#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 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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