By: Nicholas C. Bozick, Lieutenant Colonel (Ret) Special Forces (USA)
In the 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 is on pace to shatter that record this year.
The Chinese acquisition of Smithfield Foods is an example. Smithfield Foods is the largest pork producer and processor in the world. It has facilities in 26 U.S. states that employs tens of thousands of Americans. It directly owns 460 farms, and has contracts with approximately 2,100 others. A Chinese company has bought it for $4.7 billion, so that means the Chinese will be the most important employer in dozens of rural communities all over America. Thanks to our massively bloated trade deficit with China, the Chinese have trillions of dollars to spend, and they are only just beginning to exercise their economic muscle.
Remember, there is little difference between “the communist Chinese government” and “Chinese corporations”. In 2011, 43% of all profits in China were produced by companies in which the Chinese government had the 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. Now, the same Chinese company controls more movie ticket sales than anyone else in the world.
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 become another American community heavily dependent on communist China.
Chinese companies are also putting down roots in 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 to soak up the talent and expertise of domestic automakers and their suppliers. If you recently purchased an “American-made” vehicle, there is a good chance that it has a number of Chinese parts. Industry analysts are hard-pressed to put a number on the Chinese suppliers operating in the United States.
China is 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 to acquire Triple H Coal Co. in Jacksboro, Tennessee. At the time, that acquisition didn’t make the news, but now a group of conservatives in Tennessee is trying to stop the Chinese from blowing up their mountains and taking their coal.
China plans to build entire cities in the United States, like they’ve been doing in other countries around the world. Currently, China is building a city larger than Manhattan just outside Minsk, the capital of Belarus.
Are you starting to get the picture?
•When you total all imports and exports, China is now the number one trading nation on the 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 has the largest new car market in the world.
•China produces more than twice as many automobiles as the United States.
•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 sold the world over are made in China.
•The new World Trade Center tower in New York will include glass imported from China .
•China consumes more energy than the United States.
•China is the leading manufacturer of goods in the world.
•China uses more cement than the rest of the world combined.
•China is the number one producer of wind and solar power on the globe.
•China produces 3X as much coal and 11X as much steel as the United States.
•China produces more than 90% of the global supply of rare earth elements.
•China is the number one supplier of components critical to the operation of any national defense system.
•In published scientific research articles, China is expected to become number one in the world.
•China is investing heavily in universities, media and directly to politicians.
What we have seen so far is just the of the iceberg. I will leave you with one piece of advice—learn to speak Chinese.