Posted on 12/15/2022 12:31:23 PM PST by george76
Inter-agency body says it will not block company’s US$700 million corn milling plant in city of Grand Forks..
Residents who object to the project say it is too close to air force base and could be a ‘smokescreen’ for espionage
....
A US inter-agency body charged with assessing national security risks involving foreign investments announced on Monday it will not block a Chinese agribusiness subsidiary’s proposed US$700 million corn milling project in North Dakota.
After completing a 45-day review, the Committee on Foreign Investment in the United States (CFIUS) concluded that Fufeng USA’s purchase of 150 hectares (370 acres) of land in the city of Grand Forks from a private citizen is “not covered” under its jurisdiction.
In a statement released on Tuesday, the subsidiary of Chinese agribusiness giant Fufeng said CFIUS would not be taking any further action on the transaction, adding that the company was “pleased with the outcome of the CFIUS review” and was “looking forward to building its wet corn milling and bio-fermentation plant in Grand Forks”.
...
First approved in November 2021, the project has drawn suspicion in the city of 58,000 residents since early this year.
Concerned residents pointed out that the plant would be located merely 19km (12 miles) from Grand Forks Air Force Base, home to top US intelligence, surveillance and reconnaissance capabilities.
Some in the community have called the plans to build an agribusiness facility a smokescreen for espionage activities. Others fear it could “bring Communist China” to their neighbourhood.
...
Responding to public outcry, US Senators John Hoeven and Kevin Cramer, both Republicans from North Dakota, have urged the city administration to jettison the project without a federal review, citing a lack of “transparency” in the CFIUS process.
(Excerpt) Read more at scmp.com ...
We are all Fufenged now.
I’ve got a ski resort in North Dakota I could sell the Chinese.
Chinese..meet Edward Abbey
Jao gets 10%?
This defies any sense of logic. The cccp should just pursue building a mill in hangar 4 at Minot Air Force Base, only 200 miles from Grand Forks
How much is BIDEN’S KICKBACK.... 10% for the big guy?
Too much Chinese ownership in America’s food supplies, IMO.
Don’t worry, they have no need to spy from a corn-milling factory.
General Mark Milley has already promised the Chinese PLA Chief we’ll let him know when somethings gonna happen.
I thought FuFeng was Swallwell’s squeeze.
Put up a 50 ft tall wall between thr base and the plant with Winnie the Pooh character painted all over it.
There are a couple of ski resorts in North Dakota, which one are you offering up for sale!
The really tall one.
You mean Jao Beedong?
and Biden gets his 10%
Anyone hear if the Ports America sale ever went through...?
Whatever happened to leasing?
Our FuFling is WEAK!!
I think that was blocked. IIRC
For that matter Uranium One was bought back from Russia within a year after Hillary allowed Russia to buy it.
Russia Russia Russia indeed.
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