From Business Insider, comes 15 Facts (actually 17) About China that will Blow Your Mind. Here are five of them. Visit Business Insider to see the rest and the details.
1. By 2025, China will build TEN New York-sized cities.
2. China already consumes twice as much steel as the US, Europe and Japan combined.
3. If the Chinese, one day, use as much oil per person as America, then the world will need seven more Saudi Arabias to meet the demand.
Note: Another reason why China NEEDS to go Green with their power. See my piece about this topic at China Going Green. The growing crises with industrial pollution linked to oil is another reason.
4. Chinese Internet users are five times as likely to have blogs as Americans.
5. Chinese GDP (Gross Domestic Product) could overtake the U.S. as soon as the early 2020s.
Bonus Fact: The Chinese plan to have a permanent space station before 2020, walk on the moon by 2025 and a manned mission to Mars by 2040-2060.
Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.
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Hence, the reason why I go to China.
And it makes sense. The facts speak for themselves. China has been growing its economy at about 10% growth or more a year. The US has been creeping along at 1 – 3%. China is growing a middle class. The middle class in the US is shrinking. China is a socialist/capitalist hybrid and that may mean the CCP will protect the rights of the masses (over the super rich) to have opportunities to keep moving up into the middle class and that is the plan. The US is a capitalist only economy designed to serve the top 5% but depends on a huge middle class to feed the fortunes of the top 1%.
In America the market driven economy has bottomed out and is shrinking due to the shrinking middle class. In China, due to the largest still growing middle class in the world, the room for growth is HUGE and there are still many opportunities.
I suppose that may also explain why China’s super rich have mostly bought houses in the US and have bank accounts over here. If the CCP cracks down on the rich, then they can run to the US for protection.