Not only does China own $1.3 Trillion of U.S. debt, it has been purchasing American farmland, real estate, food producers and substantial interests in our energy reserves. One example reported in My San Antonio of October 12, 2010 reads: “HOUSTON - State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves. With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.” In previous administrations political opposition and concerns over energy security prevented the approval of substantial Chinese investments in American oil and gas reserves. Economic conditions and the current administration are much more hospitable to foreign investment. From the AP in May of 2013, China’s Shuanghui International Holdings Ltd. bought Smithfield Foods, Inc., the largest acquisition of a U. S. company by a Chinese company. China is also buying real estate, farmland, and investing in oil and energy corporations and uranium mines all over the world. We need to understand that these are not private companies purchasing such valuable real estate and business interests in the U. S. Businesses in China are nationalized under its communist government.
Americans had better pay attention to China’s investments. It should be disconcerting that its investments are growing in the food and energy sectors. Those that control the food and energy of a nation control the people of that nation.
America, and the rest of the world, is quickly becoming China’s borrow pit.
@_RightReason
