First home run—China is becoming the world leader in green energy. You may read about it in China Going Green.
Second home run—Although America has ample supplies of rare earth elements (in the ground) needed for high-tech products, China is the only country processing these elements. The cost to build a processing plant in the United States runs between 500 million and one billion. Source: Holding a Vital Key to Humanity’s Future
“U.S. Rare Earths’ Chief Executive Officer Edward Cowle explained that rare earth elements have become increasingly common in high technology equipment including:
- computer hard drives and cellular phones
- MRI machines
- environmental products such as electric cars, wind turbines and solar panels
- military weapons, including the electronic controls and electric motors used in missiles
“U.S.-based production for these important manufacturing and military applications may be in jeopardy because China currently supplies the majority of rare earth elements that are used in these applications.” Source: Technology Metals Research
Third home run—Now, using French, German and Japanese technology, China plans to bid for contracts to build high-speed rail for the U.S. market and is already exporting this technology to Europe and Latin America. The White House recently announced $8 billion in grants for rail projects including the high-speed systems in California, Florida and Illinois. Source: The Huffington Post
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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