Fw: China - Worth a read

> Subject: FW: China - Worth a read 


> Chinese Supremacy ?? 
> This article, though 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. 
> 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 ! 


Anonymous said...

Remember when they said this about Japan in the 80's?
Thanks for the flashback, Right Wing Dad!

gruaud said...

It didn't have to come to this, provided legislators had used a little foresight.

And we are not going to compete with China by adopting tea-party austerity measures.

Mr_Creosote said...

These RW loons have got to be the most ingnorant, unobservant, barkers up the wrong tree mouth breathers ever. Flag waving dolts.

Did they not ever consider that much of China's economic and geopolitical muscle came of right wing economic policies? Hell, "free trade", globalization, offshoring and the resultant wage artbitrage are the cornerstone of GOP's ( and "thrd-way" democrats ) policy.

All the "anything for a buck" rentiers who exported so many jobs and sold china the rope in which to hang us with have played team-player conservatives for fools. I laughed my head off when Donald Trump was vying for president and running on a "get tough with China" meme and all the right wing dopes I know were all fist-pumping and getting behind him....as if even if he DID get elected, the corporatists that run the GOP would allow any restraint whatsoever on the US multinational corporations in China that shovel money back to them.

ferschitz said...

Look up TPP and see what it means.

Look up who's behind signing the TPP.

Agree with Mr. Creosote.

Third Way Democrats - aka Barack Obama - are nothing more than GOP-lite and have been so since Jimmy Carter (who has at least tried to redeem himself since leaving office).

DLC Dems & the GOP are the ones pushing for no regulations, no regulations, no regulations, and they've mostly gotten it. It was Bill Clinton - classic 3rd Way Dem - who signed away Glass-Steagle which led directly to the 2008 crash (not due to minorities who took out mortgages no matter how much these brain-dead bigots want to blame it on them).

If China has become a powerhouse, it's all due to Team USA, who's hegemony world-wide is wearing thin.

Wanna blame this all on that darky in the White House? Fine, he's partially responsible, but if you dopes think the GOP or some fake libertarian asshole like Rand Paul will save your pathetic shorts, then better go buy a clue.

This country's in the hopper, and it's partly due to idiotic rightwingers who salivate to let their bigoted stupidity freak flags fly freely.

Divide & conquer. So very very easy with this cohort of the population. Bought off with bigotry & guns. Worthless, foolish know-nothings about to get their pockets picked once again.

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