By General Paul Valley for WVW Broadcast Network
China is Establishing Economic Beachheads All Over America
In the near future, China will employ millions of American workers and dominate thousands of small communities all over the United States. Chinese acquisition of US 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 US 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 $ 47 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.sa
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.
Last year a Chinese company spent $ 2.6 billion to purchase AMC entertainment – one of the largest movie theater chains in the United States. Chinese companies control 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.
Starting to get the picture? China is on the rise and has been while America plays political games.
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 US has run a trade deficit with China over the past decade that comes to more than 23 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.
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