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ChineseKiwi
Patrick Boyle
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Comments by "ChineseKiwi" (@ChineseKiwi) on "Goldman Sachs Helps China buy Foreign Companies" video.
6:51 - In reality, the Chinese owned land still have to adhere to local laws. A clear example is the Crafar farms in New Zealand. The mainstream media focused on the Chinese buying, but only lightly touched on the fact that those farms were run down and were penalised multiple times by authorities for animal cruelty by their former local Kiwi owners and that it was running at a loss. The Chinese owners transformed those farms to be up to standard and profitable. However, yes, there should be stricter scrutiny on the buying of strategic assets like ports and chip companies.
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The Chinese rank #7 in foreign farmland ownership in Australia but guess who gets all the clickbait and ragebait? Guess who was the biggest foreign buyer of farmland in the few years before COVID in Australia? Canada. And foreigners only own at most 17% of the farmland. American and British interests dominate our overseas owned mining stakes and French and New Zealand interests have the biggest stake in dairy farms in Australia but they can’t get the ragebait as easily so…. And the Canadians and Aussies don’t care about their mining companies’ interests overseas…. (You as a Canadian, look up the dodgy grey area legality of Canadian mining companies in Western Sahara 👀)
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Most US farmland is still by far locally owned and small farmer owned in the US. Less falling for the clickbait and ragebait.
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@ssb9054 or you can simply look it up yourself
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