An article posted at The American Dream concerning reports that China has decided to 'buy up pieces of the United States and set up "special economic zones" inside our country from which they can continue to extend their economic domination'. This claim sounded a little far-out to me, so I did a little checking. There was a time when Americans feared that Japan was buying up important real estate here and would one time take over, which never came to be. We have had similar scares concerning other groups and countries. The basis for the China article seems to be still in question. The website Want China Times infers that no final decision has been made. Several websites have republished the original article. Here are a few excerpts.
One of these "special economic zones" would be just south of Boise, Idaho and the Idaho government is eager to give it to them. China National Machinery Industry Corporation (Sinomach for short) plans to construct a "technology zone" south of Boise Airport which would ultimately be up to 50 square miles in size. The Chinese Communist Party is the majority owner of Sinomach, so the 10,000 to 30,000 acre "self-sustaining city" that is being planned would essentially belong to the Chinese government. The planned "self-sustaining city" in Idaho would include manufacturing facilities, warehouses, retail centers and large numbers of homes for Chinese workers. Basically it would be a slice of communist China dropped right into the middle of the United States. [snip]
... Sinomach is in discussions to develop "special economic zones" all over the United States.
Sinomach has recently dispatched delegations to Ohio, Michigan and Pennsylvania to explore the possibility of establishing "special economic zones" in those states. [snip]
In 2010, the United States had a "current account balance" of negative 561 billion dollars. According to the CIA world factbook, that put us in last place in the entire world. In fact, our negative current account balance was more than 9 times larger than anyone else in the world. If you go check out this chart it will give you a really good idea of how nightmarish our trade situation has become. (The American Dream, hat tip Paul Bell)
Will be interesting to follow this.