.
In future China will employ millions of American workers
FYI I have enrolled in Cantonese/Mandarin classes! You better do that.
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 per cent 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 defence 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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Posted by: Jaffer Kassam <Jafferkassam@gmail.com>
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