China Poised to Play Debt Card – for U.S. Land

NEW YORK – Could real estate on American soil owned by China be set up as “development zones” in which the communist nation could establish Chinese-owned businesses and bring in its citizens to the U.S. to work?

That’s part of an evolving proposal Beijing has been developing quietly since 2009 to convert more than $1 trillion of U.S debt it owns into equity.

Under the plan, China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.

Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing, proposed in 2009 a plan for the U.S. government to guarantee foreign investments in the United States.

WND has reliable information that the Bank of China, China’s central bank, has continued to advance the plan to convert China’s holdings of U.S. debt into equity owned by China in the U.S.

Read more from this story HERE.

  • Delores109

    CHINA,
    I might give you a chopstick or two, but other than that, don’t touch our land or commodities. You would not want to be a party to the crimes of Obama, would you?
    Delores Smith
    [email protected]

  • JDH

    I can see some advantages to such a deal, mut only if they take California, but they have to take all the loons in Hollywood, all the illegals, their two idiot Senators, and Nancy Peolsi, along with their massive state debt. Hey give them a bonus: throw in New York City, but they gotta take Bloomberg, the UN, and the headquarters of ABC, CBS, NBC, MSNBC, and CNN. (Fow we can move to Atlanta)

  • CSN

    My sisters says we should leave the country, and I’m beginning to understand how pertinent this is becoming. I cannot fathom nor conceive staying in a country with this much of a problem….

  • Glenn Beck predicted this three years ago. States with 50% or more of their land labeled National Park, National Forest, National Monument, etc. can look for Chinese exploitation of oil, gas, coal resources. Utah, Colorado, New Mexico, etc. are the first that come to mind. Why do you think B.O. has set the watchdog EPA over those areas? Americans cannot use the land, but China can do whatever it wants. Welcome to Communism.