If you have been following my show Flow of Wisdom Radio, I have been reporting all the major moves China is making on American soil. They have been buying up things left and right in the U.S. They’ve purchased the movie chain AMC Entertainment, the Federal Reserve gave them permission to purchase U.S. banks and they have been buying up U.S. oil and gas deposits.
Now, they have been scooping up some real estate in Toledo, Ohio BIG TIME! Last year they paid a little over $2 million in cash to develop a restaurant complex on the Muamee River. They also dropped a cool “$3.8 million on 69 acres of newly decontaminated land in the city’s Marina District, promising to invest $200 million in a new residential-commercial development.” according to Activist Post contributor, Michael Snyder. A Chinese investment group bought 200 acres in Milan, Michigan to build a “China City” with man made lakes, a cultural center and housing units for Chinese citizens.
This is crazy how they are simply setting up shop right in the middle of the United States. Honestly, can we be mad at China? These are some questions I’m asking; how can U.S. citizens benefit from this? Will this open up jobs for Ohio/Michigan residents or is this only for Chinese immigrants? Why don’t U.S. investors come into some of our most desolate cities like Toledo and invest like the China is? Is it because most U.S.companies are too busy shipping jobs over-seas? I don’t have the answers, but best believe I’m paying attention!
Excellent job to Activist Post and Michael for covering this story! Please read the full article by Michael Snyder on Activist Post.