Florida’s DeSantis scrutinizes Chinese investments in the United States for ties to the Chinese Communist Party

Florida Governor Ron DeSantis on Friday criticized the Chinese Communist Party’s (CCP) ties to foreign companies and individuals buying residential property and farmland in the United States.

“I don’t think they should be able to do that,” the governor told Fox News’ Laura Ingraham. “I think the problem is that these companies have ties to the CCP, and it’s not always obvious at first glance what a company does, but I think it’s a huge problem.”

He praised Florida’s ban on the Chinese-funded Confucius Institute, which supports cultural centers on college campuses that have drawn criticism from liberals and conservatives.

He also supports seeking to limit investments by government pension plans in funds that may have ties to the CCP.

China’s growing investment in the United States is putting some observers on alert.

A report by the National Association of Realtors said Chinese buyers spent more than $6 billion on residential properties in 2021, matching most foreign buyers.


SEE ALSO: Biden administration prepares Taiwan for Chinese attack after Ukraine invasion


Earlier this month, a Chinese company, the Fufeng Group, purchased a large tract of farmland in North Dakota.

CNBC reported that the $2.6 million purchase created security concerns given the farmland’s proximity to Grand Forks Air Force Base, where some of the nation’s most sensitive military drone technology is located.

When a CCP-linked Chinese billionaire phased in 140,000 acres of land for a wind farm in Val Verde County, Texas, multiple outlets reported that it raised concerns due to the project’s proximity to Laughlin Air Force Base.

State lawmakers shut down the wind farm when it passed legislation in 2021 that “prohibits companies from China, Russia, North Korea and Iran from investing in projects connected to critical infrastructure in the world.” Texas, including the power grid,” according to a press release from environmental group Devils River Conservancy, which was the first to put Chinese ties to the wind farm on political radars.

Rep. Mike Waltz, Republican of Florida, told Fox News last week that Chinese buyers were also buying big pork and chicken producers.

“But my question is, why isn’t the Justice Department and Biden administration’s foreign investment committee taking a closer look at this,” he told the network on July 19. .


SEE ALSO: Western nations alarmed at growing threats from China


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