Tag Archive: China


40 Ways That China Is Beating America

English: USA deficit, China surplus, 2000-2014...

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?

via 40 Ways That China Is Beating America.

 

National emblem of the People's Republic of China

 

NEW YORK – The Obama administration is quietly allowing China to acquire major ownership interests in oil and natural gas resources across the U.S.The decision to allow China to compete for U.S. oil and natural gas resources appears to stem from a need to keep Beijing economically interested in lending to the U.S. The Obama administration has run $1-trillion-plus annual federal budget deficits since taking office that likely will continue in the second term.Ads by Google Forget Gold, Buy This Now Demand for this little-known metal is poised to surge over 800%. http://www.TopStockAnalysts.com Form Offshore Corporation Confidential and secure offshore formation services. Call us today. http://www.OffshoreCompany.com Allowing China to have equity interests in U.S. energy production is a reversal of the Bush administration’s policy. In 2005, the Bush administration blocked China on grounds of national security from an $18.4 billion deal to purchase California-based Unocal Corp.As WND reported Monday, Beijing has been developing a proposal in which real estate on American soil owned by China would be set up as “development zones” to establish Chinese-owned businesses and bring in its citizens to the U.S. to work.

 

via Obama lets Chinese own U.S. energy resources.

 

 

 

 

Image representing GE as depicted in CrunchBase

Reuters) – General Electric Co (GE.N) is moving its global X-ray headquarters to China from the United States as part of the largest U.S. conglomerate’s overall drive to boost its presence in big emerging markets.

The move reflects GE’s overall drive to shift more of its top executives — including Vice Chairman John Rice, who this year relocated to Hong Kong — closer to fast-growing Asian markets.

Anne LeGrand, vice president and general manager at GE Healthcare Global X-Ray, is relocating to Beijing from Waukesha, Wisconsin, along with several executives, including the chief financial officer and chief marketing officer, LeGrand said at a briefing in the Chinese capital on Monday.

Those moves will be complete by the end of August, and other staff will be added in the future, LeGrand said.

“I am keeping a globally distributed executive team,” she said, with basic radiology and fluoroscopy to be based in Beijing, the bone mineral density business in Wisconsin, and mammography in Buc, outside Paris, France. read more

 

The largest oil exporter in the Middle East has teamed up with the second largest consumer of oil in the world (China) to build a gigantic new oil refinery and the mainstream media in the United States has barely even noticed it. This mammoth new refinery is scheduled to be fully operational in the Red Sea port city of Yanbu by 2014. Over the past several years, China has sought to aggressively expand trade with Saudi Arabia, and China now actually imports more oil from Saudi Arabia than the United States does. In February, China imported 1.39 million barrels of oil per day from Saudi Arabia. That was 39 percent higher than last February. So why is this important? Well, back in 1973 the United States and Saudi Arabia agreed that all oil sold by Saudi Arabia would be denominated in U.S. dollars. This petrodollar system was adopted by almost the entire world and it has had great benefits for the U.S. economy. But if China becomes Saudi Arabia’s most important trading partner, then why should Saudi Arabia continue to only sell oil in U.S. dollars? And if the petrodollar system collapses, what is that going to mean for the U.S. economy?

via Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery – Is This The Beginning Of The End For The Petrodollar?.

Americans Still Rate Iran Top U.S. Enemy

PRINCETON, NJ — Americans most frequently mention Iran when asked to name the country they consider to be the United

Iran Hostage Crisis student demonstration, Was...
Image via Wikipedia

States’ greatest enemy, and the 32% who do so is up from 25% in 2011. China is second on the list, with significantly fewer Americans mentioning North Korea, Afghanistan, and Iraq — the countries that round out the top five.

via Americans Still Rate Iran Top U.S. Enemy.

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