Chinese Investors Shouldn't Be Allowed to Buy US Properties: DeSantis

Florida Gov. Ron DeSantis warned about China's malign influence in the Sunshine State after reports showed that Chinese investors have spent billions of dollars buying U.S. farmland and other real estate. Calling China the United States’ “No. 1 adversary,” he said companies linked to the Chinese Communist Party (CCP) shouldn’t be allowed to buy U

Foreign buyers from China spent $6.1 billion on U.S. homes from 2021 to March

• the highest average among foreign buyers and up from the $710,400 average from the year before
• 58% of Chinese buyers made all-cash purchases, the third highest behind Canadians and Colombians
• An increasing amount of US farmland is controlled by Chinese buyers

DeSantis also unveiled proposed legislation to push back against China

• One of the proposals would require state agencies, political subdivisions, and public institutions of higher education to report any gift of $50,000 or more from a foreign government
• He told Fox News that he aimed to address the problem of his state's pension funds next. 

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