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 Gochujang 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 US. 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 does the United States.
# 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.
Old article
NO big disagreements from me.
Still on the fence about foreign ownership.
Years back when Japan was buying up NYC and much more, the common reply was “They can’t take it with them”.
So the question is, what are our strategic industries??
Keep your ChiCom fear porn. This is an OLD article, written by people who watch CCTV without ever going to China.
The Chinese Century is well under way:
https://www.economist.com/graphic-detail/2018/10/27/the-chinese-century-is-well-under-way
They are a unified central leadership group with “Make China the Greatest!” their core ideal. They plan far ahead and patiently but constantly move toward their goals. They pride themselves in their own culture, in their intelligence and in winning. They can be ruthless.
Learn their language? If you start before 8 years old and are immersed on it, maybe. Start at 18 in a U.S. classroom? For most, uh uh.
We allowed our sellout D’rat and RINO politicians and unpatriotic corporations to give CCP free reign. Now, unless patriots force pro-America changes and fast...we’ll pay. If we do, though, China will retaliate. We’ve allowed ourselves into another no-win situation, I fear.
china focuses on manufacturing. America focuses on financialization and divisive politics. America still has many strengths, but just look at America’s top universities and their graduates to see what America values.
Hard to imagine more unfortunate timing or what will turn out to be a worse business decision.
If this is what we're to be scared of I'll have another drink instead.