> >>  
> >> This article, though aimed at a US audience, gives an insight into China 's 
growing economic power.
> >> 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 !
.