China is buying up most of the real estate in the US. Now it has been disclosed that China is buying up the land itself! There's even the case of China City of America: A full city built for Chinese in New York.
When the cities and counties continue to go BANKRUPT, they will be forced to give up more land and assets and China will be there to pick it up for pennies on the dollar.
Shuanghui Agrees to Acquire Smithfield Foods for $4.72b
China City of America, a conceptual plan that encompasses multi-use commercial, residential, business, education, amusement and entertainment components, will be built in Sullivan County, NY over multiple years
I thought China already owned America. I don't think any foreign person company or government should be allowed to own land on U.S. soil.
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