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Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America

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China - Public DomainIn terms of purchasing power, China now has the largest economy on the entire planet, but that is not the only area where China has surpassed the United States.  China also accounts for more total global trade than the U.S. does, China consumes more energy than the U.S. does, and China now manufactures more goods than the U.S. does.  In other words, the era of American economic dominance is rapidly ending.  Global economic power is making a dramatic shift to the east, and that is going to have huge implications for our future.  We already owe the Chinese well over a trillion dollars, and as our economic infrastructure crumbles we are feverishly borrowing even more money in a desperate attempt to prop up our falling standard of living.  We can’t seem to match the work ethic, inventiveness and determination of China and other Asian nations and it is showing.  If we continue down this path, what will the future look like for future generations of Americans?

In terms of raw GDP, the U.S. is still number one, at least for now.  But according to the IMF, China is now the number one economy on the entire planet in terms of purchasing power…

The simple logic is that prices aren’t the same in each country: A shirt will cost you less in Shanghai than San Francisco, so it’s not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist’s Big Mac Index is a great example of these disparities.

So the IMF measures both GDP in market exchange terms, and in terms of purchasing power. On the purchasing power basis, China is overtaking the US right about now and becoming the world’s biggest economy.

When I first learned about this, I was quite stunned.

I knew that China’s economy had been roaring, but like most Americans I just assumed that the U.S. would continue to remain head and shoulders above everyone else.

Unfortunately, things are changing at a pace that is much faster than most people ever thought possible.  The following are 26 other ways that China has surpassed America…

#1 When you add up all imports and exports, China now accounts for more total global trade than the United States does.

#2 There is now more total corporate debt in China than there is in the United States.

#3 During 2013, we sold about 121 billion dollars worth of stuff to the Chinese, but they sold about 440 billion dollars worth of stuff to us.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#4 China is now the leading manufacturer of goods in the entire world.

#5 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.

#6 The United States had been the leading consumer of energy in the world for about 100 years, but during the summer of 2010 China took over the number one spot.

#7 China now has the largest new car market in the entire world.

#8 China has more foreign currency reserves than anyone else on the planet.

#9 China is the number one gold producer in the world.

#10 China is also the number one gold importer in the world.

#11 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.

#12 China is also expected to soon become the global leader in patent filings.

#13 China awards more doctoral degrees in engineering each year than the United States does.

#14 China has the world’s fastest train and the world’s most extensive high-speed rail network.

#15 China uses more cement than the rest of the world combined.

#16 Today, China produces nearly twice as much beer as the United States does.

#17 85 percent of all artificial Christmas trees are made in China.

#18 There are more pigs in China than in the next 43 pork producing nations combined.

#19 China is now the number one producer of wind and solar power on the entire globe.

#20 China produces more than twice as much cotton as the United States does.

#21 China produces more than three times as much coal as the United States does.

#22 China now produces 11 times as much steel as the United States does.

#23 China controls over 90 percent of the total global supply of rare earth elements.

#24 An investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.

#25 According to author Clyde Prestowitz, China’s number one export to the U.S. is computer equipment.  According to an article in U.S. News & World Report, the number one U.S. export to China is “scrap and trash”.

#26 Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

The Chinese are using some of their new wealth to buy up land, properties and businesses here in the United States.  In fact, just the other day we learned that a group from China is buying New York City’s Waldorf Astoria hotel.

For much, much more on this trend, please see some of my previous articles…

-“The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America

-“45 Signs That China Is Colonizing America

-“Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

And most Americans don’t realize this, but Chinese-made cars will soon be sold in the United States.

The following is from a recent WND article

Chinese-made cars will be making their way to the U.S. next year, and guess which company is going to start exporting them to our shores?

A Chinese company, of course.

Chinese-owned Volvo’s parent company, Zhejiang Geely Holding Group, will begin exporting its S60L from China to the United States as early as next year, according to a Reuters report which quoted a senior Volvo executive.

Volvo is trying to take advantage of two new Chinese factories that will make up an export hub to send vehicles to the U.S. and Russia.

Everywhere you look, China is dominating and America is in decline.

If this was a sporting event for little kids, the “mercy rule” would have been invoked by now.

Unfortunately, there is no “mercy rule” on the global economic stage.

The United States is going to have to get things together if it wants to have any hope of competing with the Chinese in the future.

The Chinese are kicking our tails and they know it.

One survey found found that 75 percent of those living in China believe that their country is on the right track.

On the other hand, Americans are not nearly as optimistic.

According to one average of recent surveys, only 28 percent of Americans believe that the United States is on the right track.

I think that those numbers say a lot.  We have been in decline for quite some time, but we can never seem to get the ship righted.

Hopefully our leaders can start coming up with some solutions soon, because we are running out of time.

  • Gil G

    I thought you were rich when you didn’t have to work. Saying the Chinese are hard workers can also thought as them being our lackeys.

  • Chris

    This has not happened by chance. People in high office in the USA and the West have actively made this happen. China was chosen to replace the USA after the USA has had all the blood sucked out of it.

    • Cynical Guy42

      Is China a vampire?

      • NSA

        No, Chris is, he lives on welfare.

    • cohones

      This has happened with the mentality that I got mine f.u.GREED,our govt. has not only assisted business in going overseas,they have helped subsidized it with our tax dollars I retarded person knows if you go to the store and it always says made in China that you are helping that country not ours,look at our country you could sit all day and stare at pictures on the internet of abandoed buildings and houses,but not to worry the Chinese are rebuilding our country for us,lol with all our money we used to buy their crap.Better watch the Kardashians while you can,soon it will be the Wu family and their adventures you will be watching.

  • chris

    ‘Hopefully our leaders can start coming up with some solutions soon, because we are running out of time.’

    I just can’t believe you typed that Michael!

  • K

    We can’t seem to match the work ethic, inventiveness and determination of China. Michael. they produce junk. Every worker in the Country has a gun to their head. Their work ethic is that of a slave labor camp.

    • 3%

      “Every worker in the Country has a gun to their head.”

      Seriously?!? SAD! Dude, there are more workers in China than there are people in the US, do the math before spouting your media-fed propaganda BS.
      A governement can´t have a continent-sized country of 1.3 billions without support from the majority there, taht isn´t rocket science.

      They export junk? Guess who pays junk (litteraly!) for it and still got in debt?

      • K

        You have no idea, how the world works. In every prison that ever existed, the prisoners greatly out number the guards. Ah, but the guards are armed, the prisoners are not. It is the same in China. Do you know the size of their Army? Far beyond anything needed for self defense. I suppose you think the majority support the Government of N.Korea? The majority do not even support, the U.S. Government. Look at the approval ratings. Your world view has no historic perspective.

        • 3%

          You have no idea how the world works, you brinwashed imbecile.

          All you know about China is the medias BS propaganda.

          Even in prisons the prisonniers are selling knives and drugs and these are much better controlled environment than a continent-sized country.
          Remember what Kamizas are and what they did?

          • Craig Reynolds

            Have you personally been to China? Did you bring back any actual photographic proof of your foolish application? I don’t think so.

            I have been to China many times and none of your drug induced accusations exist. So just STFU and stop being the poster child for brainwashed Americans.

        • Traveler

          How dumb. The US is the country that has the largest jail population. A country that kills, wages wars, rapes and tortures all over the world. A true abomination. No wonder your rulers treat you guys like dirt: you are really dumb and uneducated as well as incapable of voting for people that make any sense. Amazing. Read your post over. So dumb and uneducated. Sad. The dumbing down of Americans started in the 80s and has now reached full speed. You sound like an 8 years old trying to explain something.

      • Godfather Corleone

        Fukkk you! Piece a white asssss sonabitttchhhhh, red neck fukkkin Asssshollleee. Your gonna be my bittttchhh. Make you my slave:)

    • Callum M

      K DEN…

    • Traveler

      Buy a brain, learn some Chinese, go there and see for yourself. Amazing how uneducated about the world some are. Look around you when you bring the garbage can to the curve. You may learn a thing or two. Chinese infrastructure makes the US one looks so old and crappy.

    • Traveler

      They have the fastest train system in the world. You guys have nothing, not even one mile of track.

  • chris

    ‘We can’t seem to match the work ethic,’

    When that work ethic is based on child slave labour, workers being locked into buildings with nets to keep them from committing suicide and minimal welfare, that that is a work ethic that we should not under any circumstances wish to match or exceed.

    • 3%

      Suuuuure and I am Reinhard Heydrich (been hidding since 42´)!

      • chris

        You probably are some sort of fascist and/or have investments in China so no doubt you’d be happy to see those working conditions in the West, just as long as you are not the one working under them i presume.

        • 3%

          You probably are some basement-dwelling douchebag on welfare.

          At least the Chinks have work ethic, majority in the west does not and are spoiled children who needs to get a grip.

  • Cynical Guy42

    Don’t forget the Chinese don’t have our awful public education system.

    Even though China is ahead in some ways, they’re behind in others. Some people have pointed out child labor, as well as being a slave labor camp. They’ve also a shortage of women.

    • Horus Shepard

      We have slave labor camps too. They’re called private prisons.

      • Cynical Guy42

        And our public schools are like prisons!

      • 3%

        Racist! Raaaaaaaacist!

    • Traveler

      So dumb.

  • Here’s some excerpts from the old 1889 book,
    “Great Red Dragon: Foreign Money Power in the United States,”

    Page 8 (1889)
    “They [players within The City of London Corporation] own
    the manufactories, the shipping, and the commerce
    of Great Britain, and most of the manufactures, shipping
    and commerce of the whole world. They have attained control of the industry and trade of the whole earth; and are rapidly centralizing all business in their own hands. They hold possession of all the great lines of trade and business of all kinds, and they regulate all prices by their own arbitrary methods.”

    Page 123 (1889)
    “The drift of gold to the United States proves that London
    capitalists have not only been reinvesting here all their
    profits derived from their business in this country, but
    that they are sending profits of their world-wide commerce
    over here for investment.”

    The 1903 book by Jack London “The People of the Abyss”
    describes the negative impact this “drift” had on
    the not-so-rich of London.

    Page 128-129 (1889)
    “The American people were poorer, in 1880, than in 1870;
    yet the wealth of the country vastly increased, increased
    beyond precedent, during the interval.
    How do we account for the anomaly?
    The people getting poorer and the country two/fifths richer during the ten years. It is easily accounted for.
    The accumulation of wealth was not of our people;
    but the wealth of the corporations established in America by the Money Kings.”

    Sound familiar?
    Today, we know that the “drift of gold” is now to Asia.
    Perhaps a new book could now be written:
    “Great Red Dragon: Foreign Money Power In China.”

    Such a book could certainly explain how a bankrupted country under Mao was financed to where it is today in just 40 years. Who knows what contracts were signed, and under what terms, that would allow The City entry and control of China’s finance, in return for seed capital that financed its quick and enormous growth. Especially for a “communist” country.

    It is certain that players of The City of London Corporation
    are deeply involved in the finances and financial control of China. After all, “they regulate all prices by their own arbitrary methods” and the “drift of gold” is towards China.
    I have this really bad feeling that we’re being devoured, just as the players of The City of London Corporation devoured India, Europe (World Wars), Southeast Asia (Thailand, Cambodia, Vietnam), Africa, the Soviet Union and now the United States.

    Perhaps a new Jack London will appear and write a book
    about America’s not-so-rich titled “The New People of the Abyss.”

    During the last 40 years, The City is now cultivating China and India, as shown by the current “drift of gold.” I hope I’m wrong. But if I’m not, then the only way to win is NOT to be doing business with agents of The Great Red Dragon, a.k.a the City of London Corporation.

    I agree with Jim Sinclair (G.O.T.S.);
    Get Out of The [paper financial] System while you can.
    Maybe we can’t kill the dragon, but we don’t have to feed it.

  • Charles Reece

    This should be a great “warning” to our intelligence analysts at the CIA. The People’s Republic of China couldn’t “care less” about America’s worldwide promotion for global “DEMOCRACY” and “CAPITALISM”. However, the Communist Chinese are SLYLY taking advantage of America’s “NAÏVETY”, for the latter hopelessly anticipating that somehow – in some way, the Chinese will [supposedly] mimic or emulate EVERYTHING about “America”; WHEN, in reality, though; considering World History’s record on the oppressive colonialist RELATIONSHIP between the “isolationist” Chinese people AND the imperialistic “White Men” of Europe and America; THAT accordingly, the Chinese themselves have NO INTENTIONS whatsoever in ever allowing AGAIN any imperialist European nation [such as Great Britain or any other European power] to try BRINGING BACK a labor-exploitive, capitalist-based style of “colonialism” into their currently Marxist-controlled nation.

    But ironically, though, at this PRESENT time, the Chinese government officials are ACTUALLY still behaving just as “greedy” as American industrialists – since the Chinese businessmen and government officials THEMSELVES comprise the “aristocracy” or intelligentsia of their OWN country; and actually “care” VERY LITTLE for manifesting what a true die-hard “Marxist” might consider to be “just and fair” labor practices; SINCE the current Chinese aristocracy itself would like nothing MORE, than to “feather their own nests”, so to speak, and “make” the same amounts of MONEY that American CEO’s already make………BUT paradoxically, at the physical and financial expense of their OWN citizens, who are presently being industrially exploited by greedy American and Chinese entrepreneurs – despite all of the Chinese officials’ HYPOCRITICAL claims for being “pro-labor” and/or “anti-capitalist”, from the start.

  • rosemerry

    Note the comments from the “exceptional” country which pretends to be free, criticising the things about China that now apply in the USA.

    • Sat 800

      I hate those slant-eyed commies and I spite on their bucktoothed mothers ****!
      When America goes down, so does them… hence, America shall always be #1!

      • Godfather Corleone

        Fukkk you! Piece a white asssss sonabitttchhhhh, red neck fukkkin Asssshollleee. Your gonna be my bittttchhh. Make you my slave:) I fukkkkk you in the a.s.s.s.s all night long B.i.t.c.h.

  • abegas4

    truththinker et al, even though we may list all the troubles in china from 1 to 2 child policies to lack of “democracy” to executions to “two blades of toilet paper per child” etc etc, they are 1000 fold better than the usa and eu an their lackeys in gulf states and israel when it comes to raping the resourses of other nations, destroying infrastructure killing people through war etc…..

  • Jonathan

    This is just fearmongering. China has near-zero creativity, bad education and polluted environment. Every iPhone is made in China but designed in America.

    • 3%

      “has near-zero creativity, bad education”

      Common core.

      Michael presents the facts, you have just your media-fed propaganda.

    • Godfather Corleone

      Fukkk you! Piece a white asssss sonabitttchhhhh, red neck fukkkin Asssshollleee. Your gonna be my bittttchhh. Make you my slave:) Fuuukkk you all night long!!!!

  • 3%

    Another warmer!

    whatyareckon.files.wordpress. c o m /2014 /01 /gore-the-liar.j pg?w=627#algore%20liar%20572×572

  • Callum M

    Its not just Chinese numbers that did this.
    America was once the greatest country to live on, there was millions of people who migrated there for a new life in the new world. People came to America for many reasons to built it, the one that comes up most is the freedom and equality, America has always stood for it. This plus the immense natural resources that built the country is what made it a great super power.
    Americans today… they ride on what there forefathers have done as if they have somehow done it themselves, It was great because the people made it great.
    laziness, self vanity, a sense of undeserved accomplishment while consuming their Poisonous food, hypnotized by the media into thinking they live in a free and truly democratic country, where the celebrities are much more praised then the scientific effort.
    Its not all the citizens fault of course, what do you expect when you wake up every day under the same rehearsed president feeding you lie after lie and the mainstream news portraying you as the ultimate power but somehow having the worlds worst education system, its your government that has fucked you up… but you let it happen.
    I know there are still allot of people in America that have not succumb to the force of the false ideological pressure of their society but they should either start a revolution NOW… or leave forever.
    Every single person on Earth is aware of this except Americans.

  • Sherwin Ruiz

    The US spearheaded the joining of China to the WTO which opened the larger World Market to Chinese products. Its US’ fault why they are where they are now.

  • cohones

    Kool -aid Obama supporters like you are the problem in this country,what would help is if you have to at least have a 90 I.Q. to vote,that would just about wipe out you Obama supporters.

  • misterkel

    This made me laugh – “Hopefully our leaders can start coming up with some solutions soon, because we are running out of time.”
    Our leaders? Our corrupt puppets on strings, you mean? Paid to destroy this earth?
    Anyone have any realistic hope of this?