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Title: A member of the Chinese Communist Party is the second-largest foreign owner of US land,
Source: [None]
URL Source: https://www.zerohedge.com/geopoliti ... reign-owner-us-land-member-ccp
Published: Jan 12, 2024
Author: Tyler Durden
Post Date: 2024-01-12 07:26:35 by Horse
Keywords: None
Views: 36

according to the Daily Caller.

Billionaire Chen Tianqiao, founder, chairman and CEO of Shanda Group, owns around 200,000 acres of land in Oregon, according to Land Report. His involvement with the CCP ranges from membership to executive roles in CCP-linked organizations, the DCNF reports following a review of Chinese-language media reports.

In 2015, Chen acquired 198,000 acres in Oregon, according to Land Report. The $85 million purchase made the Chinese national the 82nd-largest property owner in the U.S. and the second-largest foreign U.S. land owner, Bloomberg reported, second only to a Canadian family who owns over 1 million acres of Maine.

Oregon’s Bull Springs Skyline Forest accounts for approximately 33,000 of Chen’s acreage, according to Land Report. The forest is located west of Bend, Oregon, and is home to springs, creeks, timberland and wildlife, according to the Bull Springs Skyline Forest website.

Oregon Republican Rep. Lori Chavez-DeRemer said she was “deeply concerned that individuals tied to the Chinese Communist Party are buying up timberland, which is one of our most precious and finite resources.” -Daily Caller

"Foreign ownership of United States lands is a serious problem that has rightfully sparked unease among farmers, ranchers and foresters across the country," said Chavez-DeRemer.

In addition to the farmland, Chen also owns various urban properties throughout America, including the Vanderbilt mansion in Manhattan and the Seely Mudd Estate near Los Angeles. He also owns a 150,000 sqft. research facility at Caltech - the Tianqiao and Chrissy Chen Institute for Neuroscience.

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