Once again people are getting upset by the idea of citizens of a rising Asian power buying American farmland. See this and this.
As I blogged previously, this is an old story. Back in the 1970's Congress passed AFIDA, but back then it wasn't China which was the perceived threat. China was a poor backwards country struggling under communism. Instead it was Japan, which was selling us cars, not electronics, and using a few of the dollars they got to buy real estate, some agricultural land, some urban properties including Rockefeller Center.
In the long run who owns what is determined by economics. Japan's star has faded, China's risen. In the next 30 years it may be India or Nigeria which has the money to buy some land.
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