Monday, February 11, 2013

40 Ways That China Is Beating America

Michael Snyder, Contributor
Activist Post

China is wiping the floor with the United States on the global economic stage, and most Americans are so clueless that they have absolutely no idea what is happening. The number one global economic superpower is in an advanced state of decline, and the number two global economic superpower is becoming stronger with each passing day. Unless something truly dramatic happens, it is only a matter of time before China overtakes America and become the dominant economic force on the planet.

In fact, China is already exercising economic superiority over the United States in a whole host of ways. China produces more goods than we do, China does more total trade in goods with the rest of the world than we do, China produces more cars than we do, China produces more gold than we do, China consumes more energy than we do, China produces more coal than we do and China produces more steel than we do. Every single year, we buy far more from them than they buy from us, and this has made them exceedingly wealthy.

Our politicians regularly make trips over to China to beg them to lend us back some of the money that they have taken from us. Today, we owe China more than a trillion dollars and the Chinese are sitting on the biggest pile of foreign currency reserves that the world has ever seen.

All of this wealth has fundamentally transformed the nation of China over the past couple of decades. Just check out the startling photographs of China from space in this article that show how China dramatically changed between 1992 and 2010. As China continues to become stronger and as America continues to become weaker, will our children some day wake up in a world where the Chinese are telling them what to do?

China became the number one exporter of goods back in 2009, but now China has reached another milestone on the road to global economic dominance.

When you total up all exports of goods and all imports of goods, China now conducts more total trade in goods with the rest of the globe than the United States does.

China’s emerging role as the dominant player in global trade is shaking things up all over the planet. The following is a brief excerpt from a recent Bloomberg article
China’s growing influence in global commerce threatens to disrupt regional trading blocs as it becomes the most important commercial partner for some countries. Germany may export twice as much to China by the end of the decade as it does to France, estimated Goldman Sachs Group Inc.’s Jim O’Neill. 
'For so many countries around the world, China is becoming rapidly the most important bilateral trade partner,' O’Neill, chairman of Goldman Sachs’s asset management division and the economist who bound Brazil to Russia, India and China to form the BRIC investing strategy, said in a telephone interview. 'At this kind of pace by the end of the decade many European countries will be doing more individual trade with China than with bilateral partners in Europe.'
If current trends continue, what will the world look like in 10 years?

Will the Chinese dominate the entire global economy?

What would that mean for America?

Sadly, Chinese dominance is already having very serious negative consequences in this country.

The following are 40 ways that China is beating America…

#1 As I mentioned above, when you total up all imports and exports of goods, China is now the number one trading nation on the entire planet.

#2 During 2012, we sold about 110 billion dollars worth of stuff to the Chinese, but they sold about 425 billion dollars worth of stuff to us. That was the largest trade deficit that one nation has had with another nation in the history of the world.

#3 Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars.

#4 China now has the largest new car market in the entire world.

#5 China has more foreign currency reserves than anyone else on the planet.

#6 China is the number one gold producer in the world.

#7 China is also the number one gold importer in the world.

#8 The uniforms for the U.S. Olympic team were made in China.

#9 85 percent of all artificial Christmas trees are made in China.

#10 The new World Trade Center tower is going to include glass that has been imported from China.

#11 The new Martin Luther King memorial on the National Mall was made in China.

#12 One of the reasons it is so hard to export stuff to China is because of their tariffs. According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#13 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.

#14 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#15 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

#16 Overall, the United States has lost a total of more than 56,000manufacturing facilities since 2001.

#17 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#18 China now produces more than twice as many automobiles as the United States does.

#19 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

#20 After being bailed out by U.S. taxpayers, General Motors is currently involved in 11 joint ventures with companies owned by the Chinese government. The price for entering into many of these “joint ventures” was a transfer of “state of the art technology” from General Motors to the communist Chinese.

#21 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#22 The United States has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.

#23 China’s number one export to the U.S. is computer equipment, but the number one U.S. export to China is “scrap and trash”.

#24 The U.S. trade deficit with China is now more than 30 times larger than it was back in 1990.

#25 China now consumes more energy than the United States does.

#26 China is now the leading manufacturer of goods in the entire world.

#27 China uses more cement than the rest of the world combined.

#28 China is now the number one producer of wind and solar power on the entire globe.

#29 There are more pigs in China than in the next 43 pork producing nationscombined.

#30 Today, China produces nearly twice as much beer as the United States does.

#31 Right now, China is producing more than three times as much coal as the United States does.

#32 China now produces 11 times as much steel as the United States does.

#33 China produces more than 90 percent of the global supply of rare earth elements.

#34 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

#35 A recent investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.

#36 15 years ago, China was 14th in the world in published scientific research articles. But now, China is expected to pass the United States and become number one very shortly.

#37 China now awards more doctoral degrees in engineering each year than the United States does.

#38 The average household debt load in the United States is 136% of average household income. In China, the average household debt load is 17% of average household income.

#39 The Chinese have begun to buy up huge amounts of U.S. real estate. In fact, Chinese citizens purchased one out of every ten homes that were sold in the state of California in 2011.

#40 The IMF is projecting that China will surpass the United States and become the largest economy on the planet in 2016.

Are you starting to get the picture?

And in the years ahead China is projected to become even more powerful economically.

Nobel economist Robert W. Fogel of the University of Chicago is projecting that if current trends continue, the Chinese economy will be three times larger than the U.S. economy by the year 2040.

Could you imagine a world where China has vastly more economic power than the U.S. does and dictates the direction of the global economy?

That is where we are heading.

The dragon is rising and the torch is being passed.

So how do you think all of this will end? Please feel free to post a comment with your opinion below…

This article first appeared here at the American Dream.  Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.


This article may be re-posted in full with attribution.


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Anonymous said...

the same propagtanda the americans and british did to japan in mid 80s and japan follishly fell for anglos lies. hopefully china will be wiser and keep anglos away from interfering in her affairs.
china makes money by doign something while america and britian makes money by lotting from toehr nations.
China was last considered the leading economy during the height of the Qing dynasty. The difference is that in the 18th century, the Qing Empire -- unlike pirate and monopolist trade loving pirate nation like Britain -- didn’t focus on trade. The Emperor Qianlong told King George III in a 1793 letter that “we possess all things. I set no value on objects strange or ingenious, and I have no use for your country’s manufactures.”
The Mongol hordes of the modern World, the pirate English , now have puppet leaders throughout NATO, Vatican, Israel, Pakistan, USA, Canada, Australia, New Zealand, Middle East(minus Syria, Iran), Central and South Americas (minus Cuba and Venezuela), Poland, Ukraine, Georgia, Rumania, China, Japan, India, etc.

Last remaining obstacles to her majesty's ambition of World domination are Russia, Iran, NK, and some rebellious factions within Chinese military.

Her Majesty's Empire rules virtually entire World.

Anonymous said...

Aside from the fact you can't breathe in their cities, I would say they are doing very well. The west as been "resting on their laurels" for too long and the prize has slipped away. Good for China, they have a vision and the manpower to make it happen. We in the west have the manpower but the leadership has no vision. I wonder how the one world order will deal with this! :)

Mike B. said...

I will bet there is a lot less Ritalin and Atterall given to Chinese schoolkids than what is given to our children in America.

Anonymous said...

Hopefully they don't let "feelings" get in the way like we have.. Politically Correct and the Feminist movement have all but gutted Americant through lawers greed and bankers 'needs'.

Anonymous said...

Anonymous said a mouthful, and sadly i cant disagree!

Anonymous said...

For now China is the only answer to the Tyranny of USA. China is working systematically and very cleverly. I will wait to see the demise of US hegemony and its World Police like behavior.
USA has brought this upon itself by waging war and begging China for more money to wage more illegal war on poor defenceless nations. The time is coming when US will be shown the corner.

Anonymous said...


Anonymous said...

If they let the Rothschilds set up a central bank run by the owners of the Federal Reserve their days will be numbered just as America's. Just a matter of time. I wonder if the Chinese will be as stupid and cowardly as the Americans have been with the private Federal Reserve scam run by the chosen tribe. At least so far, I have not seen the Chinese running to Israel to bow down to the master race.

Abbass (Steve) said...

A few words. YOu have attempted to be fair, I think. Your article is on the whole fine but I kept being jarred by obvious assumptions/biases in your choice of language. You refer to your politicians regularly going to China to "beg them to lend us back some of the money that they have taken from us." I think it is better to say "the money we gave to them" It isn;t as if they took it at gunpoint now is it? Which brings us to question if your "children some day wake up in a world where the Chinese are telling them what to do?" Since when do the Chinese dictate to others? That isn't how they do business, that is the American way. China isn't telling anyone what to do, just doing fair business and avoiding conflict as much as possible.

Abbass (Steve) said...

Another important point to remember when comparing things like this article does, is balance. Unless you ascribe to the delusory belief that any people are inherantly better, more intelligent or industrious than another, then China is merely growing into its potential, and the USA which has long enjoyed a disproportinate share of resources and the world's wealth, is being adjusted into its own natural role. Consider that China ia nearly 20% of the world's population. In a fair world their economy would be the biggest by the same margin and the USA, should be about one fifth of that size. Inevitably that is the best you can hope for, unless you are deluded by racial supremacy beliefs.

Abbass (Steve) said...

To the last anonymous, look more closely my friend. There is even a Chinese Jewish community, very old too. The usual suspects have had their leg in the Chinese door for a very long time. They have been busy and are ready to jump ship even as their American host succumbs like them all, to their parasitic ways.

Anonymous said...

If China starts getting out of hand, you all know the US will find some way to bomb them and get away with it. Al Qaeda 2.0 will be next hiding in the Chinese mountains.

Anonymous said...

Do you honestly think America and the rest of the Western World are going to simply sit back and let china take over the reins? Let's be realistic here folks, this will end one way and one way only: War.

Anonymous said...

Jews will never amount to much in China. They can't blend in like they do here. They will always be laowei. China will do whatever is good for China.

Anonymous said...

Every politician from the top down in the last TEN years to the present day should be charged with dereliction of duty. It is our very own politicians that have sold out America.

Afshin Nejat said...

It will end very badly for everyone. Unfortunately a lot of focus has been on what China is doing, when in fact if you look at the black budget of the U.S. "Government" (IF that is what it really is), it has ripped off the people of its own country for so long that it makes what China is doing virtually meaningless. Only a typical lemming idiot will not realize that the "Federal Reserve Bank" is not federal, has nothing in reserves to justify its lending paper money with interest, and isn't a bank with anything we Americans have on deposit. The cronyism which exists between the military and military weapons manufacturers, drug dealing cartels and the CIA and other alphabet agencies, and the evil stupidity of the masses who keep on stuffing their fat and ugly faces while voting or not-voting this to continue, is the real problem.

These lemmings continuously allow black-budgets to run amock with DUMBS (to go along with their own dumbness) and an entire parallel existence for the elites while these stupid sheeple just languish away on their mp3s and drive their CEEAAAARRSSSSS... until finally the lights will go out for one reason or another and make 9-11 look like a dress rehearsal.

These LEMMING IDIOTS are the reason for their own destruction, and whatever China is doing is simply background noise of a world which quite reasonably behaves in an opportunistic fashion due to this American Stupid Lemming Suicide.

These self-pitying morons now all have a new anthem, apparently: It's called "Blame It on My ADD, Baby". Their new Zeitgeist is spelled out by the "musical" group, Awolnation. Enjoy the spectacle.

canobs said...

___If the Central Bank of China is or become controlled by the BIS(bank for international settlements) thus the Rothchilds, then the growth of their economy is temporary like Japan,s was ___ But if they know how to keep their banking system public and independent (remninbi), separate from the actual private control Fed and BIS. then their growth will top the world.

Anonymous said...

Take the above article. Wherever it says "China" replace it with the word "Japan." Change the date from Monday, February 11, 2013 to Monday, February 11, 1981.

There were a hundred such articles written about Japan in the 1980s. Where is Japan today?

Anonymous said...

FDR tried to fix this country - but when Truman was illegal shoved in - and from him being President on up, the USA has been THE evil empire, a capitalist hell - meaning the worst KIND of capitalism practiced. Bullying other countries, making enemies. Handing out our tax dollars not only to leeches that never paid a cent into it, but just destroy neighborhoods, but also handing out corporate welfare. Tory rule is what America has had - except for FDR. Obama gried. he was told "no you can't."

China is doing the right thing. they didn't TAKE a thing from the stupid Americans. America borrowed from them in order to do just one more STUPID irrelevant war, which just made thing worse. And these latest wars all for the Joos? DAMNED them.

keyman101 said...

There is no other country in the world that persecutes Christians as China, or dissenters for any reason. The US can be like any other country - economically strong and neutral. This is a sign that we can no longer be the world's policeman, but will have to accept a lesser role than in years past.

Look at the statistics for the number of people that China imprisons, and the number they execute. Yes, they educate a great number of engineers, but they're working with over 1 billion people. China is a communist country, and therefore atheist. That is, they do not believe in God. We have been at war with them since 1949, and they are at war with us economically. But, if you are a Christian in China, you may be facing a bullet or worse.

China cares not one whit for human rights. There are people sitting in their prisons that wonder where the Americans are. Where are the good guys? Watching TV made in China, or texting on cell phones made in China. I hope we come out of our slumber and realize the danger we have put ourselves in. China is still the nation of Mao Tse Tung.

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