China investments in US housing

I researched this article.  Of late there has been plenty of hostility toward the 8 largest democracies (G-8) and their acts of globalization around the world.  Specific to America, are the trade and investment negotiations we've established with China, and how our policies or starting to look more communist as many of our privatized industries are becoming global.  It seems, in this situation, that we are at the will of the Chinese in the housing market.  Current investment opportunities in China's real estate are becoming hard to come by as there prices remain high and the US dollar remains weak.  Like wise the real estate in America is some of the best, specifically New York and Washington as according to Association of Foreign investors in Real Estate (AFIRE).  So as more and more housing packages are swept up by the Chinese for rent and selling, the more so we become reliant on China as the foreign revenue stream increases.  Seeing as how 22% of US foreing debt belongs to China many think these acts will only up that value.  Many joke that this rise in globalization is making us seem less capitalist because all of our industries are becoming less privatized.  Fortunately US actions disapprove this with such actions as their 278 billion dollar investment into housing recovery.  We mentioned in class the downfalls of protectionism and it is too bad for such a dilemma because with so much foreign trade it would make sense that America place more tariffs to help out their struggling industries.  Though some acts of globalization our good, don't get me wrong.  But those include outsourcing for cheaper assistance or when it's more efficient not sacrificing US independence by letting China into our housing market so much.  I for see some sort of stable trade agreement in the future that will decrease our indebtedness to China and highlight the qualities of globalization like getting a Big Mac in Hong Kong.