US states move to bar Chinese land purchases and projects

  • Virginia governor nixes a USD3.5bn battery plant, and 2,500 new jobs for his state, because Ford Motors has a Chinese partner on the project.
  • Legislative bans on Chinese land ownership, and in some cases even real estate, are pending in three states, and others have limited farmland purchases.
  • Farm states have long been wary of Chinese buyers inflating land prices, upending supply chains and pilfering technology. Chinese nationals were convicted of stealing valuable hybrid corn seeds in 2016 and farm algorithms in 2022.

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