Quote:
Originally Posted by Ticket
What is CHina producing that we are so reliant on? Please explain?
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Aight I'll give you a little educations.
But first just to answer your question.
Just to name a few.
Electrical machinery and equipment
Power generation equipment
Toys, games, and sports equipment
Furniture
Footwear
Iron, steel
Vehicles, excluding rail
Car Parts
Aight.
Now have you ever watched a football game or a basketball game where one team dominates the other team so badly that calling it a "blowout" would be a huge understatement? Well, that is what China is doing to the United States. China is absolutely destroying America on the global economic stage. Once upon a time, the Chinese economy was a joke and the U.S. economy was the most powerful the world had ever seen. But over the past couple of decades the U.S. economy has decayed and declined while the Chinese economy has skyrocketed. Today, China makes more steel, more automobiles, more beer, more cotton, more coal and more solar panels than you do. China has the fastest train in the world, the fastest computer in the world and they export twice as much high-tech equipment as you do.
In 2011, our trade deficit with China was the largest trade deficit that one nation has had with another nation in the history of the world, and China has now accumulated more than 3 trillion dollars in foreign currency reserves. Every single day, we lose more jobs, more businesses and more of our national wealth to China. In technical economic terms, China has "taken us out behind the woodshed" and has beaten the living daylights out of us. Unfortunately, most Americans are so addicted to entertainment that they don't even realize what is happening. If you do not believe that China is wiping the floor with America in front of the rest of the world, just keep reading. Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Today, China's high-tech exports are more than twice the size of U.S. high- tech exports. America has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years. The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade. In 2010, China produced more than twice as many automobiles as the United States did. In 2010, China produced 627 million metric tons of steel. The United States only produced 80 million metric tons of steel. In 2010, China produced 7.3 million metric tons of cotton. The United States only produced 3.4 million metric tons of cotton. China produced 19.8 percent of all the goods consumed in the world during 2010. The United States only produced 19.4 percent. During 2010, we spent $365 billion on goods and services from China while they only spent $92 billion on goods and services from us. In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year. The final U.S. trade deficit with China for 2011 will be very close to 300 billion dollars. That will be the largest trade deficit that one nation has had with another nation in the history of the world. The U.S. trade deficit with China is now 28 times larger than it was back in 1990. Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year. According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China. According to the Economic Policy Institute, America is losing half a million jobs to China every single year. The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000. The United States had been the leading consumer of energy on the globe for about 100 years, but during the summer of 2010 China took over the number one spot. 15 years ago, China was 14th in the world in published scientific research articles. But now, China is expected to pass the United States and become number one very shortly. China is also expected to soon become the global leader in patent filings. In 2009, the United States ranked dead last of the 40 nations examined by the Information Technology & Innovation Foundation when it came to "change" in "global innovation-based competitiveness" over the previous ten years. China now awards more doctoral degrees in engineering each year than the United States does. China now possesses the fastest supercomputer on the entire planet. China now has the world's fastest train and the world's most extensive high-speed rail network. The construction of the new $200 million African Union headquarters was funded by China. Today, China produces nearly twice as much beer as the United States does. 85 percent of all artificial Christmas trees are made in China. Amazingly, China now consumes 53 percent of the world's cement. There are more pigs in China than in the next 43 pork producing nations combined. China is now the number one producer of wind and solar power on the entire globe. Chinese solar panel production was about 50 times larger in 2010 than it was in 2005. I could go on but that will do for now.