Chinese Supremacy For your Happy READING and viewing Pleasure -- - TopicsExpress



          

Chinese Supremacy For your Happy READING and viewing Pleasure -- BV Prasad This may be a bit long, but rather interesting. 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 the future, China will employ millions of American workers, dominate thousands of small communities all over the U.S. Chinese acquisition of US 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 . 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. 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: 1. When you total up all imports and exports, China is now the number one trading nation on the entire planet. 2. Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars. 3. China has more foreign currency reserves than anyone else on the planet. 4. China now has the largest new car market in the entire world. 5. 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. 6. China is the number one gold producer in the world. 7. The uniforms for the U.S. Olympic team were made in China . 8. 85% of all artificial Christmas trees the world over are made in China . 9. The new World Trade Center tower in New York is going to include glass imported from China . 10. China now consumes more energy than the United States does. 11. China is now in aggregate the leading manufacturer of goods in the entire world. 12. China uses more cement than the rest of the world combined. 13. China is now the number one producer of wind and solar power on the entire globe. 14. China produces 3 times as much coal and 11 times as much steel as the United States does. 15. China produces more than 90 percent of the global supply of rare earth elements. 16. China is now the number one supplier of components that are critical to the operation of any national defense system. 17. 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! P. J. Bhat Distinguished Scientist(Retd), ISRO/ISAC Deputy Director, MDA (Retd) , ISRO/ISAC Bangalore
Posted on: Wed, 26 Mar 2014 18:09:05 +0000

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