About the every expanding Chinese Supremacy

originally published on June 8, 2013, by Michael Snyder, Guest Post

This article, entitled “A Little Known Reality” though aimed at a US audience, gives a scary insight into China’s growing economic power.
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 the U.S.A.’s 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.

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.
Starting to get the picture? China is on the rise. If in doubt, 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 any other country 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’ll just leave you with one piece of advice – learn to speak Chinese. You’re going to need it

About ivanmconsiglio

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1 Response to About the every expanding Chinese Supremacy

  1. A friend of mine was in China during the summer of 2012 for a couple of weeks. By the end of the second day he had fully surrendered to the idea that we in the Western world were in deep, deep do-do.

    Everywhere they looked, there were factories roaring, building after building being built or renovated, and entire new cities being built. The pace of life is comparable to what he, as a kid, grew up with in Pittsburgh in the 1950s-1960s, with the steel mills working 24/7 x 362, and everyone hustling in one direction or another.

    He remarks that “They literally cannot wait to make more things and sell them – capitalism in “Big China” (as my Taiwanese friends call it) is alive and well and drawing more people to jobs/work than we can imagine in our advanced economies. ”

    The weakness(es) are the very poor management and inadequate internal movement of goods and people. Either or both of these can and probably will change but the labor will have moved on by then…to other countries or regions where people are either desperate enough or not developed enough to want more.

    As the majority banker to the US’s profligate spending China is somewhat restrained in terms of what they can do economically to their nearest competitor (the US). Other nations will not be similarly blocked and the future will be “interesting” to say the least.

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