Florida’s Republican Governor Ron DeSantis has issued a warning to Democrat President Joe Biden that Chinese investors buying up U.S. real estate is a “huge problem” for America.
Gov. DeSantis’s comments come as wealthy individuals and corporations in China, most of whom are tied to the Chinese Communist Party, are buying up huge swaths of land and properties in the United States.
DeSantis is now sounding the alarm about CCP-linked entities buying U.S. real estate.
“I don’t think they should be able to do it,” DeSantis said during an appearance on Fox News’s “The Ingraham Angle.”
“I think the problem is these companies have ties to the CCP, and it’s not always apparent on the face of whatever a company is doing—but I think it’s a huge problem.
“I’ve signed legislation to crack down on undue influence from rogue states, including the CCP,” the governor told host Laura Ingraham.
“So for example, we ban Confucius Institutes in the state of Florida—they try to go in higher education, and they try to spread the propaganda.
“The strategic investments we are making today will help bring microchip and semiconductor manufacturing back to our state at a time when the supply chains are more fragile than ever.
“Certainly, we cannot allow this important industry to become captive by the Chinese Communist Party.
“We’re also probably going to do legislation next legislative session about our pension investments, with things that may be linked to the CCP.
“We don’t necessarily have a lot of it, but we want to make sure that we’re cutting ties so that we’re not funding our No. 1 adversary.”
According to Zerohedge:
Foreign buyers from China spent $6.1 billion, more than from any other foreign country, on U.S. homes from April 2021 to March, according to a recent report from the National Association of Realtors.
…An increasing amount of U.S. farmland is controlled by Chinese buyers.
According to data from the U.S. Department of Agriculture, Chinese investors controlled 13,720 acres in the United States as of the end of 2010.
That amount increased to 194,179 acres through Dec. 31, 2020.
Chinese company Fufeng Group also purchased 300 acres of Dakota farmland in July, a property approximately 20 minutes from Grand Forks Air Force Base, which specializes in military drone technology.
In 2017, the Chinese government offered to build a $100 million Chinese garden at the National Arboretum in Washington D.C. under the condition that its building materials be shipped in diplomatic pouches, exempting them from U.S. Customs examination.