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Wednesday, February 2, 2011

25 Fun Facts China Doesn't Want You To Know

#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

#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 American companies keep handing Chinese companies our most
       advanced technology. Just consider the following example that was
       just reportedin 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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