Capitalist China

I would like to share with you the following article which I received from a friend’s e-mail; my comments are at the end of the article:

Subject: Fwd: China

Little Known Reality.
June 8, 2013. Source: Michael Snyder, Guest Post
In future China will employ millions of American workers and dominate thousands of small communities all over the United States. Chinese acquisition of U.S. businesses set a new all-time record last year, and it is on pace to shatter that record this year.

The Smithfield Foods acquisition is an example. Smithfield Foods is the largest pork producer and processor in the world. It has facilities in 26 U.S. states and it employs tens of thousands of Americans. It directly owns 460 farms and has contracts with approximately 2,100 others. But now a Chinese company has bought it for $ 4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.

Thanks in part to our massively bloated trade deficit with China, the Chinese have trillions of dollars to spend. They are only just starting to exercise their economic muscle.

It is important to keep in mind that there is often not much of a difference between “the Chinese government” and “Chinese corporations”. In 2011, 43 percent of all profits in China were produced by companies where the Chinese government had a controlling interest in.

Last year a Chinese company spent $2.6 billion to purchase AMC entertainment – one of the largest movie theater chains in the United States. Now that Chinese company controls more movie ticket sales than anyone else in the world.

But China is not just relying on acquisitions to expand its economic power. “Economic beachheads” are being established all over America. For example, Golden Dragon Precise Copper Tube Group, Inc. recently broke ground on a $100 million plant in Thomasville, Alabama. Many of the residents of Thomasville, Alabama will be glad to have jobs, but it will also become yet another community that will now be heavily dependent on communist China.

And guess where else Chinese companies are putting down roots? Detroit. Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers. If you recently purchased an “American-made” vehicle, there is a really good chance that it has a number of Chinese parts in it. Industry analysts are hard-pressed to put a number on the Chinese suppliers operating in the United States.

China seems particularly interested in acquiring energy resources in the United States. For example, China is actually mining for coal in the mountains of Tennessee. Guizhou Gouchuang Energy Holdings Group spent 616 million dollars to acquire Triple H Coal Co. in Jacksboro, Tennessee. At the time, that acquisition really didn’t make much news, but now a group of conservatives in Tennessee is trying to stop the Chinese from blowing up their mountains and taking their coal.

And pretty soon China may want to build entire cities in the United States just like they have been doing in other countries. Right now China is actually building a city larger than Manhattan just outside Minsk, the capital of Belarus.

Are you starting to get the picture? China is on the rise. If you doubt this, just read the following:
# When you total up all imports and exports, China is now the number one trading nation on the entire planet.
# Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars.
# China has more foreign currency reserves than anyone else on the planet.
# China now has the largest new car market in the entire world.
# China now produces more than twice as many automobiles as the United States does. After being bailed out by U.S. taxpayers, GM is involved in 11 joint ventures with Chinese companies.
# China is the number one gold producer in the world.
# The uniforms for the U.S. Olympic team were made in China.
# 85% of all artificial Christmas trees the world over are made in China.
# The new World Trade Center tower in New York is going to include glass imported from China.
# China now consumes more energy than the United States does.
# China is now in aggregate the leading manufacturer of goods in the entire world.
# China uses more cement than the rest of the world combined.
# China is now the number one producer of wind and solar power on the entire globe.
# China produces 3 times as much coal and 11 times as much steel as the United States does.
# China produces more than 90 percent of the global supply of rare earth elements.
# China is now the number one supplier of components that are critical to the operation of any national defense system.
# In published scientific research articles China is expected to become number one in the world very shortly.

And what we have seen so far may just be the tip of the iceberg. For now, I will just leave you with one piece of advice - learn to speak Chinese. You are going to need it


My comments are:

1. China is de facto a capitalist country. The sole purpose of the authorities still maintaining the nominal socialist or communist system is to hold their privilege of implementing its dictatorship.
2. Most of the rich Chinese capitalists belong to, or are related to, the “8 families” of CCP’s founding fathers, and many of them are U.S. citizens. They plan to enjoy their luxurious life in the U.S., and leave behind the 1.3 billion poor people in China with a polluted environment.

Henry Sun


My old friend D. expresses his serious concern over this subject.
I think his assertion can be a good supplement to my previous comments.

Quote:

There are Chinese from China, and there are overseas Chinese like us. We may share our DNA, but we have completely different mindsets. Our unquestioned loyalty is with the country in which we have citizenship.

Snyder's writing is an extension of earlier fear of "the yellow peril" during the 1950's. But I think we should worry about something else that the China Chinese do.

I think it is troubling, and our law makers need to give it serious attention. Many China Chinese women are giving birth of their new babies in America, just for the American citizenship. By the way, this practice is not limited to the China Chinese. People from other countries do this too. Therefore, any action should apply to all people, not just to the China Chinese.

Why do they do this? I think what they do say a lot about what they think of having a citizenship in their own country. Let us remember this: A disloyal citizen is much more dangerous than foreigners.

These newly born citizens will soon returned to their own country and receive early education and indoctrination in their own country. Some of these citizens may not even speak English later in their lives. Their loyalty will never be with the United States, and that makes them dangerous!

Lastly, no one has asked: Why they are buying foreign properties and businesses? Among the Chinese I have spoken with, everyone said because everything is so cheap in America. Perhaps the Chinese currency is getting too high. Their investment overseas is also an indication of their view of their currency versus our dollars. High RMB did stop some outsourcing, but we paid a steep price for giving them our valuable businesses and properties at bargain basement prices.

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