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. The United States has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years. China’s number one export to the U.S. is computer equipment, but the number one U.S. export to China is “scrap and trash”. The U.S. trade deficit with China is now more than 30 times larger than it was back in 1990. China now consumes more energy than the United States does. China is now the leading manufacturer of goods in the entire world. China uses more cement than the rest of the world combined. China is now the number one producer of wind and solar power on the entire globe. There are more pigs in China than in the next 43 pork producing nations combined. Today, China produces nearly twice as much beer as the United States does. Right now, China is producing more than three times as much coal as the United States does. China now produces 11 times as much steel as the United States does. China produces more than 90 percent of the global supply of rare earth elements. China is now the number one supplier of components that are critical to the operation of U.S. defense systems. A recent 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. 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.
Posted on: Fri, 07 Jun 2013 22:55:42 +0000