How much land does China own in the US?

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.

Does China own property in the US?

In 2019, Chinese nationals purchased 19 thousand properties in the United States, generating about 13 billion U.S. dollars in sales .

How much land does China own in Wyoming?

As part of that 2013 sale, a Chinese company now owns 146,000 acres of prime U.S. farmland.

Is China buying land in Texas?

Texas has the second highest amount of foreign ownership with 3 million acres under foreign control. 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.

Why did China want to buy the state of Idaho?

The state’s efforts to bring in Chinese investment intensified in the wake of the 2008 recession, and played a key role in Governor Otter’s new economic development plan, which aspired to increase Idaho’s gross state product to $60 billion — the aforementioned “Project 60.”

Where did China buy land south of Boise?

It alleges that “China” “has bought” 50 square miles of land south of Boise, and “is looking at buying Ohio, Michigan and Pennsylvania as well.” Sinomach is never mentioned by name, nor is the idea of a “self-sustaining city.” There’s really nothing concrete in the blog post at all, and certainly nothing backed up by any kind of citation.

Where is Sinomach going to build in Idaho?

What Sinomach proposed building in Idaho — as well as in several other states — would indeed be a fully-contained planned unit development located near Boise Airport. These kind of large-scale industrial zones are fairly common in China (the city of Shenzhen is one) but unknown in the heavily-zoned United States.

Who are the Chinese investors in Michigan and Idaho?

The Michigan and Idaho projects are still in their preliminary stages and have yet to be approved. In a more successful maneuver, the state-owned China National Offshore Oil Corporation’s (CNOOC) $2.2 billion investment in U.S.-owned Chesapeake Energy is the largest purchase of an interest in U.S. energy assets.