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Trade With China?: 25 Facts That Prove That China Is Kicking Our Rear Ends

Do you believe that trade with China is a good thing?  Well, you might not be so sure after you read the 25 facts listed below.  The truth is that China is kicking our rear ends all over the planet.  When it comes to world trade, China is absolutely dominating the United States.  Have you wondered why the U.S. economy cannot produce nearly enough jobs for everyone anymore?  Have you wondered why so many thousands of factories have been closing down?  Have you wondered why it seems like America is getting poorer?  Well, the answers are below.  Of course both major political parties continue to insist that “globalism” is a good thing and that what we are experiencing now is just a period of “adjustment” as we are merged into the new global economic order.  Our corrupt politicians will continue to sell you the same tired lies over and over and over as thousands more U.S. factories and millions more U.S. jobs continue to be shipped overseas.  So will you keep buying the lies of our corrupt politicians or will you believe the facts that are right in front of your face?

The following are 25 facts that show just how badly China is whipping our butts in the arena of global trade right now….

#1 The U.S. trade deficit with China increased by 26 percent during 2010.

#2 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.

#3 The United States has now had a negative trade balance every single year since 1976.

#4 The U.S. trade deficit with China during August was more than 4,600 times larger than the U.S. trade deficit with China was for the entire year of 1985.

#5 According to a new report from the Economic Policy Institute, between 2001 and 2008 lost 2.4 million jobs due to the growing trade deficit with China.  Every single state in America experienced a net job loss due to our trade deficit with China during this time period.

#6 China is now the number one producer in the world of wind and solar power.

#7 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#8 China now possesses the fastest supercomputer on the entire globe.

#9 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#10 China now has the world’s fastest train and the world’s biggest high-speed rail network.

#11 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#12 The United States had been the leading consumer of energy on the globe for about 100 years, but this past summer China took over the number one spot.

#13 China has accumulated the largest stockpile of foreign currency reserves on the entire globe – $2.85 trillion.

#14 Stupid American companies keep handing Chinese companies our most advanced technology.  Just consider the following example that was just reported in the New York Times….

G.E., in the partnership with a state-owned Chinese company, will be sharing its most sophisticated airplane electronics, including some of the same technology used in Boeing’s new state-of-the-art 787 Dreamliner.

#15 All of this new wealth has enabled China to dramatically upgrade and modernize their military forces.  For example, China has actually developed a missile system that can destroy a U.S. aircraft carrier nearly 2,000 miles out to sea.

#16 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

#17 Since 2001, over 42,000 U.S. factories have closed down for good.

#18 Wealthy Chinese companies are now gobbling up U.S. businesses and U.S. infrastructure at a staggering pace.

#19 As of the end of 2009, less than 12 million Americans worked in manufacturing.  The last time that less than 12 million Americans were employed in manufacturing was in 1941.

#20 The United States has 10 percent fewer “middle class jobs” than it did just ten years ago.

#21 According to Stanford University economics professor Ed Lazear, if the U.S. economy and the Chinese economy continue to grow at current rates, the average Chinese citizen will be wealthier than the average American citizen in just 30 years.

#22 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.

#23 According to one recent study, China could become the global leader in patent filings by next year.

#24 Today, China controls over 90 percent of the total global supply of rare earth elements.

#25 According to one shocking new poll, 47 percent of Americans believe that China is the number one economic power in the world.  Only 31 percent of those responding to the survey indicated that they believe that the United States is still the number one economic power.

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  • Susan

    There is no doubt CHINA is the Next america. The true stats are showing it.

    Alot of people think we are doomed, but there are still great ways to make money. Even while the economy is collapsing around us.

    I subscribe to the guy from australia and his FFT economic newsletter at http://www.forecastfortomorrow.com that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.

    His oil calls are insane, and I have been making good money with them. He is well worth a look, if you want to keep two steps ahead of the sheeple out there.

    I am worried about my financial future. Is anyone else nervous out there?

  • http://www.planorperish.com Gutter Economist

    China is not kicking our rear ends. Politicians and corporate executives are using China to kick the US middle class out of existence. How else can this group (politicians and corporate executives) live in castles surrounded by peasant farmers?

  • http://endoftheamericandream.com Paul Sheffield

    China is not going to be the Super Power everyone thinks it’s going to be.The Bible is very clear that Europe is going to become the Dominant Country and soon. Perhaps that is why Ezekiel describes China’s attack against Israel and the Revived Roman Empire nations after Russia and Iran fails in their pursuit of conquest.
    We are definitely going to fall as a Super Power but China is going to collapse as well.
    China attacks out of its own poverty caused by the European One World Currency. What I have stated here is factual and Biblically accurate.
    Check it for yourself. Ezekiel 38, Daniel 2

  • Shawn Eng

    Any dispensationalist faith in China that places the kingdom of a supreme being over the authority of the CCP must slowly but steadily erode at the party system, like the Christians of 2nd century Rome. Neither the Uighurs nor the Tibetans believe in an imminent eschatological event that would give meaning to the suffering of China’s marginalized urban peasants. We should promote millenialism across China to destabilize the government.

    A new Smoot Hawley may not re-industrialize the US due to race-to-the-bottom labor arbitrage, but it will drive global capital towards non-Chinese substitute labor forces. US political class do not have the will for tariffs because of the threat of diminished Chinese lending.

    We should call their bluff. If China stops debt financing or attempts a dollar dump, it will only destroy their own market for Chinese goods and the bond vigilantes will bring austerity that much faster to the US. If cheap foreign goods are a fact of life, then let those goods be made in democracies instead of a rival hegemon.

  • Guido

    Where do you get biblical prophecy that says Europe will be anything?
    There’s no way to read anything you just said from those quotes.

    Globalism has been a massive disaster for this nation. The only people who actually benefited from it are the ones who keep telling us it is a good thing for us. Ross Perot was right when he stated we would hear a giant sucking sound as all our jobs were sucked out of this country.

    42,000 factories closed? Makes it sound like Atlas Shrugged.

  • mondobeyondo

    China usurping the USA economically??

    Hu Knew!!

    (rim shot) Come on, that was funny! Thank you, I’m here all week!

    Seriously though, I hope that President Obama and President Hu, in between their lunchtime gig (at Panda Express, of course), and evening dinner and a movie (Kung Fu Panda, naturally), they will address the following issues:

    1) The rising value of the yuan versus the dollar

    2) Chinese government subsidies which allow American companies to base their operations overseas

    3) Human rights – China is still a Communist country, one of only 4 left in the world (the others are Mongolia, Vietnam and Cuba)

    4) How can the U.S. increase our government subsidies to keep U.S. companies here on our soil, instead of getting (ahem) Shanghaied? And are they willing to cut subsidies and incentives to prevent our industries from moving overseas?

    President Hu’s got some issues too. (Woo hoo! Does Hu hear a Who? Green eggs and ham, anyone?)

    1) Why is the US insisting on more quantatative easing? China holds a lot of U.S. dollars. Each time more dollars are printed by the U.S. government, the value of each dollar goes down. That is inflation. China holds more of our money than anyone else, but it’s worth less with each passing day. They are scared to death that it will eventually be worth NOTHING. China isn’t happy about this. Why? Ummm, go back and read the paragraph again.

    2) Inflation in China is raging. It would be in their best interest (rate..ha!) to stop it, or slow it down.

    3) The quality of their goods is still not excellent, but it’s improving. The same was said of Japanese products in the 1960s, and look where they are now.

    4) The Chinese would love to break the yuan/dollar peg, but it’s too important for their BFF’s (that’s us, in the USA) to keep buying their stuff.. Their currency would rise, and the dollar would plunge. Sure, your Chinese counterpart can now upgrade from a metal pot to an electric rice cooker. BUT…. your Wal-Mart goodies would become more expensive overnight. No more $25 blenders, sorry. People would stop buying. The U.S. economy is 70 percent consumer driven. Imagine what that would do to our domestic economy.

    Pandas may look cute and cuddly, but they have a mean disposition. Be careful, President Obama and Mrs. Clinton.

    Is there any hope, then? Non, mon ami.
    (Or however you say it in Chinese)

  • Delaware

    So what if the US is not number one in terms of these stats. The important thing is to remember that we don’t have to put up with this s— that’s being delivered to us on a warm stinking platter. Face it, we are where we are because we let it happen, we let them hand over the jobs to china by voting for those numbskulls who love Globanomics. Let’s demand a return to the Americans from those who represent us.

  • http://www.pathtoasia.com rhea

    This is just great – trade war in 3…2…1…More idiocy from the jokers in Congress. Obviously they’d rather blame China for our problems rather than admit their own responsibility. When China allows the yuan to rise, it will mean higher prices for all of the Chinese goods we have become addicted to. In addition, we will be competing with Chinese consumers for goods produced around the world – from raw materials to food. While we may gain some jobs, I fear that it will come at a much higher price than the average jingoistic Congressman realizes.

    http://www.pathtoasia.com/jobs/

  • http://surviveinchina.com/ Zach

    this just proves why America needs to think more global and start trading with global partners. Americans used to think that shipping goods from New York to Texas is considered exporting. That is no longer the case. If Germany can still export with a high Euro, then America can too, as long as the health care is all paid for by the government, just like Germany.

  • Franz

    China’s success is “made in the USA.”

    20 years ago, in a “large US corporate boardroom” I listened for hours as strategists from engineers to financiers were figuring out ways to ship industry, build plants, and transfer work to China.

    And the American Government was fine with that!

    Working hard and not getting by… or no job at all? They planned this all a LONG time ago. Henry Kissinger and Chou En Li worked the details out while Nixon was getting run out of town. The same Nixon who used American tax dollars to find markets for Japanese industry!

    Research this as I have, friends.

    Asia was built by American $$$ and American know-how. The chickens are already home roosting… in collapsing communities and dead-end jobs (or no jobs at all).

    After you research it, get mad. Because we got a big job ahead of us and it ain’t going to be easy.

  • Robert

    Franz:

    There are some comments here about the subject of trade with China that are very good IMO. Yours is dead on what has transpired in this country. And the comment made by Gutter Economist, I have to give credit to that to.

    So what is the answer? For each one of us commenting here there are at least one hundred citizens of the United States that simply refuse to pull their heads out of the sand. We cannot make anyone do anything therefore we must continue to take up the slack for those that refuse to believe the reality I very much think is coming our way primarily being transformed into third world status economically.

    I say keep the channels open with “underground” info as I refer to this type of web site for we are being scrutinized every moment I feel by tyrants wanting to silence us.

    Above all means pray for and protect your families, pray for those who participate in blogs like this as I pray for each of you. Build your alliances with neighbors and friends of like mind if you can convince them that “Houston, we have a problem”. Don’t waste time with others. Keep the powder dry and God Bless.

  • http://www.deliberatelyconsidered.com/ Jeffrey C. Goldfarb

    I think what you have to say here is interesting, but short-sighted. I think that economist Will Milberg, writing on DeliberatelyConsidered.com, explained the variables which have effected the US-China trade policies very well.

    What you don’t seem to take into account is the change in buying power related to the stagnate American household income and the need to promote buying in China, which is all but inevitable. As inflation continues there, the balance of payments could and should adjust. The buying power of the American household continues to decrease; the buying power of China increases. Encouraging these tendencies is a better policy than sticking our heads in the sand and pretending we can live isolated in a globalized world.

  • http://sydneyinstituteonline.net/ranlibrary/2010/09/12/cordless-screen-listening-system/ Hannah G. Ellison

    United States Trade Representative Ron Kirk announced today that the United States has filed two cases against China at the World Trade Organization WTO . One case requests dispute settlement consultations the first step in litigation regarding China s imposition of antidumping AD duties and countervailing duties CVD on imports of grain oriented flat-rolled electrical steel GOES from the United States. The other case requests consultations regarding China s discrimination against U.S.