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China has said it will not honor the judgment. “The so-called lawsuit has no basis in fact, law or international precedence,” Chinese embassy spokesman Liu Pengyu told The New York Times. “China does not and will not accept it. If China’s interests are harmed, we will firmly take reciprocal countermeasures according to international law.”
China was not represented at the trial, resulting in a default judgment.
It's unclear why China is buying farmland in the United States. Granted real estate can be a valuable part of an investment portfolio, but China has ample land of their own. Interestingly, China is far from the largest foreign owner of American agricultural land; that largest foreign owner, as of 2021, would be Canada, followed by the Netherlands, Italy, the United Kingdom, and Germany. China's ownership, also as of 2021, is about 383,935 acres. It's likely, though, that the Canadian and other interests represent ownership by large agricultural business concerns, whereas China's purchases are disturbing due to some of the lands' proximity to important U.S. military installations. For example: Chinese interests have purchased 300 acres of land near Grand Forks Air Force Base, which is home to a B-1 Lancer wing, along with other assets.