40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy
#1 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.
#2 According to the IMF, China will pass the United States and will become the largest economy in the world in 2016.
#3 According to one prominent economist, the Chinese economy already has roughly the same amount of purchasing power as the U.S. economy does.
#4 At the turn of this century the United States accounted for well over 20 percent of global GDP and China accounted for significantly less than 10 percent of global GDP. But since that time America’s share of global GDP has been steadily declining and China’s share has been steadily rising.
#5 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.
#6 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.
#7 During 2010, we spent $365 billion on goods and services from China while they only spent $92 billion on goods and services from us.
#8 Since 2005, Americans have gobbled up Chinese products and services totaling $1.1 trillion, but the Chinese have only spent $272 billion on American goods and services.
#9 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001, and the U.S. trade deficit with China is now 27 times larger than it was back in 1990.
#10 Back in 1985, the U.S. trade deficit with China was 6 million dollars for the entire year. For the month of April 2011 alone, the U.S. trade deficit with China was 18.8 billion dollars.
#11 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.
#12 According to a recent report from the Economic Policy Institute, between 2001 and 2008 the U.S. lost approximately 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.
#13 The United States had been the leading consumer of energy on the globe for about 100 years, but last summer China took over the number one spot.
#14 China produced 19.8 percent of all the goods consumed in the world last year. The United States only produced 19.4 percent.
#15 China now consumes 53 percent of the world’s cement.
#16 Last year, China produced 11 times as much steel as the United States did.
#17 Since China joined the WTO, approximately 46,000 factories have been transferred from the United States to Asia.
#18 China now has the world’s fastest train and the world’s largest high-speed rail network.
#19 Is alternative energy the future? If so, the Chinese economy is positioned well. China is now the number one producer in the world of wind and solar power.
#20 Chinese solar panel production was about 50 times larger in 2010 than it was in 2005.
#21 Today, China controls over 90 percent of the total global supply of rare earth elements.
#22 85 percent of all artificial Christmas trees are made in China.
#23 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.
#24 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#25 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.
#26 There are more pigs in China than in the next 43 pork producing nations combined.
#27 China now possesses the fastest supercomputer on the entire globe.
#28 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.
#29 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.
#30 In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world. In 2010, that number skyrocketed to $82 billion.
#31 Over the past 15 years, China has moved up from 14th place to 2nd place in the world in published scientific research articles.
#32 According to one recent study, China could become the global leader in patent filings by next year.
#33 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe? Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.
#34 According to author Clyde Prestowitz, China’s number one export to the U.S. is computer equipment.
#35 In 2010, the number one U.S. export to China was “scrap and trash”.
#36 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.
#37 Russia and China have announced that they have decided to quit using the U.S. dollar and instead start using their own national currencies when trading with each other.
#38 A Washington Post/ABC News poll conducted a while back found that 61 percent of Americans consider China to be a threat to our jobs and economic security.
#39 The average household debt load in the United States is 136% of average household income. In China, the average household debt load is 17% of average household income.
#40 China has accumulated the largest stockpile of foreign currency reserves on the entire globe – $3.04 trillion as of the end of March. That figure was an astounding 24.4 percent higher than it was exactly one year earlier.
Psalm 48:6 “Trembling seized them there, agony like that of a woman in labor,”
The residents of the United States are presently feeling the labor pains, and “labor” is mirrored in the loss of jobs that is causing the domino effect as the U.S. economy continues its collapse into the pit of despair.
Isaiah 13:8 “They will be horrified; pain and agony will seize [them]; they will be in anguish like a woman in labor. They will look at each other, their faces flushed with fear.”
Satan asks this question, because no one dominates our Warrior Father Yahweh:
Psalm 13:2 “How long will I store up anxious concerns within me, agony in my mind every day? How long will my enemy dominate me?” For as long as it takes… to make a footstool out of your children Satan.
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