the places where they occur. 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. The 2011 U.S. Debt Ceiling Crisis was a contentious debate on the borrowing limit of the United States government in July 2011. Treasury securities are freely traded around the world. For example, Chinese pharmaceutical companies supply 70 percent of the world's acetaminophen, commonly used in Tylenol. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. July 18, 2022. China is the second-largest holder of the debt, even after it reduced its holdings, which it has been doing since 2011. And Human Rights Watch has written that China is an'existential threat' to human rights." "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. How many times does Coca Cola pay dividends? Pallets of sod cover part of the 230 acre Kuenzi Turf & Nursery on June 2, 2021 in Salem, Oregon. National Association of Realtors. The largest holder of U.S. debt is the United States government. "How Much U.S. Debt Does China Really Own?" Then ownership jumped 30% from 2019 to 2020, from some 247,000 acres to roughly 352,000.