The Chinese government is looking to buy more than just groceries in the United States, according to the Wall Street Journal.
According to the article, the Chinese government’s plans are to acquire about 10 million acres of land across the United Sates, from California to Alaska.
The purchase will likely include a $100 billion price tag.
China is a huge market for the United states.
In 2015, the United Nations estimated that China would consume $US15.3 trillion worth of goods and services.
According the article , China’s largest supermarket chain, JD.com, plans to expand its reach into the U.S. market.JD.com CEO, Liu Zhongshu, said in a statement that the new venture will “help JD grow into a leading global retailer.”
He added that the JD.
Com Group “will invest in new stores and expand our distribution network.”
According to WSJ, JD has been looking to open a new U.T.S., California and Alaska store since the company first announced plans in May.