Does China Plan To Establish “China Cities” All Over America? Forwarded By Erasmus Of America Jan. 30, 2013

Source: Michael Snyder, Guest Post

What in the world is China up to?  Over the past several years, the
Chinese government and large Chinese corporations (which are often at least
partially owned by the government) have been systematically buying up
businesses, homes, farmland, real estate, infrastructure and natural resources
all over America.  In some cases, China appears to be attempting to
purchase entire communities in one fell swoop.  So why is this
happening?  Is this some form of “economic colonization” that is taking
place?  Some have speculated that China may be intending to establish
“special economic zones” inside the United States modeled after the very
successful Chinese city of Shenzhen.  Back in the 1970s, Shenzhen
was just a very small fishing village, but now it is a sprawling metropolis of
over 14 million people.  Initially, these “special economic zones” were
only established within China, but now the Chinese government has been buying
huge tracts of land in foreign countries such as Nigeria and establishing
special economic zones in those nations.  So could such a thing actually
happen in America?  Well, according to Dr. Jerome Corsi, a plan being
pushed by the Chinese Central Bank would set up “development zones” in the
United States that would allow China to “establish Chinese-owned businesses and
bring in its citizens to the U.S. to work.”  Under the plan, some of
the $1.17 trillionthat the U.S. owes
China would be converted from debt to “equity”.  As a result, “China would
own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a
U.S. government guarantee against loss.”  Does all of this sound far-fetched? 
Well, it isn’t.  In fact, the economic colonization of America is already
far more advanced than most Americans would dare to imagine.

So how in the world did we get to this point?  A few decades ago, the
United States was the unchallenged economic powerhouse of the world and China
was essentially a third world country.

So what happened?

Well, we entered into a whole bunch of extremely unfavorable “free trade”
agreements, and countries such as China began to aggressively use “free trade”
as an economic weapon against us.

Over the past decade, we have lost tens of thousands of businesses and
millions of jobs to China.  When the final numbers for 2012 come out, our
trade deficit with China for the year will be well over 300 billion dollars, and
that will be the largest trade deficit that one country has had with another
country in the history of the world.

Overall, the U.S. has run a trade deficit with China over the past decade
that comes to more than 2.3 trillion
dollars.  That 2.3 trillion dollars could have gone to U.S. businesses
and U.S. workers, and in turn taxes would have been paid on all of that
money.  But instead, all of that money went to China.

Rather than just sitting on all of that money, China has been lending much
of it back to us – at interest.  We now owe China more than a trillion
dollars, and our politicians are constantly pleading with China to lend more
money to us so that we can finance our exploding debt.

Today, the U.S. government pays China approximately 100 million dollars a
day in interest on the debt that we owe them.  Those that say that the
U.S. debt “does not matter” are being incredibly foolish.

So thanks to our massive trade deficit and our exploding national debt,
China is systematically getting wealthier and the United States is
systematically getting poorer.

And now China is starting to use a lot of that wealth to aggressively expand
their power and influence around the globe.

But isn’t it more than a bit far-fetched to suggest that China may be
planning to establish Chinese cities and special economic zones in America?

Not really.

Just look at what has already happened up in Canada.  It is well-known
that the Chinese population of Vancouver, Canada has absolutely exploded in
recent years.  In fact, the Vancouver suburb of Richmond is now
approximately half Chinese.  The following is an excerpt from a BBC article…

Richmond is North America’s most Asian city – 50% of residents here identify
themselves as Chinese. But it’s not just here that the Chinese community in
British Columbia (BC) – some 407,000 strong – has left its mark. All across
Vancouver, Chinese-Canadians have helped shape the local landscape.

A similar thing is happening in many communities along the west coast of the
United States.  In fact, Chinese citizens purchased one out of every ten homes that were
sold in the state of California in 2011.

But in other areas of the United States, the Chinese are approaching things
much more systematically.

For example, as I have written about previously, a Chinese group identified as
“Sino-Michigan Properties LLC” has purchased 200 acres of land near the town of
Milan, Michigan.  Their stated goal is to build a “China City” that has
artificial lakes, a Chinese cultural center and hundreds of housing units for
Chinese citizens.

In other instances, large chunks of real estate in major U.S. cities that
are down on their luck are being snapped up by Chinese investors.  Just
check out what a Fortune article from a while back
says has been happening over in Toledo, Ohio…

In March 2011, Chinese investors paid $2.15 million cash for a
restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down
another $3.8 million on 69 acres of newly decontaminated land in the city’s
Marina District, promising to invest $200 million in a new
residential-commercial development. That September, another Chinese firm spent
$3 million for an aging hotel across a nearby bridge with a view of the minor
league ballpark.

Toledo is being promoted to Chinese investors as a “5-star logistics region“. 
From Toledo it is very easy to get to Chicago, Detroit, Cleveland, Pittsburgh,
Columbus and Indianapolis…

With a population of 287,000, Toledo is only the fourth largest city in
Ohio, but it lies at the junction of two important highways — I-75 and I-80/90.
“My vision is to make Toledo a true international city,” Toledo’s Mayor Mike
Bell told the Toledo Blade.

But some of these deals appear to be about far more than just making
“investments”.  According to the Idaho Statesman, a Chinese
company known as Sinomach (which is actually controlled by the Chinese
government) was actually interested in developing a 50 square mile
self-sustaining “technology zone” south of the Boise airport…

A Chinese national company is interested in developing a 10,000- to
30,000-acre technology zone for industry, retail centers and homes south of the
Boise Airport.

Officials of the China National Machinery Industry Corp. have broached the
idea — based on a concept popular in China today — to city and state leaders.

The article suggested that this
“technology zone” would be modeled after similar projects that already exist in
China, and that Chinese officials were conducting similar negotiations with
other U.S. states as well…

Sinomach is not looking only at Idaho.

The company sent delegations to Ohio, Michigan and Pennsylvania this year to
talk about setting up research and development bases and industrial parks. It
has an interest in electric transmission projects and alternative energy as
well.

The technology zone proposal follows a model of science, technology and
industrial parks in China — often fully contained cities with all services
included.

Thankfully the deal in Idaho appears to be stalled for now, but could we
soon see China establish special economic zones in other communities all around
America?

The Chinese certainly do seem to be laying the groundwork for
something.  They have been voraciously gobbling up important
infrastructure all over the country.  The following comes from a recentAmerican Free Press article…

In addition to already owning vital ports in Long Beach, Calif. and Boston,
Mass., the China Ocean Shipping Company is
eyeing major ports on the East Coast and Gulf of Mexico. China also owns access
to ports at the entry and exit points of the Panama Canal.

And due to fiscal woes plaguing many American cities and states, U.S.
legislators have been actively seeking out Chinese investors. In one of the
worst cases, Baton Rouge, La., Mayor Kip Holden offered the Chinese government
ownership and operating rights to a new toll way system if the Chinese would
provide the funding to build it.

Does it make sense for the Chinese to own some of our most important ports?

Isn’t there a national security risk?

Sadly, there isn’t much of anything that our politicians won’t sell these
days as long as someone is willing to flash a lot of cash.

The Chinese have also been busy buying up important real estate on the east
coast as a recent Forbes article explained….

According to a recent report in the New York Times, investors from China
are “snapping up luxury apartments” and are planning to spend hundreds of
millions of dollars on commercial and residential projects like Atlantic Yards
in Brooklyn. Chinese companies also have signed major leases at the Empire
State Building and at 1 World Trade Center, the report said.

But it is not only just land and infrastructure that the Chinese have been
buying up.

They have also been purchasing rights to vital oil and natural gas deposits
all over the United States.

There have been two Chinese companies that have been primarily involved in
this effort.

The first is the China National Offshore Oil Corporation (CNOOC). 
According to Wikipedia, CNOOC is 100 percent
owned by the Chinese government…

CNOOC Group is a state-owned oil company, fully owned by the Government
of the People’s Republic of China, and the State-Owned Assets Supervision and
Administration Commission of the State Council (SASAC) performs the rights and
obligations of shareholder on behalf of the government.

The second is Sinopec Corporation.  Sinopec Group is the largest
shareholder (approx. 75% ownership) in Sinopec Corporation.  And asthe Sinopec website tells us,
Sinopec Group is fully owned by the Chinese government…

Sinopec Group, the largest shareholder of Sinopec Corp., is a
super-large petroleum and petrochemical group incorporated by the State in 1998
based on the former China Petrochemical Corporation. Funded by the State, it is
a State authorized investment arm and State-owned controlling company.

So whenever you see CNOOC or Sinopec, you can replace those names with the
Chinese government.  The Chinese government essentially runs both of those
companies.

And as you can see from the following list compiled by the Wall Street Journal,
those two companies have been extremely aggressive in buying up rights to oil
and natural gas all over the nation…

Colorado: Cnooc gained a one-third stake in 800,000 acres
in northeast Colorado and southeast Wyoming in a $1.27 billion pact with
Chesapeake Energy Corp.

Louisiana: Sinopec has a one-third interest in 265,000
acres in the Tuscaloosa Marine Shale after a broader $2.5-billion deal with
Devon Energy.

Michigan: Sinopec gained a one-third interest in 350,000
acres in a larger $2.5 billion deal with Devon Energy.

Ohio: Sinopec acquired a one-third stake in Devon Energy’s
235,000 Utica Shale acres in a larger $2.5 billion deal.

Oklahoma: Sinopec has a one-third interest in 215,000 acres
in a broader $2.5 billion deal with Devon Energy.

Texas: Cnooc acquired a one-third interest in Chesapeake
Energy’s 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.

Wyoming: Cnooc has a one-third stake in 800,000 acres in
northeast Colorado and southeast Wyoming after a $1.27 billion pact with
Chesapeake Energy. Sinopec gained a one-third interest in Devon Energy’s
320,000 acres as part of a larger $2.5 billion deal.

Gulf of Mexico: Cnooc Ltd. separately acquired minority
stakes in some of Statoil ASA’s leases as well as six of Nexen Inc.’s
deep-water wells.

So why is the U.S. government allowing this?

That is a very good question.

For a nation that purports to be pursuing “energy independence”, we sure do
have a funny way of going about things.

Unfortunately, the sad truth is that China is absolutely mopping the floor
with the United States on the global economic stage.  China is rising and
America is in an advanced state of decline. 
Global economic power has shifted dramatically and most Americans still don’t
understand what has happened.

The following are 44 more signs of how dominant the economy of China has
become…

1. A Chinese firm recently made a $2.6 billion offer to buy movie
theater chain AMC.

2. A different Chinese firm made a $1.8 billion offer to buy
aircraft maker Hawker Beechcraft.

3. In December it was announced that a Chinese group would
be purchasing AIG’s plane leasing unit for $4.23 billion.

4. It was recently announced that the Federal Reserve will
now allow Chinese banks to buy up American banks.

5. A $190 million bridge project up in
Alaska was awarded to a Chinese firm.

6. A $400 million contract to renovate the
Alexander Hamilton bridge in New York was awarded to a Chinese firm.

7. A $7.2 billion contract to construct a
new bridge between San Francisco and Oakland was awarded to a Chinese firm.

8. The uniforms for the U.S. Olympic team were made in China.

9. 85 percent of all artificial Christmas trees are made in China.

10. The new World Trade Center
tower is going to include glass that has been imported from China.

11. The new Martin Luther King memorial on the National
Mall was made in China.

12. In 2001, American consumers spent 102 billion dollars
on products made in China.  In 2011, American consumers spent 399 billion dollarson products
made in China.

13. The United States spends about 4 dollars on goods and
services from China for every one dollar that China spends on goods and
services from the United States.

14. According to the New York Times, a Jeep Grand
Cherokee that costs $27,490 in the United States costs about $85,000 in China
thanks to all the tariffs.

15. The Chinese economy has grown 7 times faster than the U.S. economy
has over the past decade.

16. The United States has lost a staggering 32
percent of its manufacturing jobs since the year 2000.

17. The United States has lost an average of 50,000 manufacturing jobs per month
since China joined the World Trade Organization in 2001.

18. Overall, the United States has lost a total of more than 56,000manufacturing
facilities since 2001.

19. According to the Economic Policy Institute, America is
losing half a million jobs to China
every single year.

20. Between
December 2000 and December 2010, 38 percent of the manufacturing jobs in
Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were
lost and 48 percent of the manufacturing jobs in Michigan were lost.

21. In 2010, China produced more than twice as many
automobiles as the United States did.

22. Since the auto industry bailout, approximately 70 percent of all GM vehicles have been
built outside the United States.

23. After being bailed out by U.S. taxpayers, General
Motors is currently involved in 11 joint ventures with companies
owned by the Chinese government.  The price for entering into many of
these “joint ventures” was a transfer of “state of the art technology”
from General Motors to the communist Chinese.

24. 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.

25. The United States has lost more than a quarter of all of
its high-tech manufacturing jobs over the past ten years.

26. China’s number one export to the U.S. is computer equipment.

27. The number one U.S. export to China is “scrap and trash”.

28. The U.S. trade deficit with China is now more
than 28 times largerthan it was back in
1990.

29. Back in 1985, the U.S. trade deficit with China was
just 6 million dollars for the entire
year.  For the month of November 2012 alone, the U.S. trade deficit with
China was 28.9 billion dollars.

30. China now consumes more energy than the United States
does.

31. China is now the leading manufacturer of goods
in the entire world.

32. China uses more cement than the rest of the world combined.

33. China is now the number one producer of
wind and solar power on the entire globe.

34. Today, China produces nearly twice as much beer
as the United States does.

35. Right now, China is producing more than three
times as much coal as the United States does.

36. China now produces 11 times as much steel as the United
States does.

37. China produces more than 90 percent of the
global supply of rare earth elements.

38. China is now the number
one supplier of components that are critical to the operation
of U.S. defense systems.

39. 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.

40. 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.

41. China now awards more doctoral
degrees in engineering each year than the United States does.

42. According to one study, the Chinese economy already
has roughly the same amount of
purchasing power as the U.S. economy does.

43. According to the IMF, China will pass the United States
and will become the largest economy in the world in 2016.

44. 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.

Without the “globalization” of the world economy, none of this would have
ever happened.  But instead of admitting our mistakes and fixing them, our
politicians continue to press for even more “free trade” and even more
integration with communist nations such as China.

In fact, according to Dr. Jerome
Corsi, the U.S. government has already set up 257 “foreign trade zones” all
over America.  These “foreign trade zones” are apparently given “special
U.S. customs treatment” and are used to promote “free trade”…

Corsi noted that the U.S. government has created 257 foreign trade zones, or
FTZs, throughout the United States, designed to extend special U.S. customs
treatment to U.S. plants engaged in international-trade-related activities.

The FTZs tend to be located near airports, with easy access into the
continental NAFTA and WTO multi-modal transportation systems being created to
move free-trade goods cheaply, quickly and efficiently throughout the continent
of North America.

“There is nothing in the U.S. government’s description of FTZs that would
prevent a foreign government, like China, from operating a shell U.S. company
that is in reality owned and financed by the Chinese government and operated
through a Chinese government-owned corporation,” Corsi wrote.

Sadly, we are probably going to see a whole lot more of this in the years
ahead.

According to Corsi, a professor of economics at Tsighua
University in Beijing named Yu Qiao has suggested the following plan as a way
to transform the debt that the United States owes China into something more
“tangible”…

• A d v e r t i s e m e n t

1. China would negotiate with
   the U.S. government to create a “crisis relief facility,” or CRF. The CRF
   “would be used alongside U.S. federal efforts to stabilize the banking
   system and to invest in capital-intensive infrastructure projects such as
   high-speed railroad from Boston to Washington, D.C.

2. China would pool a portion of
   its holdings of Treasury bonds under the CFR umbrella to convert sovereign
   debt into equity. Any CFR funds that were designated for investment in
   U.S. corporations would still be owned and managed by U.S. equity holders,
   with the Asians holding minority equity shares “that would, like preferred
   stock, be convertible.”

3. The U.S. government would act
   as a guarantor, “providing a sovereign guarantee scheme to assure the
   investment principal of the CRF against possible default of targeted
   companies or projects”.

4. The Federal Reserve would set
   up a special account to supply the liquidity the CRF would require to swap
   sovereign debt into industrial investment in the United States.

Apparently the Bank of China really likes this plan and would like to see
something like this implemented.

In the years ahead, perhaps many of you will end up working in a “special
economic zone” for a Chinese company on a project that is being financially
guaranteed by the U.S. government.

If that sounds like a form of slavery to you, the truth is that you are
probably not too far off the mark.

The borrower is the servant of the lender, and we should have never allowed
ourselves to get into so much debt.

Now we will pay the price.

To get an idea of how much the world has changed in recent years, just check
out this incredible photo which
contrasts the decline of Detroit over the years with the amazing rise of
Shanghai, China.

Things did not have to turn out this way.  Unfortunately, we made
decades of incredibly foolish decisions and we wrecked the greatest economic
machine that the world has ever seen.

Now the future for America looks really bleak.

Or could it be that I am being too pessimistic?  Please feel free to
post a comment with your thoughts below…

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