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  • You might know that China owns a significant portion of the United Statesdebt, some

  • 1.3 trillion dollars worth. But our national debt is not the only place where China is

  • picking up the tab. The Chinese government and private financiers have been sinking more

  • and more money into America’s economy. And those investments don’t seem to be slowing.

  • So, how much of the US does China own?

  • With the recent boom in Chinese credit availability, public and private Chinese investors have

  • been seeking a safe, profitable harbor for their newfound spending ability. Meanwhile,

  • the US dollar has been losing value in comparison to the Chinese yuan. Coupled with a creeping

  • housing bubble the government is desperate to control, experts say there has never been

  • a better time for China to invest in America.

  • In recent years, Chinese nationals have been buying up real estate around the country at

  • increasingly higher prices than other foreign investors. Especially, in major urban areas

  • like Manhattan, Los Angeles, and the San Francisco Bay Area. In February 2015, a Chinese insurer

  • agreed to buy a Manhattan hotel for $230 million. According to reports, that price tag makes

  • it the most highly valued hotel in the US with each room costing about $2 million. Last

  • year alone, Chinese buyers spent $22 billion in the housing market, a nearly two-thirds

  • increase from 2012.

  • Chinese companies are also busy buying existing businesses across the US. Last year, Chinese

  • conglomerate, the Shineway Group, purchased the largest pork producer in the United States

  • for $4.7 billion. The acquisition made the privately owned Chinese meat company a major

  • employer in some rural parts of the US. In North Carolina, one in ten hog farms are now

  • owned by the Chinese pork producer. Similar deals have given China unprecedented access

  • to America’s workforce. Between 2010 and 2013, the largest state-run Chinese oil company

  • spent billions in a series of oil deals with the second largest natural gas company in

  • the US.

  • In 2012, Chinese president Xi Jinping and US Vice President Joe Biden agreed to support

  • Chinese construction companies in rebuilding America's infrastructure. For example, The

  • new Bay Bridge connecting Oakland and San Francisco was built almost entirely in Shanghai

  • before being shipped to the West Coast. Other projects, like an expansive New York subway

  • refurbishment, have also been outsourced to China Construction America, Inc., which has

  • invested over $2 billion of its own funds in American infrastructure.

  • Overall since 2005, China has sunk more than $70 billion into US housing, technology, finance,

  • and energy.

  • Wondering what’s up with the rest of the United Statesdebt? We broke it down in

  • this video right here. Or to learn more about China, try the one below. If you enjoyed this

  • video, please subscribe!

You might know that China owns a significant portion of the United Statesdebt, some

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How Much Of The U.S. Does China Own?

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    羅紹桀 posted on 2015/07/10
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