Finance

Chinese Billionaire Second-Largest Foreign US Landowner

The second-largest international landowner within the United States has been recognized as Chen Tianqiao, a Chinese billionaire and member of the Chinese Communist Party (CCP), as revealed by a complete evaluate of Chinese-language information reports conducted by the Daily Caller News Foundation.

According to The Land Report, Chen, who serves because the founder, chair, and CEO of the worldwide funding firm Shanda Group, owns 198,000 acres of land in Oregon. The acquisition of the land, amounting to $85 million in 2015, positioned Chen because the 82nd-largest property proprietor within the U.S. and the second-largest international landowner, trailing behind a Canadian household with over 1 million acres in Maine, Bloomberg reported.

Reportedly, a portion of Chen’s land, round 33,000 acres, encompasses Oregon’s Bull Springs Skyline Forest. According to the Bull Springs Skyline Forest web site, the area options springs, creeks, timberland, and wildlife.

In response to the Daily Caller report, Rep. Lori Chavez-DeRemer, R-Ore., posted on X, “I’m deeply concerned that individuals tied to the Chinese Communist Party are buying up Oregon timberland. I’m proud to be an original cosponsor of two proposals that seek to prevent competitors and adversaries of the U.S. from purchasing our valuable land!”

Chen’s actual property portfolio extends past rural areas, together with city properties just like the Vanderbilt mansion in New York City, the Seeley Mudd Estate close to Los Angeles, and a 150,000-square-foot analysis facility on the California Institute of Technology referred to as the Tianqiao and Chrissy Chen Institute for Neuroscience, according to The Land Report.

The difficulty of Chinese possession of U.S. land, significantly within the agricultural sector, has drawn elevated scrutiny from Republican governors, who view it as a possible nationwide safety menace. Recent legislative and government actions in states like Florida and Missouri replicate a rising consciousness of those considerations, the Daily Caller reported.

“One of the Chinese Communist Party’s goals is to undermine and weaken America,” stated Sen. Marco Rubio, R-Fla. “This includes instances where our greatest adversary continues to buy land — whether farmland or near our installations.”

Aside from his CCP membership, Chen’s involvement in Chinese authorities affairs consists of serving as a consultant to the eleventh and twelfth councils of the Chinese People’s Political Consultative Conference from 2008 to 2018. The authorities company brings collectively numerous actors inside and out of doors the occasion and performs an important position in shaping home and international insurance policies.

Chen has additionally held government positions with the All-China Federation of Industry and Commerce, which is affiliated with the CCP. According to consultants, the federation, described as a key contributor to the occasion’s united entrance and economy-related work, operates below the affect of the United Front Work Department.

As considerations develop over China-affiliated U.S. land purchases, discussions inside the House Select Committee on the Chinese Communist Party counsel a necessity for heightened scrutiny and potential restrictions, significantly close to nationwide safety websites.

Jim Thomas | editorial.thomas@newsmax.com

Jim Thomas is a author based mostly in Indiana. He holds a bachelor’s diploma in Political Science, a legislation diploma from U.I.C. Law School, and has practiced legislation for greater than 20 years.


© 2024 Newsmax. All rights reserved.



Source link

Related Articles

Back to top button
  • bitcoinBitcoin (BTC) $ 51,649.00 1.28%
  • ethereumEthereum (ETH) $ 3,028.84 2.81%
  • tetherTether (USDT) $ 0.999957 0.02%
  • bnbBNB (BNB) $ 379.17 0.03%
  • solanaSolana (SOL) $ 103.09 1.87%
  • xrpXRP (XRP) $ 0.545836 1.23%
  • staked-etherLido Staked Ether (STETH) $ 3,027.13 2.84%
  • usd-coinUSDC (USDC) $ 0.999615 0.02%
  • cardanoCardano (ADA) $ 0.594074 2.37%
  • avalanche-2Avalanche (AVAX) $ 36.66 1.39%
  • dogecoinDogecoin (DOGE) $ 0.086018 1.47%
  • tronTRON (TRX) $ 0.137606 0.26%
  • chainlinkChainlink (LINK) $ 18.54 1.21%
  • polkadotPolkadot (DOT) $ 7.74 0.47%
  • matic-networkPolygon (MATIC) $ 0.977987 2.24%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 51,678.00 1.4%
  • uniswapUniswap (UNI) $ 10.56 11.48%
  • the-open-networkToncoin (TON) $ 2.10 1.98%
  • internet-computerInternet Computer (ICP) $ 12.50 0.64%
  • shiba-inuShiba Inu (SHIB) $ 0.000010 1.23%
  • bitcoin-cashBitcoin Cash (BCH) $ 268.76 0.97%
  • litecoinLitecoin (LTC) $ 69.88 0.7%
  • daiDai (DAI) $ 1.00 0.16%
  • immutable-xImmutable (IMX) $ 3.04 0.53%
  • filecoinFilecoin (FIL) $ 8.19 0.86%
  • cosmosCosmos Hub (ATOM) $ 10.27 1.8%
  • kaspaKaspa (KAS) $ 0.172657 6.13%
  • leo-tokenLEO Token (LEO) $ 4.21 2.05%
  • nearNEAR Protocol (NEAR) $ 3.73 6.89%
  • ethereum-classicEthereum Classic (ETC) $ 26.26 2.72%
  • blockstackStacks (STX) $ 2.58 2.89%
  • hedera-hashgraphHedera (HBAR) $ 0.107956 0.11%
  • bittensorBittensor (TAO) $ 576.27 1.49%
  • optimismOptimism (OP) $ 3.69 4.25%
  • aptosAptos (APT) $ 9.39 0.74%
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00 0.08%
  • stellarStellar (XLM) $ 0.115781 0.35%
  • vechainVeChain (VET) $ 0.045071 4.28%
  • okbOKB (OKB) $ 50.52 0.13%
  • injective-protocolInjective (INJ) $ 34.13 2.06%
  • lido-daoLido DAO (LDO) $ 3.33 7.62%
  • render-tokenRender (RNDR) $ 7.59 7.08%
  • celestiaCelestia (TIA) $ 17.11 3.14%
  • the-graphThe Graph (GRT) $ 0.288535 10.97%
  • mantleMantle (MNT) $ 0.787059 2.51%
  • crypto-com-chainCronos (CRO) $ 0.093047 1.08%
  • arbitrumArbitrum (ARB) $ 1.87 3.19%
  • moneroMonero (XMR) $ 124.61 0.21%
  • sei-networkSei (SEI) $ 0.840289 5.35%
  • suiSui (SUI) $ 1.62 1.09%