Posted on 01/14/2024 10:26:37 AM PST by E. Pluribus Unum
This week’s revelation that a Chinese billionaire and member of its Communist Party is the second-largest foreign owner of farmland in the US sparked outrage among politicians, who want to know why Chen Tianqiao’s $85 million purchase was a secret for nearly a decade.
Chen, a co-founder of Shanda Interactive Entertainment, bought nearly 200,000 acres of farmland in Oregon in 2015 at about $430 an acre, according to the Land Report, a magazine that focuses on private land ownership in the US.
However, his purchase of the acreage does not appear in government records of land ownership by foreign investors, the Daily Mail reported Saturday.
New York Republican Congresswoman Elise Stefanik told The Post Saturday that the Biden administration had “dropped the ball” on protecting US agricultural land from being snapped up by “foreign adversaries.”
“Communist China is purchasing US agricultural land to subvert our sovereignty, undermine our agriculture industry, encroach on our military installations, and upend America’s rural communities,” Stefanik said.
Chen’s land ownership only came to light this week after the state publicly named one of his companies as the beneficial owner of the property, the Daily Caller first reported.
Chen, 50, also owns a $39 million Manhattan townhouse and a $26 million estate in Los Angeles, where he is based. He joined the CCP when he was 18, and has risen through the executive ranks of the party, according to reports.
(Excerpt) Read more at nypost.com ...
bipartisan outrage“
Bipartisan, yeah right.
bipartisan outrage“
Bipartisan, yeah right.
He was wise. There is no safer investment than American land.
Quality investment trumps politics
430 an acre. That is pretty cheap.
“However, his purchase of the acreage does not appear in government records of land ownership by foreign investors, the Daily Mail reported Saturday.”
Oh my! Oregon... you’ve gone to $#!t!
One day we will turn around and find out we don’t have any land left. You can’t afford a home in this state. I was burned out 3 years ago..still trying to find something I can afford to replace what I lost.
Secretly my foot. Everybody knows the ChiComs have been buying up US land for years.
I notice that he is the SECOND largest owner. Who is the first, Bill Gates?
If so that is not much better.
They own Smithfield Foods, this is nothing compared to the having control of the American pork market.
That’s because real estate is the best investment anyone can make which goes triple for the Chinese as that sector makes up 40% of their economy which is tanking - so buying relatively cheap (apartment in China average 1.5 million US) US real estate makes sense.
confiscate it and dare them to do anything about it. I am so sick of this shite.
There are lots of ways to stop this thing. Will they choose a way that ends it for the foreseeable future. Or will they just expand the problem. Who knows with these idiots.
“Biden dropped the ball” hell, he orchestrated the deal.
I would think this is an issue that states should tackle, for starters.
He did not report it so it is an illegal sale. Some nonprofit would be smart to organize tens of thousands of homeless to squat on the property in tents, RVs, and self made tiny homes. If Mao’s buddy does not have legal rights to the land and it is occupied, you can drag out eviction in the courts long enough for the property to go to the occupiers.
BTT
WELL GET OFF YOUR BUTTS AND FIX WHAT YOUR LET HAPPEN, GET GATES MASSIVE LAND GRAB TOO.
Well yes, their mad their CCP spy got exposed.
If the farms don’t work out the land is perfect for concentration camps for conservatives.
Getting in practice for decades:
“The Communist Party of China maintains that there are no political prisoners in the country at all. The CECC*, on the other hand, defines a political prisoner as a person “detained for exercising his or her human rights under international law.” The Chinese Embassy in Washington did not respond to requests for comment.”
*US Congressional Executive Commission on China.
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Just the Muslims in China are estimated to have 1 to 1.5 million people detained. (2 sources’ estimates).
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the right to freedom of person is violated on a massive scale in China, described as “the global leader in political prisoners” (Puddington, 2018). Political imprisonment has been a key tool of repression in China ever since the crackdown on the pro-democracy protests on the Tiananmen Square, but the number of political prisoners soared under the leadership of Xi Jinping (Chen and Cohen, 2022). Among the most salient examples were the “709 crackdown”, targeting hundreds of rights activists in summer 2015, and the ongoing mass detention campaign in Xinjiang of up to 3 million minority citizens (Greitens et al., 2020; Zenz, 2019).
From paper:
The duration of political imprisonment: Evidence from China
By Christoph Valentin Steinert
available in Sage Journals.
Chen, 50, also owns a $39 million Manhattan townhouse and a $26 million estate in Los Angeles,
= = =
Over-valued by 50X.
Fine him 1/2 billion, and prohibit real estate holdings.
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