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This
article, aimed at a US audience, gives a scary insight into China's growing
economic power.
A Little Known Reality.
June 8, 2013. Source: Michael Snyder, Guest Post
In future China will employ millions of American workers and
dominate thousands of small communities all
Over the United States. Chinese acquisition of U.S. Businesses
set a new all-time record last year, and it is
On pace to shatter that record this year.
The Smithfield Foods acquisition is an example. Smithfield Foods is the largest pork producer and processor
In the world. It has facilities in 26 U.S. States and it
employs tens of thousands of Americans. It directly owns
460 farms and has contracts with approximately 2,100
others. But now a Chinese company has bought it for
$ 4.7 billion, and that means that the Chinese will now be the
most important employer in dozens of rural
Communities all over America.
Thanks in part to our massively bloated trade deficit with China, the Chinese have trillions of dollars to spend.
They are only just starting to exercise their economic muscle.
It is important to keep in mind that there is often not much of a difference between “the Chinese government”
And “Chinese corporations”. In 2011, 43 percent of all
profits in China were produced by companies where the
Chinese government had a controlling interest in.
Last year a Chinese company spent $2.6 billion to purchase AMC entertainment – one of the largest movie theater
Chains in the United States. Now that Chinese company
controls more movie ticket sales than anyone else in the world.
But China is not just relying on acquisitions to expand its economic power. “Economic beachheads” are being
Established all over America. For example, Golden Dragon
Precise Copper Tube Group, Inc. Recently broke ground
On a $100 million plant in Thomasville, Alabama. Many of
the residents of Thomasville, Alabama will be glad to have
Jobs, but it will also become yet another community that will
now be heavily dependent on communist China.
And guess where else Chinese companies are putting down roots? Detroit. Chinese-owned companies are investing in
American businesses and new vehicle technology, selling
everything from seat belts to shock absorbers in retail stores,
And hiring experienced engineers and designers in an effort to
soak up the talent and expertise of domestic automakers
And their suppliers. If you recently purchased an
“American-made” vehicle, there is a really good chance that it has a
Number of Chinese parts in it. Industry analysts are
hard-pressed to put a number on the Chinese suppliers operating in
The United States.
China seems particularly interested in acquiring energy
resources in the United States. For example, China is actually
Mining for coal in the mountains of Tennessee. Guizhou
Gouchuang Energy Holdings Group spent 616 million dollars
To acquire Triple H Coal Co. In Jacksboro, Tennessee. At
the time, that acquisition really didn’t make much news, but now
A group of conservatives in Tennessee is trying to stop the
Chinese from blowing up their mountains and taking their coal.
And pretty soon China may want to build entire cities in the United States just like they have been doing in other countries.
Right now China is actually building a city larger than
Manhattan just outside Minsk, the capital of Belarus.
Are you starting to get the picture? China is on the rise. If
you doubt this, just read the following:
# When you total up all imports and exports, China is now the
number one trading nation on the entire planet.
# Overall, the U.S. has run a trade deficit with China over the
past decade that comes to more than 2.3 trillion dollars.
# China has more foreign currency reserves than anyone else on
the planet.
# China now has the largest new car market in the entire world.
# China now produces more than twice as many automobiles as the
United States does. After being bailed out by
U.S. taxpayers, GM is involved in 11 joint ventures with Chinese
companies.
# China is the number one gold producer in the world.
# The uniforms for the U.S. Olympic team were made in China.
# 85% of all artificial Christmas trees the world over are made
in China.
# The new World Trade Center tower in New York is going to
include glass imported from China.
# China now consumes more energy than the United States does.
# China is now in aggregate the leading manufacturer of goods in
the entire world.
# China uses more cement than the rest of the world combined.
# China is now the number one producer of wind and solar power
on the entire globe.
# China produces 3 times as much coal and 11 times as much steel
as the United States does.
# China produces more than 90 percent of the global supply of
rare earth elements.
# China is now the number one supplier of components that are
critical to the operation of any national defense system.
# In published scientific research articles China is expected to
become number one in the world very shortly.
And what we have seen so far may just be the tip of the iceberg. For now, I will just leave you with one piece of advice -
Learn to speak Chinese, you are going to need it !
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