China Buys Up Property in America's Hottest Housing Market
- While Zhong has recently come under fire in China for not being loyal enough to his country after criticizing Beijing for failing to control pricing on online platforms, New Hampshire lawmakers worry that his new Nashua plant stands too close to sensitive military locations in the state.
"We always need to be extra careful about all potential sales of critical infrastructure such as our water supply. There has been a lot of concern throughout the Nashua community that this sale is being rushed through without proper scrutiny being paid to the buyer," Republican state Senator Kevin Avard, a vocal critic of the deal, told Newsweek.
"I fully understand that sentiment and have been vocal about slowing down the process to make sure that we aren't putting the safety of our community needlessly in jeopardy. These concerns were so strong and so loud that Nongfu was forced to modify its original plan to purchase the water rights and focus solely on the water bottling plant," he said.
In a statement issued on Friday, Nashua Mayor James Donchess said that the city was "neither involved in nor informed of the sales and acquisitions of any private properties in the city, and it has no input on the purchase prices of any private properties.
The sale has raised questions over national security and the future of Nashua's water resources, as the Chinese company sets up operations in the city. According to LinkedIn posts,
Nongfu Springs has been hiring for positions in Nashua in the past few months.
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