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China Invading America NOW 2012/13/14

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August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
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October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Psalm 51:17
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« Reply #90 on: January 21, 2014, 06:01:03 pm »

China's unwelcome export to the US: air pollution
http://www.nbcnews.com/business/chinas-unwelcome-export-us-air-pollution-2D11967266
1/21/14

The U.S. may have sent jobs making cellphones and big-screen TVs to Chinese factories, but the pollution from those factories is coming back onshore.

China's famously foul urban air is blowing across the Pacific Ocean — much of it derived from factories that make popular consumer goods sold in the U.S. and Europe, according to a new paper by a group of researchers at the University of California at Irvine and other scientists published in the Proceedings of the National Academy of Sciences.

"When you buy a product at Walmart, it has to be manufactured somewhere," said co-author Steven Davis, an earth systems scientist at Irvine, in a press release. "The product doesn't contain the pollution, but creating it caused the pollution."

Air pollution is a major problem confronting China's leaders, who are coping with social, economic and environmental strains resulting from decades of rapid industrialization. A former Chinese health minister recently said that air pollution kills 500,000 people in China every year.

Most air pollution in the U.S. is produced locally by cars, trucks, refineries and other sources. But powerful global westerly winds can move airborne chemicals across the Pacific in days, according to the researchers.

The incoming dust, ozone and carbon is especially strong in the spring, causing dangerous spikes in contaminants that can accumulate in valleys and basins in California and other Western states, the study said. In Los Angeles, for example, the nitrogen oxide and carbon monoxide from Chinese factories pushes smog levels above U.S. federal ozone limits at least one extra day a year.

The researchers said their study is the first to quantify how much of the pollution is tied to the production in China of cellphones, televisions and other consumer items exported to the U.S. and the rest of the world.

The scientists note that while Chinese pollution exports have degraded air quality in Western states, the offshoring of U.S. manufacturing has improved air quality in the eastern half of the country.
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« Reply #91 on: January 29, 2014, 09:12:12 am »

China Owns 60 % Manhattan New York

China owns 60 % of South Manhattan New York.

China invests $1 billion in New York City

By Emily Lodish, Global Post

Chinese companies and entrepreneurs have quietly invested $1 billion in New York City over the last year.

In the process, they have snagged parts of major city icons, like the Empire State Building and the Tappan Zee bridge.

vids and stuff: http://investmentwatchblog.com/china-owns-60-manhattan-new-york/
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Psalm 51:17
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« Reply #92 on: January 29, 2014, 11:28:27 am »

And don't forget about all of those Chinese troops(like the Russian troops) that are quietly on US soil now, prepping for Civil War/Martial Law in America(and spying on everyone too).
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« Reply #93 on: January 29, 2014, 12:24:45 pm »

Just one thing about foreign investors in US property; the Chinese can't take it back home! What are they going to do, repo PART of the Empire State Building back to China? Nope. In investments like that, I see the risk totally on the Chinese. Big difference in buying into buildings and real estate compared to a business that CAN be moved overseas.
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« Reply #94 on: February 08, 2014, 12:28:39 pm »

http://rt.com/usa/china-nuclear-submarine-hawaii-alaska-930/
New Chinese submarine patrol puts Hawaii, Alaska within nuke range - report
Published time: February 06, 2014 22:43

The Chinese are preparing to deploy submarines armed with nuclear missiles that will patrol the northern Pacific Ocean and come within range of at least two US states, according to a new report from the US Navy.

The US Naval Institute (USNI) reported that the People’s Liberation Army Navy (PLAN) has tapped the Jin-class nuclear ballistic submarines to begin patrols in 2014. The subs will carry intercontinental range missiles that are thought to have a range of no less than 14,000 kilometers (8,699 miles) and can deliver a single or multiple warheads.

“With a range in excess of 4,000 [nautical miles], the JL-2 submarine launched ballistic missile (SLBM), will enable the JIN to strike Hawaii, Alaska and possibly western portions of CONUS from East Asian waters,” Office of Naval Intelligence Officer Jesse Karotkin wrote in his testimony last month to the US China Economic Security Review Commission.

The new Jin-class Type 094 submarines are a technological marvel when compared to the Type 092 class that the PLAN has traditionally relied upon. Weighing 11,000 tons when fully submerged, the Navy sees this development as proof that the Chinese “want to get more on par with Western countries.”

“The three JIN [ballistic missile submarines] currently in service would be insufficient to maintain a constant at-sea presence for extended periods of time, but if the PLA Navy builds five units as some sources suggest, a continuous peacetime presence may become a viable option for the PLAN,” Karotkin noted.

Karotkin explained in his report that a number of factors have forced China to modernize its Navy, which now has more than 60 submarines, 55 medium and large amphibious ships, roughly 77 principal surface ships, and nearly 100 other small craft.

“At the dawn of the 21st Century, the People’s Liberation Army Navy remained a largely littoral force. Though China’s maritime interests were rapidly changing, the vast majority of its naval platforms offered very limited capability and endurance, particularly in blue water. Over the past 15 years the PLAN has carried out an ambitious modernization effort, resulting in a more technologically advanced and flexible force,” he wrote, as quoted by USNI.org.

“This transformation is evident not only in the PLAN’s gulf of Aden counter-piracy presence, which is now in its sixth year, but also in the navy’s more advanced regional operations and exercises. In contrast to its narrow focus a decade ago, the PLAN is evolving to meet a wide range of missions including conflict with Taiwan, enforcement of maritime claims, protection of economic interests, as well as counter-piracy and humanitarian missions.”

China also proved it has updated other military forces last month when, according to the Pentagon, the PLAN flight-tested a hypersonic missile delivery vehicle capable of penetrating any existing defense system with nuclear warheads. The weapon is one that experts have hailed as a game-changer for its ability to hit a target with a nuclear warhead before defense systems can react.

The Pentagon confirmed to the Washington Free Beacon that the test flight had taken place but offered no further explanation. The US is the only country in the world known to have such a weapon in its arsenal.

“We routinely monitor foreign defense activities and we are aware of the test,” a spokesman said.
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« Reply #95 on: February 09, 2014, 04:56:50 am »

It's one thing to develop a weapon system, but it's a whole 'nother level to make something reliable that actually works. Because they got a sub THEY say can launch nukes, that doesn't mean they can effectively. Iran has shown that itself with claims of hardware displayed that was nothing more than junk slapped together for show.

I'm sure China has come a long way with technology, seeing they no doubt have stolen a lot of technology from the West. Aircraft carrier and submarine technology is pretty much worked out, so it's just a matter of building your own version, assuming the workmanship will hold up, which remains to be seen with Chinese hardware.
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« Reply #96 on: February 19, 2014, 04:44:21 pm »

http://www.bbc.co.uk/news/magazine-26124989
18 February 2014 Last updated at 19:40 ET

California drought: Why farmers are 'exporting water' to China

While historic winter storms have battered much of the US, California is suffering its worst drought on record. So why is America's most valuable farming state using billions of gallons of water to grow hay - specifically alfalfa - which is then shipped to China?

The reservoirs of California are just a fraction of capacity amid the worst drought in the state's history.

"This should be like Eden right now," farmer John Dofflemyer says, looking out over a brutally dry, brown valley as his remaining cows feed on the hay he's had to buy in to keep them healthy.

In the dried-up fields of California's Central Valley, farmers like Dofflemyer are selling their cattle. Others have to choose which crops get the scarce irrigation water and which will wither.

"These dry times, this drought, has a far-reaching impact well beyond California," he said as the cattle fell in line behind his small tractor following the single hay bale on the back.

"We have never seen anything like this before - it's new ground for everybody."

Landscapes of dry Tulare County in Central California (left) and lush Imperial Valley in Southern California (right) The drought-stricken Central Valley (left) contrasts with the lush Imperial Valley, which gets water through a canal from the Colorado river
California is the biggest agricultural state in the US - half the nation's fruit and vegetables are grown here.

Farmers are calling for urgent help, people in cities are being told to conserve water and the governor is warning of record drought.

But at the other end of the state the water is flowing as the sprinklers are making it rain in at least one part of southern California.

The farmers are making hay while the year-round sun shines, and they are exporting cattle-feed to China.

The southern Imperial Valley, which borders Mexico, draws its water from the Colorado river along the blue liquid lifeline of the All American Canal.

It brings the desert alive with hundreds of hectares of lush green fields - much of it alfalfa hay, a water-hungry but nutritious animal feed which once propped up the dairy industry here, and is now doing a similar job in China.

"A hundred billion gallons of water per year is being exported in the form of alfalfa from California," argues Professor Robert Glennon from Arizona College of Law.

"It's a huge amount. It's enough for a year's supply for a million families - it's a lot of water, particularly when you're looking at the dreadful drought throughout the south-west."

Manuel Ramirez from K&M Press is an exporter in the Imperial Valley, and his barns are full of hay to be compressed, plastic-wrapped, packed directly into containers and driven straight to port where they are shipped to Asia and the Middle East.

This image obtained from the National Oceanic and Atmospheric Administration (NOAA) shows snow and water equivalents in the Sierra Nevada mountain range in California abnormally low for January 2014 compared to the same time in 2013
"The last few years there has been an increase in exports to China. We started five years back and the demand for alfalfa hay has increased," he says.

"It's cost effective. We have abundance of water here which allows us to grow hay for the foreign market."

Cheap water rights and America's trade imbalance with China make this not just viable, but profitable.

"We have more imports than exports so a lot of the steamship lines are looking to take something back," Glennon says. "And hay is one of the products which they take back."

It's now cheaper to send alfalfa from LA to Beijing than it is to send it from the Imperial Valley to the Central Valley.

"We need to treat the resource as finite, which it is," he says. "Instead, most of us in the states, we think of water like the air, it's infinite and inexhaustible, when for all practical purposes it's finite and it's exhaustible."

Piles of hay behind 'Product for China only' sign
Alfalfa farmer Ronnie Langrueber believes he's doing his bit to help the American economy out of recession.

"In my opinion it's part of the global economy
," he says, adding that only a fraction of the hay goes to China.

"We have to do something to balance that trade imbalance, and alfalfa is a small part we can do in the Imperial Valley to help that."

He believes the whole "exporting water" argument is nonsense - that all agricultural exports contain water - and that there are few better uses for it.

"Is it more efficient to use water for a golf course for the movie stars?" Langrueber said.

"Or is it more efficient for farmers to use it to grow a crop and export it and create this mass economic engine that drives the country?"

Japan, Korea and the United Arab Emirates all buy Californian hay. The price is now so high that many local dairy farmers and cattle ranchers can't afford the cost when the rains fail and their usual supplies are insufficient.

But they have to buy what they can.

Cattle rancher John Dofflemyer certainly sees it as exporting water abroad - he resents the fact hay is sent overseas.

Hay trucks are a common sight heading north up the road from the Imperial Valley - despite the high prices, the cattle farmers have to buy what they can.

Even with recent rains in northern California there's still a critical shortage of water.

Drought is often an excuse for politicians to build dams or reduce environmental controls, but it's no long-term fix.

In those places awash with water - where global trade distorts the local market - decisions need to be made by those without something to gain.

That's where it gets even more complicated.
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« Reply #97 on: February 20, 2014, 02:15:00 am »

Quote
So why is America's most valuable farming state using billions of gallons of water to grow hay - specifically alfalfa - which is then shipped to China?

What did I say?

http://endtimesandcurrentevents.freesmfhosting.com/index.php/topic,6962.msg46930.html#msg46930

Quote
The real strain on the water supply is various uses that are recreational and simply put, excess. Look at all the water that goes to irrigation of crops in California. They claim in another article 80% of California water usage is agriculture. How much of those crops stay in the US? Otherwise, that's effectively water being shipped out of the country!


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« Reply #98 on: April 02, 2014, 07:36:39 am »

The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America

Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once?  As you will read about in this article, the Chinese are on a real estate buying spree all over America.  In fact, in some cases large chunks of land are actually being given to them.  Yes, you read that correctly.  China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people.  Do we really want a foreign superpower to physically own so much of our territory?

There are some that are playing down this threat by making a distinction between the Chinese government and Chinese corporations, but things work differently over in China than they do here.  In China, the government is involved in everything.  In fact, 43 percent of all corporate profits in China are produced by companies that the Chinese government controls.  And all of the rest of the companies are very careful to follow the lead and direction of the Chinese government.

That is why what is going on in places such as Thomasville, Alabama is so alarming.  Small communities such as Thomasville are so starved for jobs that they are willing to give land away for free to Chinese companies in order to entice them to build factories…

    Gov. Robert Bentley said Friday that he will announce an economic development project in Thomasville, Ala., Monday morning.

    That project is likely a copper tube plant to be built by Golden Dragon Precise Copper Tube Group. A legal notice published Thursday indicates that the city of Thomasville and others intend to give land and other incentives to GD Copper USA, which state corporation records identify as a Florida-based subsidiary of Golden Dragon.

And in this particular case, we are not just talking about a small plot of land.  We are talking about a 40 acre chunk of land worth 1.5 million dollars…

    The legal notice indicated the city plans to give Golden Dragon a 40-acre site. Thomasville Mayor Sheldon Day has said that land is in a city industrial park south of Thomasville High School. It includes a $1.5 million, 50,000-square-foot building that the city constructed in 2009 to attract businesses.

But in most cases, the Chinese actually have to spend money to acquire our real estate.  And they are starting to make some really high profile acquisitions in some of our most expensive cities…

    China Vanke and Tishman Speyer signed a deal for a $620 million luxury condo project in San Francisco this winter. In April, another deal for a cool $1.5 billion was inked in Oakland between Zarsion and Signature Development Group.

    In June, several big deals in New York City went down. Zhang Xin, CEO of Soho China , joined forces with the wealthy Safra family (of Banco Safra fame) of Brazil to buy a stake in the General Motors Building in Midtown, The New York Times reported on June 25. Dalian Wanda Group, another Chinese developer, is planning to build a greenfield luxury hotel in Manhattan.

In other cases, the Chinese are gaining control over vast tracts of U.S. territory by buying up our large corporations.

For example, when the Chinese purchased Smithfield Foods, they suddenly owned 460 large farms and became the top employer in dozens of communities all over the United States…

    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.

And the Chinese seem to have a particular interest in economically-depressed areas of the country.  Perhaps they feel that now is the time to gobble up companies and properties in such areas for bargain-basement prices.  For instance, the following is from a CNBC article that detailed how the Chinese are aggressively “putting down roots in Detroit”…

    Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.

    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.

Speaking of Michigan, one company known as “Sino-Michigan Properties LLC” actually had plans to buy up 200 acres of land near the town of Milan, Michigan.  The goal was to build an entire “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.

But that is nothing compared to the “China City” that was being planned for New York state.  The following is a short excerpt from one of my previous articles…

    The Chinese have made trillions of dollars flooding our shores with super cheap products, and now they are using some of that money to buy land and property all over America.  For example, there is now a proposal to construct a multibillion dollar “China City” that would span approximately 600 acres in a remote area of New York state.  This “China City” (that is actually what it would be called) would be located on Yankee Lake in Sullivan County, New York.  The plans anticipate large numbers of Chinese businesses, plenty of homes for Chinese immigrants, a Chinese high school, a college, a casino and even a theme park.  And the first 600 acres is only for “phase one” of the plan.  Ultimately, the goal is for “China City” to cover more than 2,000 acres.  Those promoting this plan say that it will be a great way for New Yorkers to learn to appreciate Chinese culture.

But of much greater concern is the huge wave of real estate purchases that are quietly happening all around us every single day.

The following is from a recent CNBC article entitled “Chinese buying up California housing“…

    At a brand new housing development in Irvine, Calif., some of America’s largest home builders are back at work after a crippling housing crash. Lennar, Pulte, K Hovnanian, Ryland to name a few. It’s a rebirth for U.S. construction, but the customers are largely Chinese.

    “They see the market here still has room for appreciation,” said Irvine-area real estate agent Kinney Yong, of RE/MAX Premier Realty. “What’s driving them over here is that they have this cash, and they want to park it somewhere or invest somewhere.”

So what happens when we get to the point when the Chinese government and/or Chinese citizens own 10 percent of all the real estate in the entire country?

Will it be a problem then?

What about if we get to 20 percent or 30 percent?

At what point will we be forced to admit that we have a major problem on our hands?

Many of our leaders seem resigned to the fact that the future will be dominated by communist China.

For example, the President of the St. Louis Federal Reserve recently stated that “attitudes in the U.S. are going to have to change” because America “will not permanently be the global leader”…

    That’s according to Federal Reserve Board of St. Louis President James Bullard, who spoke to the Wall Street Journal on the sidelines of a conference during a recent visit to Hong Kong.

    “Attitudes in the U.S. are going to have to change, because the U.S. will not permanently be the global leader,” Mr. Bullard said.

In fact, Bullard insists that it is inevitable that the U.S. will end up playing second fiddle to communist China…

    In that case, “the U.S. would be playing a role to China similar to the role the U.K. plays to the U.S. today,” Mr. Bullard said. “People think it’s 50-75 years away but it’s probably only 25 or 20 years away, something like that.”

And this is one of the guys that is running the U.S. economy?

There is more than one way to dominate your enemy, and the Chinese understand this.

Sadly, most Americans have absolutely no idea what is happening.

What about you?

What do you think about all this?

http://endoftheamericandream.com/archives/the-chinese-are-acquiring-large-chunks-of-land-in-communities-all-over-america
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« Reply #99 on: April 03, 2014, 02:31:32 am »

Quote
So what happens when we get to the point when the Chinese government and/or Chinese citizens own 10 percent of all the real estate in the entire country?

Will it be a problem then?

Nope, not a problem. Never has been a problem. Countries have been doing it for ages. The Japanese took their turn a few years back, and like ALL previous surges in interest, it too collapsed eventually, leaving a bunch of Japanese companies forced to sell US companies and real estate when the market went bust.

As Japan found out, you cannot take the real estate back to Bejing with you!
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« Reply #100 on: April 26, 2014, 06:50:03 am »

The Chinese take Manhattan: Wealthy investors replace Russians as biggest property buyers as they broker deals online without stepping foot inside luxury homes

    Ukraine crisis and threat of sanctions blamed for drop in Russian interest
    City homes seen as investment for families wanting children to have Western education
    Buyers get more space for less money in New York than in Hong Kong


There has been a rise in the number of Chinese investors snapping up apartments in New York after finding they can get more for their money in Manhattan than Shanghai or Hong Kong.

Russians used to dominate the property market in the city, but their interest has dropped since the crisis in Ukraine and the increasing threat of sanctions.

The number of buyers from China is nearly a fifth higher than it was this time last year, with many signing deals on properties they haven't even viewed in person.

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Read more: http://www.dailymail.co.uk/news/article-2613396/The-Chinese-Manhattan-Wealthy-investors-replace-Russians-biggest-property-buyers-broker-deals-online-without-stepping-foot-inside-luxury-homes.html#ixzz2zzaSPsed

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« Reply #101 on: April 30, 2014, 06:23:53 am »

China poised to pass US as world’s leading economic power this year

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The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019.

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The figures, compiled by the International Comparison Program hosted by the World Bank, are the most authoritative estimates of what money can buy in different countries and are used by most public and private sector organisations, such as the International Monetary Fund. This is the first time they have been updated since 2005.

After extensive research on the prices of goods and services, the ICP concluded that money goes further in poorer countries than it previously thought, prompting it to increase the relative size of emerging market economies.

The estimates of the real cost of living, known as purchasing power parity or PPPs, are recognised as the best way to compare the size of economies rather than using volatile exchange rates, which rarely reflect the true cost of goods and services: on this measure the IMF put US GDP in 2012 at $16.2tn, and China’s at $8.2tn.

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In 2005, the ICP thought China’s economy was less than half the size of the US, accounting for only 43 per cent of America’s total. Because of the new methodology – and the fact that China’s economy has grown much more quickly – the research placed China’s GDP at 87 per cent of the US in 2011.

For 2011, the report says: “The US remained the world’s largest economy, but it was closely followed by China when measured using PPPs”.

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With the IMF expecting China’s economy to have grown 24 per cent between 2011 and 2014 while the US is expected to expand only 7.6 per cent, China is likely to overtake the US this year.

The figures revolutionise the picture of the world’s economic landscape, boosting the importance of large middle-income countries. India becomes the third-largest economy having previously been in tenth place. The size of its economy almost doubled from 19 per cent of the US in 2005 to 37 per cent in 2011.

Russia, Brazil, Indonesia and Mexico make the top 12 in the global table. In contrast, high costs and lower growth push the UK and Japan further behind the US than in the 2005 tables while Germany improved its relative position a little and Italy remained the same.

The findings will intensify arguments about control over global international organisations such as the World Bank and IMF, which are increasingly out of line with the balance of global economic power.

When looking at the actual consumption per head, the report found the new methodology as well as faster growth in poor countries have “greatly reduced” the gap between rich and poor, “suggesting that the world has become more equal”.

The world’s rich countries still account for 50 per cent of global GDP while containing only 17 per cent of the world’s population.

Having compared the actual cost of living in different countries, the report also found that the four most expensive countries to live in are Switzerland, Norway, Bermuda and Australia, with the cheapest being Egypt, Pakistan, Myanmar and Ethiopia.

http://www.ft.com/cms/s/0/d79ffff8-cfb7-11e3-9b2b-00144feabdc0.html#axzz30Mr2cE4g
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« Reply #102 on: May 06, 2014, 07:02:04 am »

Will Detroit Be The First Major Chinese City In The United States?

Is Detroit destined to become a Chinese city?  Chinese homebuyers and Chinese businesses are starting to flood into the Motor City, and the governor of Michigan is greatly encouraging this.  In fact, he has formally asked the Obama administration for 50,000 special federal immigration visas to encourage even more immigration from China and elsewhere.  So will Detroit be the first major city in the United States to be dominated by China?  It could happen.  Once upon a time, Detroit was the greatest manufacturing city in the history of the world and it had the highest per capita income in the entire country.  But now it is a rotting, decaying, bankrupt hellhole that is in desperate need of a savior, and Michigan Governor Rick Snyder appears to be fully convinced that China can be that savior.

To Snyder, encouraging foreigners to invest money and buy up properties won't cost the state government much, but it could potentially have great benefits...

    Under a plan to be unveiled Thursday, Gov. Rick Snyder will request 50,000 special federal immigration visas over the next five years to attract foreign professionals who are willing to work and live in the city.

    Mr. Snyder, in an interview Wednesday, said that “this is one way for the federal government to step up to provide significant value without cost that could have a huge impact on the city’s future.”

At a news conference announcing his plan, Snyder was not shy about declaring his intentions...

    "Let's send a message to the entire world: Detroit, Michigan, is open to the world."

In other words, Snyder wants China to save Detroit since nobody in this country is going to.

Snyder has also taken a couple of additional steps to encourage immigration and foreign investment, including opening up something called "an Office for New Americans"...

    Opening an Office for New Americans to attract and help immigrants better adjust to life in Michigan, and designating the state as an Employer Based or EB-5 center to expedite visas and permits for immigrants who want to open business in the state with investments of at least $500,000 and 10 employees.

In essence, Snyder has done just about everything except roll out the welcome mat for the Chinese.

But this is nothing new for Governor Snyder.  In fact, he has been making overtures to China for years...

    Snyder, who was a businessman before starting his political career, believes that automobiles can no longer change the fate of Detroit. He said that he has learned from the history of the United States that what has made the nation great is immigrants.

    In the early 1990s, Snyder went to China to develop the automobile market. After he was elected as the governor of Michigan, he made at least one trip to China every year, with the aim of recruiting talent.

    He hopes that well-educated Chinese people can revitalize the Motor City in the new era. And as he desired, after Detroit announced its bankruptcy in 2013, the Chinese began to take the dying city by storm.

    Rich Chinese men see Detroit as a rare opportunity for investment outside their home country.

    In 2013, without any field investigation, Dongdu International Group of Shanghai — whose assets total 5 billion yuan (US$800 million) — spent US$13.6 million to buy the David Stott building and the Detroit Free Press building at auctions in September.

And when we talk about the Chinese domination of Detroit, this is not something that is just future tense.  This is something that is already happening right now.  For example, the following is an excerpt from a CNBC article that discussed how Chinese companies are already aggressively "putting down roots in Detroit"…

    Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.

    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.

 

The transformation that has taken place in that region of the country is absolutely remarkable.

48 percent of the manufacturing jobs in the state of Michigan were lost between December 2000 and December 2010.  Our trade deficit with China was largely responsible for that.

And now we are relying on China to come in and salvage the ruins of our gutted economic infrastructure.

Not only that, but the Chinese are also eagerly buying up homes at extremely depressed prices all over Detroit.

According to CNN, Detroit is already number four on the list of the top 10 destinations for Chinese homebuyers.  In many cases, Chinese buyers are scooping up properties without even looking at them first.  Just check out what one Detroit real estate broker told Quartz last July...

    “I have people calling and saying, ‘I’m serious—I wanna buy 100, 200 properties,’” she tells Quartz, noting that one of her colleagues recently sold 30 properties to a Chinese buyer. “They say ‘We don’t need to see them. Just pick the good ones.’”

And they aren't just interested in Detroit.  As I have written about previously, one Chinese company known as "Sino-Michigan Properties LLC" actually had plans to buy 200 acres of land near the little town of Milan, Michigan and turn it into a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.  For much more on how Chinese buyers are gobbling up real estate all over the nation, please see my previous article entitled "The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America".

All of this is just another indication of how rapidly the global economic landscape is changing.

Since the late 19th Century, the United States has been the most dominant economic power in the world.

But now that reign is ending.

Just recently, a new study released by the World Bank indicated that China is now the largest economy in the world in terms of purchasing power...

    A report out of the World Bank shows rapidly expanding China is poised to overtake the once invincible United States as the world's largest economy by the end of 2014.

    The International Comparison Program looks at exchange rates to reveal purchasing power of different currencies and found that yuan in China will soon pack more punch than the mighty dollar.

    Meanwhile, Chinese officials bashed the report as flawed, likely for fear of losing its status as a developing nation and the pollution-spewing perks that come with it.

And a couple of years ago China passed the United States and become the leader in global trade.

As the Chinese economy continues to rise and the U.S. economy continues to decline, the shift in global power is going to become even more dramatic.

Yes, let us hope for the best for our failing economy, but you also might want to teach your kids to speak Chinese just in case.

http://theeconomiccollapseblog.com/archives/will-detroit-be-the-first-major-chinese-city-in-the-united-states
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« Reply #103 on: June 28, 2014, 10:26:01 pm »

http://www.fresnobee.com/2014/06/27/3999649/chinas-hungry-cattle-feasting.html?sp=/99/170/
6/27/14
China's hungry cattle feasting on alfalfa grown on Utah farm

 JENSEN, Utah — It’s easy to find the largest Chinese-owned hay farm in the United States. It sits 189 miles east of Salt Lake City, on a stunningly scenic bend of the Green River. After driving past the only gas station in Jensen, population 400, a visitor crosses the river, turns left and is soon surrounded by a meticulously managed, 22,000-acre ranch, lush with green alfalfa.

Nearly all of it is destined for China. Three years ago, a pair of Chinese entrepreneurs purchased this alfalfa farm for a discount price of less than $10 million. Each year since, they’ve shipped about 22,000 tons of super-compacted, ranch-grown alfalfa to China, where it’s highly prized by the nation’s growing dairy industry.

China has long depended on the U.S. breadbasket, importing up to $26 billion in U.S. agricultural products yearly. But increasingly, Chinese investors aren’t just buying from farms abroad. They’re buying the farms.

When a Chinese conglomerate paid $4.7 billion last year for Smithfield Foods Inc., the world’s largest pork producer, it assumed control of vast tracts of farmland in North Carolina, Virginia and other states _ possibly 100,000 acres or more. Chinese private businesses and state-owned industries have also purchased farmland in Australia, Ukraine and parts of Africa and South America.

While China still ranks far behind the United States in foreign agricultural investments, its interest in farms abroad has prompted concerns about putting too much of America’s food supply in foreign hands. Missouri is one U.S. state where the farm bureau is pressing for lawmakers to reinstate a ban on foreign ownership of farmland. Other states and countries are considering similar bans.

Simon Wen Shao, a Chinese-born U.S. citizen who’s a co-owner of the Utah alfalfa farm, acknowledged that locals had acted warily when his company purchased the ranch. Friends of his farm manager, Frank Biggs, immediately chided Biggs for “working for the communists.”

Shao said those concerns had eased as his company had attempted to build ties in the community, buying new farm equipment and modernizing the ranch. One of his first steps was to rename the historic property “Escalante Ranch” after the previous owner had dubbed it “Thunder Ranch.”

“I think local people liked that decision,” he said during a tour of the farm. “It sounds better than Red Dragon Ranch.”

Bespectacled and a bit of a wisecracker, Shao seems like an unlikely rancher, and he admits that he is. He got into the business when an old college buddy, Zhang Renwu, started a feed firm in 2007 called Lu Tian Yuan Ecological Farm Co. in Beijing, where Zhang continues to live.

Lu Tian Yuan also owns an alfalfa farm in Zhang’s home province of Inner Mongolia, in northern China. But Zhang quickly learned it would never produce enough premium alfalfa to meet the needs of his customers in China.

“To grow high-quality alfalfa, you have to have certain growing conditions,” Zhang said during an April interview in Beijing. The Western United States offers those conditions, with reliably warm, dry weather. In northern China, rain falls during much of the growing season, resulting in hay that can quickly rot.

Shao, who lives in Los Angeles, agreed to join Zhang in developing an alfalfa import business through a U.S. entity, Green Pasture International. Over the last decade, he and Zhang have partnered with Bailey Farms, an alfalfa company based in Ephraim, Utah. According to Shao, it was Bailey that alerted him to Thunder Ranch when it went on the market following the real estate bust of the late 2000s.

“They said to me, ‘Hey, Simon, this ranch is for sale,’ ” he said. “So I came out to visit it and I knew right away this was a super-good spot. And at that time, the price was so good.”

Just on the other side of the Green River from Dinosaur National Monument, Shao’s ranch is regal in size, with more than 3,000 acres of irrigated fields and a large expanse of rolling hills and wetlands, frequented by ducks and migrating elk herds.

Along with visual splendor, the historic ranch comes with generous water rights, essential for growing alfalfa in the high desert. Lu Tian Yuan pays nothing for water it pumps from the river, other than electricity costs, which Shao says comes to $20,000 yearly. With mechanized pivot sprinklers and modern farm equipment, a crew of four employees can run the ranch year-round, whereas in China _ where hundreds of million of people are still dependent on farm employment _ it would involve hundreds of workers, Zhang said.

Shao and Zhang said they often heard two questions about their business. The first is: Why is the United States allowing its valuable water to be shipped to China in the form of alfalfa?

“This is so ridiculous,” said Shao. He noted that the United States and many other countries ship a variety of water-intensive crops abroad. “Why does alfalfa get so much attention?”

The other: How could it possibly make economic sense to ship a bulky product such as alfalfa hay 7,000 miles to China?

The answer, said Zhang, involves the enormous U.S.-China trade imbalance. Because China ships so many goods to West Coast ports, freight companies offer relatively low rates on container ships that might otherwise return to China empty.

Shao said his company paid a hefty price _ about $177 a ton _ to compact the hay and truck it to Long Beach, Calif., and other ports. Even so, he said the alfalfa commanded such a high price in China that sales more than covered the costs of production and transportation.

Daniel Putnam, an agricultural economist and alfalfa specialist at the University of California, Davis, said he had little doubt the Escalante Ranch made a healthy profit. Milk prices in China are several times higher than in the United States, he said, prompting dairy farms in China to pay up to $480 a ton for imported alfalfa. In addition, he noted, China puts a priority on reserving its remaining farmland for wheat, corn and other crops consumed by humans. That forces dairies and livestock farms to look elsewhere for alfalfa and other feed.

“There’s a real advantage for a Chinese (export) company that has bought a ranch in Utah,” said Putnam. “They don’t have to compete in buying alfalfa at a high price.”

Until the 1990s, most Chinese dairy farms were small, and largely indifferent to what they fed their cows. In 2008, a major health crisis erupted in China when it was found that some dairies were using melamine, a material used in plastics, to artificially boost the protein in milk and milk powder.

Since that scare, the Chinese dairy industry has scrambled to fend off foreign competition and secure more and more alfalfa. From 2009 through 2013, U.S. exports of alfalfa hay to China rose eightfold, to nearly 635,00 tons, according to the Denver-based Livestock Marketing Information Center. Nearly all of that came from seven Western states: Arizona, California, Idaho, Nevada, Oregon, Utah and Washington.

Shao sees demand staying high for at least another decade. Business is so good that he and Zhang recently purchased another 1,500-acre alfalfa ranch not far from Jensen.

So far, the presence of a growing Chinese alfalfa-export enterprise has stirred just smatterings of reaction in nearby Vernal, the county seat of Uintah County, home to 32,000 people.

Michael J. McKee, a Uintah County commissioner, said that many local growers recognized that foreign demand for alfalfa helped raise the price for their crop, aiding the county’s farm economy. Still, McKee acknowledged he’d heard from a few constituents who want “our land here to be held by American farmers.”

On Memorial Day weekend, Shao and Zhang triggered a kerfuffle when they hosted a “Sino-U.S. Alfalfa International Forum” at Escalante Ranch. The timing of the event, which featured more than 30 visiting Chinese dairy leaders, offended some veterans who’d fought against Chinese-supported forces during the Korean War, according to Steven Evans, a local radio station manager who also heads the Vernal Chamber of Commerce. The veterans called the radio station to complain.

“It raised some eyebrows,” said Evans, who was quick to note that he and most others in the community have welcomed the ranch’s new owners.

The optics of a major Utah farm in the hands of a Chinese company aren’t lost on Shao and Zhang. Right up until early May, worried about “exposure,” they wavered on whether to let a McClatchy reporter visit the ranch. At the last moment, the 48-year-old Shao agreed to meet a reporter and allow photographs. At one point, he posed for a photo against a backdrop of green fields and golden cliffs with a rainbow above them.

“That rainbow’s a good sign,” said Shao, who says he dreams of turning part of Escalante Ranch into a year-round lodge for hunters, rafters and outdoor adventurers.

After dragging on his cigarette, he then popped into his farmhouse kitchen, where one of his assistants was preparing a new dinner dish on the Escalante Ranch menu: stir-fried elk meat with garlic and chilies.
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« Reply #104 on: August 14, 2014, 04:56:15 pm »

http://sports.yahoo.com/blogs/nfl-shutdown-corner/new-chinese-indoor-football-league-planned-for-2015--vermeil--jaws-involved-145637920.html
New Chinese indoor football league planned for 2015; Vermeil, Jaws involved
8/14/14

Former NFL commissioner Paul Tagliabue, when asked about the globalization of the NFL game, once said he envisioned a Chinese-born quarterback named "Yao Fling" entering the league and becoming a phenomenon one day.

That day might soon come.

The Washington Post is reporting that an indoor professional football league has been green-lit by Chinese sports authorities for 2015. The China American Football League, a venture created by Beijing-based owner Marty Judge, announced the plans to move forward with the groundbreaking league.

    “With the backing of the Chinese government, the sky is the limit for how we can grow American football in the vast, untapped Chinese marketplace,” Judge said in a writter statement.

Judge is the co-owner of the U.S.-based Arena Football League’s Philadelphia Soul, and former NFL coach Dick Vermeil and former NFL quarterback Ron Jaworski also are involved, according to the announcement.

Said Vermeil: “To get the opportunity to share our great sport with the sports fans in China is something that very much excites me.”

The plan is for the league to be comprised of six to eight teams, with both Chinese and American players on the rosters. The teams will be based in major Chinese cities, but there is no further information on when exactly the league would launch or which cities would be involved.
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« Reply #105 on: August 29, 2014, 07:54:01 pm »

http://rt.com/news/182756-china-supersonic-submarine/
Futuristic Chinese ‘supersonic’ sub could reach US shores in under two hours
8/26/14

Traveling from Shanghai to San Francisco in under two hours may sound like a fantasy, but China believes it’s figured out how to design an underwater vehicle that can make the idea a reality.

More worryingly, though, is the possibility that the technology will be used to develop even more dangerous weaponry.

According to the South China Morning Post (SCMP), the super-fast technology was developed by scientists at the Harbin Institute of Technology, and would allow underwater submarines or torpedoes to exceed the equivalent speed of sound under water – about 3,600 miles per hour.

The idea is based on the old Soviet concept of supercavitation, which involves creating a large air bubble around an object so that it could avoid facing too much friction and travel through water quickly.

Professor Li Fengchen said that when the vessel hits the water, one of its mechanisms continuously sprays a “special liquid membrane” all over the object’s surface. This membrane eventually wears off, but by the time the vessel reaches 46 miles per hour, it’s going fast enough to enter supercavitation state and generate an air bubble capable of helping it cover previously unknown distances.

"Our method is different from any other approach, such as vector propulsion," Li told SCMP. "By combining liquid-membrane technology with supercavitation, we can significantly reduce the launch challenges and make cruising control easier."

In theory, this means a trip across the Pacific Ocean would take only 100 minutes, while a transatlantic voyage could be undertaken in less than an hour.

Despite the claims of progress, Li added that there are still significant hurdles scientists have to overcome, such as creating precise steering controls and an engine strong enough to power the whole operation.

Many details surrounding the technology remain unknown, since the project is still categorized as a military secret. Supercavitation could still be used to create fast-moving torpedoes and other weapons, and the US, Russia, Germany, and Iran are all working on the same issue.

Still, Li said there could be ways to use the breakthrough to benefit more than just militaries. It could pave the way for fast underwater transportation, or help create swimsuits that allow for unprecedented mobility.

"If a swimsuit can create and hold many tiny bubbles in water,” he said, “it can significantly reduce the water drag; swimming in water could be as effortless as flying in the sky.”
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« Reply #106 on: October 11, 2014, 02:26:30 am »

http://www.businessinsider.com/china-overtakes-us-as-worlds-largest-economy-2014-10
China Just Overtook The US As The World's Largest Economy
10/8/14

Sorry, America. China just overtook the US to become the world's largest economy, according to the International Monetary Fund.

Chris Giles at the Financial Times flagged up the change. He also alerted us in April that it was all about to happen.

Basically, the method used by the IMF adjusts for purchasing power parity, explained here.

The simple logic is that prices aren't the same in each country: A shirt will cost you less in Shanghai than in San Francisco, so it's not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist's Big Mac Index is a great example of these disparities.

So the IMF measures both GDP in market-exchange terms and in terms of purchasing power. On the purchasing-power basis, China is overtaking the US right about now and becoming the world's biggest economy.

We've just gone past that crossover on the chart below, according to the IMF. By the end of 2014, China will make up 16.48% of the world's purchasing-power adjusted GDP (or $17.632 trillion), and the US will make up just 16.28% (or $17.416 trillion):

China US economiesIMF, Google Public Data ExplorerAdjusted for purchasing power, China's economy is now the world's largest.

It's not all sour news for the US. It'll be some time yet until the lines cross over in raw terms, not adjusted for purchasing power. By that measure, China still sits more than $6.5 trillion lower than the US and isn't likely to overtake for quite some time:

US China economiesIMF, Google Public Data ExplorterBut in terms of the raw market value of China's currency, it still has a long way to go.
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« Reply #107 on: October 12, 2014, 07:44:10 am »

Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America

In terms of purchasing power, China now has the largest economy on the entire planet, but that is not the only area where China has surpassed the United States.  China also accounts for more total global trade than the U.S. does, China consumes more energy than the U.S. does, and China now manufactures more goods than the U.S. does.  In other words, the era of American economic dominance is rapidly ending.  Global economic power is making a dramatic shift to the east, and that is going to have huge implications for our future.  We already owe the Chinese well over a trillion dollars, and as our economic infrastructure crumbles we are feverishly borrowing even more money in a desperate attempt to prop up our falling standard of living.  We can’t seem to match the work ethic, inventiveness and determination of China and other Asian nations and it is showing.  If we continue down this path, what will the future look like for future generations of Americans?

In terms of raw GDP, the U.S. is still number one, at least for now.  But according to the IMF, China is now the number one economy on the entire planet in terms of purchasing power…

    The simple logic is that prices aren’t the same in each country: A shirt will cost you less in Shanghai than San Francisco, so it’s not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist’s Big Mac Index is a great example of these disparities.

    So the IMF measures both GDP in market exchange terms, and in terms of purchasing power. On the purchasing power basis, China is overtaking the US right about now and becoming the world’s biggest economy.

When I first learned about this, I was quite stunned.

I knew that China’s economy had been roaring, but like most Americans I just assumed that the U.S. would continue to remain head and shoulders above everyone else.

Unfortunately, things are changing at a pace that is much faster than most people ever thought possible.  The following are 26 other ways that China has surpassed America…

#1 When you add up all imports and exports, China now accounts for more total global trade than the United States does.

#2 There is now more total corporate debt in China than there is in the United States.

#3 During 2013, we sold about 121 billion dollars worth of stuff to the Chinese, but they sold about 440 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.

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

#5 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Today, China’s high-tech exports are more than twice the size of U.S. high-tech exports.

#6 The United States had been the leading consumer of energy in the world for about 100 years, but during the summer of 2010 China took over the number one spot.

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

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

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

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

#11 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.

#12 China is also expected to soon become the global leader in patent filings.

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

#14 China has the world’s fastest train and the world’s most extensive high-speed rail network.

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

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

#17 85 percent of all artificial Christmas trees are made in China.

#18 There are more pigs in China than in the next 43 pork producing nations combined.

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

#20 China produces more than twice as much cotton as the United States does.

#21 China produces more than three times as much coal as the United States does.

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

#23 China controls over 90 percent of the total global supply of rare earth elements.

#24 An 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.

#25 According to author Clyde Prestowitz, China’s number one export to the U.S. is computer equipment.  According to an article in U.S. News & World Report, the number one U.S. export to China is “scrap and trash”.

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

The Chinese are using some of their new wealth to buy up land, properties and businesses here in the United States.  In fact, just the other day we learned that a group from China is buying New York City’s Waldorf Astoria hotel.

For much, much more on this trend, please see some of my previous articles…

-“The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America”

-“45 Signs That China Is Colonizing America”

-“Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities”

And most Americans don’t realize this, but Chinese-made cars will soon be sold in the United States.

The following is from a recent WND article…

    Chinese-made cars will be making their way to the U.S. next year, and guess which company is going to start exporting them to our shores?

    A Chinese company, of course.

    Chinese-owned Volvo’s parent company, Zhejiang Geely Holding Group, will begin exporting its S60L from China to the United States as early as next year, according to a Reuters report which quoted a senior Volvo executive.

    Volvo is trying to take advantage of two new Chinese factories that will make up an export hub to send vehicles to the U.S. and Russia.

Everywhere you look, China is dominating and America is in decline.

If this was a sporting event for little kids, the “mercy rule” would have been invoked by now.

Unfortunately, there is no “mercy rule” on the global economic stage.

The United States is going to have to get things together if it wants to have any hope of competing with the Chinese in the future.

The Chinese are kicking our tails and they know it.

One survey found found that 75 percent of those living in China believe that their country is on the right track.

On the other hand, Americans are not nearly as optimistic.

According to one average of recent surveys, only 28 percent of Americans believe that the United States is on the right track.

I think that those numbers say a lot.  We have been in decline for quite some time, but we can never seem to get the ship righted.

Hopefully our leaders can start coming up with some solutions soon, because we are running out of time.

http://endoftheamericandream.com/archives/not-just-the-largest-economy-here-are-26-other-ways-china-has-surpassed-america
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« Reply #108 on: December 04, 2014, 03:34:23 pm »

It’s official: America is now No. 2
12/4/14
http://finance.yahoo.com/news/official-america-now-no-2-150936444.html

Hang on to your hats, America.

And throw away that big, fat styrofoam finger while you’re about it.

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

It just happened — and almost nobody noticed.

The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.

As recently as 2000, we produced nearly three times as much as the Chinese.

To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade.

I first reported on this looming development over two years ago, but the moment came sooner than I or anyone else had predicted. China’s recent decision to bring gross domestic product calculations in line with international standards has revealed activity that had previously gone uncounted.

These calculations are based on a well-established and widely used economic measure known as purchasing-power parity (or PPP), which measures the actual output as opposed to fluctuations in exchange rates. So a Starbucks venti Frappucino served in Beijing counts the same as a venti Frappucino served in Minneapolis, regardless of what happens to be going on among foreign-exchange traders.

PPP is the real way of comparing economies. It is one reported by the IMF and was, for example, the one used by McKinsey & Co. consultants back in the 1990s when they undertook a study of economic productivity on behalf of the British government.

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Yes, when you look at mere international exchange rates, the U.S. economy remains bigger than that of China, allegedly by almost 70%. But such measures, although they are widely followed, are largely meaningless. Does the U.S. economy really shrink if the dollar falls 10% on international currency markets? Does the recent plunge in the yen mean the Japanese economy is vanishing before our eyes?

Back in 2012, when I first reported on these figures, the IMF tried to challenge the importance of PPP. I was not surprised. It is not in anyone’s interest at the IMF that people in the Western world start focusing too much on the sheer extent of China’s power. But the PPP data come from the IMF, not from me. And it is noteworthy that when the IMF’s official World Economic Outlook compares countries by their share of world output, it does so using PPP.

Yes, all statistics are open to various quibbles. It is perfectly possible China’s latest numbers overstate output — or understate them. That may also be true of U.S. GDP figures. But the IMF data are the best we have.

Make no mistake: This is a geopolitical earthquake with a high reading on the Richter scale. Throughout history, political and military power have always depended on economic power. Britain was the workshop of the world before she ruled the waves. And it was Britain’s relative economic decline that preceded the collapse of her power.

And it was a similar story with previous hegemonic powers such as France and Spain.

This will not change anything tomorrow or next week, but it will change almost everything in the longer term. We have lived in a world dominated by the U.S. since at least 1945 and, in many ways, since the late 19th century. And we have lived for 200 years — since the Battle of Waterloo in 1815 — in a world dominated by two reasonably democratic, constitutional countries in Great Britain and the U.S.A. For all their flaws, the two countries have been in the vanguard worldwide in terms of civil liberties, democratic processes and constitutional rights.
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« Reply #109 on: December 07, 2014, 06:47:27 am »

It’s Official: America Is Now No. 2

Hang on to your hats, America. And throw away that big, fat styrofoam finger while you’re about it. There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet. It just happened — and almost nobody noticed.   

MORE : http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04
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« Reply #110 on: March 06, 2015, 10:16:28 am »

China's Sunshine Insurance buys Manhattan hotel for $230 mln
Reuters-Feb 8, 2015
China's Anbang Insurance Group Co will purchase New York's famous Waldorf Astoria Hotel for $1.95 billion after U.S. regulators approved the ...

http://www.reuters.com/article/2015/02/09/china-usa-hotel-idUSL4N0VJ21U20150209


Wealthy Chinese Buyers Head to New York's Suburbs
New York Times-Feb 7, 2015
For the past several years, wealthy buyers from China have been purchasing investment properties and pieds-à-terre in luxurious Manhattan ...

http://www.nytimes.com/2015/02/08/realestate/wealthy-chinese-buyers-head-to-new-yorks-suburbs.html?_r=0
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« Reply #111 on: February 25, 2016, 03:53:38 am »

Beijing overtakes NYC as 'Billionaire Capital of the World'

Move over, New York City: Beijing is the new "Billionaire Capital of the World." The Chinese capital has overtaken the Big Apple as home to the most billionaires — 100 to 95 — according to Hurun, a Shanghai firm that publishes a monthly magazine and releases yearly rankings and research about the world's richest people and their spending habits. 

http://finance.yahoo.com/news/beijing-overtakes-nyc-billionaire-capital-095407268.html

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« Reply #112 on: February 08, 2017, 04:45:15 pm »

For Chinese Home Buyers, Seattle Is the New Vancouver
Canadian city’s tax-policy changes appear to be driving overseas investors south

When Anna Riley, a Seattle-area real-estate agent, held an open house for a new $2.3 million listing in the tony city of Bellevue late last month, the pool of prospective buyers was different from the usual assortment of tech magnates, sports stars and chief executives.

Twenty groups of buyers visited the property in the Seattle metro area—and all of them were Chinese.

“Every single one,” said Ms. Riley, an agent at Windermere Real Estate, noting that Asian investors had typically, before last year, accounted for about a quarter of the firm’s prospective buyers.

Chinese real-estate buyers are suddenly descending on the Seattle region. Some are lured by perceptions the coastal city is a bargain, others by warm memories of the 2013 Chinese film “Finding Mr. Right,” which put Seattle on the pop-culture radar there.

The biggest draw, though, might be the fact that it isn’t Vancouver. In August, the Canadian province of British Columbia imposed a 15% tax on foreign investment in the city, which until recently was a popular destination for Chinese. The tax applies to anyone who isn’t a citizen or permanent resident of Canada and buys a home in metro Vancouver.

rest: https://www.wsj.com/articles/for-chinese-home-buyers-seattle-is-the-new-vancouver-1486500393
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