French court confiscates 9 chateaux from Chinese magnate
- AFP
- 15 May 2024
A French court ruled to confiscate nine Bordeaux wine country chateaux acquired by a Chinese magnate convicted of laundering Chinese government funds.
A French court ruled to confiscate nine Bordeaux wine country chateaux acquired by a Chinese magnate convicted of laundering Chinese government funds.
Chinese billionaire Xianfeng Lu has put one of the country’s biggest dairy operations, the nearly 200-year-old Woolnorth farming aggregation in Tasmania, up for sale after losing a big milk supply contract with dairy giant Fonterra earlier this year.
Farmers from different communities in the Ondo West Local Government Area of Ondo State took to the streets in protest against the alleged decision of the state government to take over their farmlands for leasing to a Chinese company.
An Australian management fund has nabbed another slice of historic Tasmanian farmland from billionaire Chinese businessman Xianfeng Lu and his troubled dairy company.
Haishan Group, a private Beijing-based construction firm with farming operations in Angola, has announced its involvement in the construction of a 300-hectare real estate and fishery industrial park featuring aquaculture, seafood processing, and feed production facilities.
Purchase of Australia's largest fruit grower by Driscoll's and US and Canadian private equity and pension funds includes six blueberry farms in Morocco and four berry farms in China.
A 20% year-over-year increase of agricultural exports from Laos in 2023 was largely on the back of Chinese plantations, according to trade officials, meaning that the country will reap few of the profits.
America is seeing more and more of its most fertile land snapped up by China and other foreign buyers, yet problems with how the US tracks such data means it’s difficult to know just how much.
The site of the dispute is part of a 42,420 hectares economic land concession that was granted to the Chinese company Hengfu Group Sugar Industry in 2011.
In October 2023, Arkansas became the first US state to enforce foreign farmland ownership laws when it ordered Syngenta to sell 160 acres of farmland.
Pakistan is offering land with preferential policies, especially in areas prone to floods, as part of their efforts to support the chili industry and mitigate the impact of climate change
Local residents who were evicted from their land for a 42,000 hectare sugar cane plantation are all the more bitter now that the unprofitable and poorly financed agricultural project has collapsed.
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Thailand: Stop foreign land grabs
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