US needs stronger laws to protect land from Chinese acquisitions – The Cincinnati

The $7 billion purchase in 2013 of Virginia-based Smithfield Foods, America’s largest pork producer, by Chinese investors ignited interest in Chinese acquisitions of land, real estate and businesses that has yet to subside, according to Ohio Secretary of State Frank LaRose.

As we face an invasion on our southern border, there is an invasion nearly as threatening happening in our own backyards.

Our world is more dangerous thanks to weak leadership from President Joe Biden and Senator Sherrod Brown. While those two play geopolitical checkers, China is playing a sophisticated game of chess, waging an asymmetric economic war to sow chaos and gain power over America and our allies abroad.

In addition to their Belt & Road Initiative to create subservient debtor nations around the globe and guarantee near monopolistic access to critical resources, Chinese interests have been financing or directly purchasing land, real estate and strategic infrastructure all over the world and right here in America for more than a decade.

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