Eagle Forum Legislative Alerts

Wednesday, November 28, 2012

China's Curious Investments in the U.S.

Communist China's direct investment in the U.S. could hit unprecedented high levels this year. And, remember, China has plenty of U.S. cash. China is on a path to reach at least $8 billion in U.S. investments. This year's pending multi-billion-dollar acquisitions by Communist China include a $2.6 billion bid by Dalian Wanda for the AMC movie theater chain, and a $1.8 billion bid by the Chinese aerospace manufacturer Superior Aviation for the aircraft maker Hawker Beechcraft in Wichita, Kansas. Chinese investors are targeting a variety of U.S. industries for investment such as advanced manufacturing, oil and gas, renewable energy, aerospace, electronics, and banking. The Chinese are investing big in Toledo, Ohio, and we wonder why. Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. They spent another $3.8 million for land in the city's Marina District, then another $3 million for an old hotel.

One of the most curious, and perhaps ominous investments, is Communist China's $30 million investment in charter schools in Florida, and the promise of three times that much next year. The Chinese are taking advantage of our EB-5 visa program which people who know about it call the "green card via red carpet" program. This allows foreigners to get legal residency in the U.S. so long as the million dollars they invest will help create at least 10 fulltime jobs. There's no guarantee that those 10 jobs will even be for Americans; they could be all for people imported from China. I don't know about you, but I find this dangerous. I hope state legislatures will hurry up and pass bills that require all charter schools to be run by a board of directors made up of American citizens.

Listen to the radio commentary here:

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