China land-buying push targets U.S. agriculture, farm acreage
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(Worthy News) – China’s government is systematically buying U.S. farmland as part of a strategy to meet soaring domestic demand and bolster an agricultural sector beset by decreasing arable land and polluted water.
The push, detailed in a congressional report, is raising security concerns and adding to tensions between Washington and Beijing on a host of economic and security fronts.
Wealthy Chinese private investors also have resumed real estate purchases in the United States, mainly in California and New York, to park money safely away from the control of the ruling Chinese Communist Party or to provide housing for family members attending U.S. universities, according to a real estate survey. [ Source: Washington Times (Read More…) ]
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