The second-largest foreign owner of American land now appears to have deep ties to Chinese communists with apparent affinity for Mao Zedong.
The Land Report, a magazine that tracks private land ownership in the United States, recently released a report on the top 100 landowners in the United States.
show Chinese billionaire Tianchao Chen is ranked 82nd overall.
Chen, a native of China's Zhejiang province, was named to the list in 2015 after acquiring 198,000 acres of forested land in Oregon from Fidelity National Ventures for $85 million. State tax records last month showed Chen's Shanda Asset Management LLC as the current owner.
bloomberg
report When it comes to foreign land ownership, Mr. Chen ostensibly loses only to Canada's Irving family, which owns 1.2 million acres in Maine.
In addition to purchasing vast swathes of the Northwest Territories, including an additional 500,000 acres of forested land in Canada, Cheng has also acquired properties including the Vanderbilt mansion in Manhattan and the Seeley Mudd Estate in Los Angeles, which he purchased for $39 million. Purchased some valuable real estate. It sold for $25 million.
The land report said the Chens invested $115 million into Caltech, giving them access to a three-story, 150,000-square-foot facility on campus, with their names listed. showed that.
daily caller
report Based on a review of Chinese-language media reports, Chen, who has made billions from online gaming, has extensive ties to the Chinese Communist Party regime. In addition to being a member of the Chinese Communist Party, which he joined in 1991, he reportedly holds executive roles in various Chinese Communist Party-affiliated organizations.
In addition to Chinese media coverage,
financial profileand business applications repeatedly identify Chen as a card-carrying member of the Chinese Communist Party, the Beijing Review reported. shown Mr. Chen is an admirer of Mao Zedong, the communist dictator responsible for the deaths. Estimation There are 65 million Chinese people. China News Agency is the regime's propaganda medium. revealed Mr. Chen's favorite quote from Mao Zedong is: “Strategically we should despise all enemies, but tactically we should take all enemies seriously.”
Mr. Chen is not a passive member of the Chinese Communist Party, but rather an ostensible insider, reportedly a member of the Chinese People's Political Consultative Conference (a national organization that “brings together all relevant United Front officials inside and outside the Party”). He was said to have been the representative of
according to To former CIA employee Peter Mattis.
Rep. Lori Chavez Delemer (R-Ore.) said in response to the Daily Caller report.
I wrote to X“We are extremely concerned that individuals with ties to the Chinese Communist Party are buying up forest land in Oregon.”
China, the United States' preeminent adversary on the world stage, has been increasingly buying up American land over the past decade. In 2011, Chinese investors owned 69,295 acres of American land, but by the end of 2021 they reportedly Manages nearly 400,000 acres, include It landed near an air force base in Grand Forks, North Dakota.
Chávez Delemer said he was proud to co-sponsor a proposal aimed at preventing foreigners from purchasing certain lands. for example,”Stop China's Continuing Land Purchase Law'', introduced in July 2023, would prohibit states from receiving funds under certain federal programs unless there is a law restricting Chinese purchases of agricultural land.
“Foreign ownership of American land is a serious issue and is understandably causing anxiety among farmers, ranchers and foresters across the country,” he told the Daily Caller. .
Some countries have already taken steps to address the potential risks of ownership by individuals or organizations with ties to hostile countries.
Missouri Republican Governor Michael Parson signed an executive order last week that “prohibits individuals and businesses from countries designated as foreign enemies from purchasing domestic agricultural land.” 10 mile radius Removal of Vital Military Facilities in Missouri.'' Among the countries considered hostile under this order was China.
Missouri already had a bookkeeping rule that foreign farmland purchases could not exceed 1% of the state's total farmland.
“When it comes to China and other foreign adversaries, we must take common-sense precautions to protect Missourians and our national security resources,” Parson said.
Blaze News previously reported that Arkansas passed a law in October that completely bans land ownership by China and other banned foreign powers. These include Florida, Virginia, North Dakota, and Montana. other states Similar legislation has been passed in recent years to protect American land from being taken by potential enemies.
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