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US has been most powerful country in the world since 1896, UK was second from 1896 to 1930, following by Russia
1930 to 1940, West Germany 1950 to 1968, Japan emerging to be second from 1969 to 2009
China had ignorable size of economy in 20th century, GDP ranked 11th in 1980 behind Argentina, 6th in 1998 before Italy
and now 2nd in 2010. It is a economy rival to US, China is expected to overtake US in 2030, as early as 2020 to be the
most powerful country in the world.
Since China has huge population with wide different classes, currently average Chinese made 12% incomes than
Americans, still below average the world level, even in 2030, average Chinese are still in 1/3 income of American.
Since 2001, China economy leaps in accelerating speed, 2010 GDP is 40% more than 2007, tripled than in 2000, US is
still in recession, 2010 GDP is still 0.2% less than 2007.
Napoleon had once said, "Let China sleep, for when she wakes, she will shake the world.", the days are coming.
China though my eyes:
US is a developed country with huge burdens:
Wars since 2001, trillions money have dumped into the war field, average $3700 per capital each year,that is main reason of poverty
in China history
Welfare: US has hundreds welfare programs for child,women, student, to adult, senior, some programs are severe fraud and
Health Care: US has most expensive health care in the world, doctor visit( Primary care) $150, ( Specialist) $300, emergency room
visit $1800, overnight stay in Hospital ward $6000, 7 days in hospital patient $80K, cardiac or brain surgery $ 200K to $500K,
average health insurance for 40yo $500 per month, $1600 family of 4 per month
Political and social fight: Republican and Democrat restless fights under the name of " for American people"
US has 5% population , 70% lawyer in the world, endless lawsuits happen every day
Aging population, average age 44yo, to refuel the work forces, has to open homeland for legal or illegal immigrants, as white
population shrinks and aging, currently 87% immigrants are from Asia, Latin America and Africa.
Expensive costs : minimal salary $7.25/hr( China 80 cents/hr), full time job must have benefits, many rigorous regulations and
codes to restrict a business, but no regulation for outsourcing.
Outsourcing industries. When people become more and more open minded, transportation around the world can completed in 24
hours in affordable way, information technology makes communication like in next door, the world become smaller
another reason we were told " The character of Capitalism is greedy to pursue biggest profits" , Lenin Quote: "The Capitalists will sell
us the rope with which we will hang them." now the capitalists sold the machines and skills, and purchased the rope back and slowly
suicide themselves. That is biggest problem in US: No Jobs!
Manufacture: China, Vietnam, Malaysia, Thailand, Mexico Service: India, Philippine.
How many products you can find in stores( from high class stores to budget stores) are made in USA? correct answer is under 10%
Debt based economy: always spending more than made ,currently each dollar spent, 42 cents were borrowed, by printing all the
bonds and inventing financial alternatives, the debts are shared by other countries in the world.
As a emerging ,developing country with much less burden
China has face lift style real estate market, tremendous infrastructure construction, both account 37% GDP growth, whole
China is a biggest construction site in the world. If US does in Chinese way, demolishing all 30 years old buildings and
rebuilding modern style buildings, it will exhaust all construction material in the world.
When more and more Chinese enjoy western life style, the impact is profound, the gas price is no more than $1( 10 year ago),
no more $2( 5 year ago),all new price will stay high and go higher. All western universities have seen Chinese students
surging 500% in last 5 years, Chinese labors are everywhere around the world, Chinese restaurants in every town, big or
Huge migrant cheap labor, in 1978, Chinese farmer ,peasant accounted 81% population, in 2009 it shrinks to only 30% to
47%( seasonal to full time), Chinese population have grown 62% in last 30 years, total 400 million people moved to city and
coastal area for industrial work.
business friendly model and high efficiency, much less or no regulation attract huge investment and insoursing industry, no
benefit, no welfare, no tax, no lawsuit allowed " Take it or Leave it" , Even there are some laws, regulations, but Chinese are
famous for going around,being flexible, no waiting time, no review process,everything is right as long as money right. A high
speed rail route was built in 2 years compared with 15 to 20 years in Europe and Japan.
Powerful government and stable politics, no party in the world is more powerful than CPC, that is why many Chinese believe
only Communist saves China from being scattered( former USSR and east europe style)
Homologous population and culture, bracing capitalism, 99.99% are same race, culture are mixture of Confusim, Buddhism
, Taoism and Mao's thought. Religions have never played critical role in most Chinese life, it is a society of modest,
understanding and tolerance, no extremist allowed.
China is not a depressed country as many western media portrayed, many Chinese immigrate US under the name of
"political asylum" ", because they must find a category to stay in US legally, the lawyers help them fabricated the cases and
stories( immigration is most fraud system in US), the first thing for many " asylumer" when green card approved is visit China
and show off the wealthy in US( by working in restaurants, construction, home improvement, massage....) because ordinary
people in US is still richer than working class in China, nobody is get " persecution" or "detention" in China,all back US
Plus huge saving, thrift life style, education, family oriented , Chinese philosophy: spend half, save half
education go first no matter how poor they are, family members help each other in job seeking, financial support...
Contrary to many Chinese imagination, most US
cities have a few highrise in downtown area
Most government buildings in US are over 100 year
old and in style of old roman.
Classic buildings are treated as treasures in China,
and well preserved, but in US, many are abandoned
or to be homeless shelters.
If all Chinese in American life style, the whole world resources will go to Chinese alone
Half of Chinese don't have personal computers , the 24/7 internet cafés( Wang ba) are the major resources for game, website
access even China has biggest internet users in the world, average American has 3 computers in last 10 year.
There are 10% family made $35000/year( RMB 200,000 year income only) who can afford the tuition to send Child to US , 20% living
in same standard as 80% American do, there are 400 million Chinese( 30% population) make under $3 per day, poverty or
Average Chinese income has increased 100 times, the price also has increased 30 times in last 30 years( 1980 to 2010), China
becomes from a super cheap country( everything measured by cents) to expensive country( all calculated by dollars). At same time,
American income increased 4 times, and the priced increased 3 time. In 1980s, 1990s, the easiest and fastest way for Chinese to
get rich is immigrate US, as Chinese salaries were too low and fixed scales by allocation.
China has serious inflation problem, right now, many living necessaries price is close or higher than US even most Chinese make
10% to 20% of US salary because Chinese government know Chinese don't want to pay personal tax, and imposed all taxes on
everything. The rich people spend more, relatively pay more.
China has most expensive housing market in the world, average housing is equal to 5 year family salaries in US, average 2
bedroom apartment is 15 year salaries in China, in Beijing and Shanghai, it is total 35 year salaries. In many big cities in China,
real estate is more expensive than US cities. Beijng, Shanghai are more expensive than New York and San Francisco( No 1 and No
2). Many Chinese tourists exclaimed" US is so cheap!" and dismayed so many poor people in US
1. Aging population, from 2016, China population will stop growing, the more and more people will get retired . As " one child
policy" effect, there are much more seniors population than young people.
2. Gap of the rich and the poor, there are 10 million rich people hold over 1 million US dollars besides their residing house,
there are 400 million poor people made less then $3 per day, due to social culture and history, you must have cozy relationship
with powers to get rich, rampage corruption is part of Chinese culture and hstory. That is why many people miss "Old time"
because they want fairness.
3. Heavy pollution,that is the cost of world factory, China output in steel,construction material, computer, cell phone... account
for 50% to 80% of world production, China aggressively imports raw materials around the world to maintain its huge size
4. Rising price of all living material, when China raise price, the whole world will go inflation because China population is 22%
of the world, the world limited resources only allocate minority to be rich, majority to be poor.
5. Unrest society, people start challenging the government, blaming all the faults to leaders, some demand political reform.
Even many rich people are not confident to the future and try to immigrate and transfer money to foreign countries, or women
take tourist visa , come to US to have a " US citizen baby"( Double benefits, low college tuition for Child and all family members
eligible to immigrate US in the future)
A tale of two powers ( US vs China)
US is falling, China is rising , and the change is shaking the world
economy and future.
US is a developed country with huge burdens, just like mature aging
people have all expensive costs and outsourcing industries.
China is no longer 3rd world country, taking advantage of globalization
and becoming most energetic country in the world, the living costs are
approaching to US, real estate in many big cities are more expensive, the
labours are still much cheaper, with much less regulation, totally
economy is controlled by government enhanced state capitalism.
There are some underlying reasons to cause the huge changes, is US
peaked? is this men made shift?share your thoughts.
The only job available for American in China are English teachers(
In China, all big cities have Vegas style night view
Endless construction have been taken place in last
Fifth Ave style shopping street in China, those
luxury goods in China are 20 to 50% higher price
than in west because Chinese government
imposed all taxes on them
There are more employees than customers in those
luxury stores, poor people can't afford, rich people
buy authentic overseas
China is not fit to every business, Best Buy lost a lot
of money and exited from China
Hot real restate prices have been increased
average 20% every year since 1996, China is from
super cheap country to be one of expensive
A small temple expended into a huge tourist site, in
China, as long as money right, just go for it.
Big LV stores in Shanghai, some oversea Chinese
find out much more rich people in China than
they thought. And educated professionals don't
want to be labors in US anymore
Everywhere is crowded in China, that also means
everywhere is an opportunity to make money
Only 10% old houses( over 30 years )still exist , they
are giving away to new housing in next 3 years
All the concrete high rise boxes were built in China,
and all looks similar
Some soon to be demolished streets give your
glimpse of old China( before 1949)
Going globe, many signs, posters are labeled
bilingual , but most English words are twisted , hard
to understand and kind of funny meaning.
Build a green city is just a slogan, and many
factories move out of central part, and continue
pollute in suburban area
Real estate is major invest for affluents, many have
6 apartments waiting for bigger money,the money
of one apartment( average price $100K) is enough
to support a student studying in US school for 2 to 5
Some independent houses with small garden in
Shanghai cost $20million to $50million each, the
same house is only 1 to 2 million in California
beach front because only 1% Chinese live in such
More and more roads are widen to accommodate
increasing traffic, parking is hassle and sidewalk
parking are popular.
More luxury stores in China than US, a well known
fact is many sell fake products
Street view of Shanghai, the new buildings in
China usually go 30 to 50 stories.
Modern style airport, as fierce competition from high
speed railroad, Putong airport traffic is still well
Most area in China are heavily polluted, smoggy
air prevents a clear bird view of the ground
Even in small towns, the real estate markets are
very hot, the prices are 5 times more than 10 years
Freeways are built everywhere and mostly are toll
roads, average 10 cents per mile and gas price in
China is same as in US( $3.80/gallon).
Most cities in China are face lift, and hard to
figure out the locations 10 to 20 years ago .
Many fertile fields are giving way to real estate
market and many countryside houses are deserted.
The soaring food price in China bring up all the
prices around the world
Those are not historic buildings, all built up based
on legendary stories to attract tourists recently.
Some cities do better jobs to preserve the
environment such as Suzhou
Lights up in the roofs of many high rise buildings.
Chicago and New York City has less high rise than
Cities in China
Many Americans move to florida to enjoy the
sunshine, beach and affordable house, average
those for big brand new house costs $400,000 in
Florida, it costs 5 million US dollar in China
This is not a countryside, it is a affluent suburbs in
Many US cities are plagued by high crimes and
homeless as this one in Tenderlion district in SF, in
China, crime rate are much lower than US, 10 poor
people share 1 small room, they don't want to be
Many downtowns in US have over 100 year history
and have not changed much since.
Silicon valley is considered to be most famous
place in US by many Chinese, many are
disappointed to find out no highrises,no vibrant
night life there.
Only those appreciate Chinese culture and history
like to visit China, otherwise everywhere is just
crowds and box style buildings.
in China, university was considered" Ivory tower"
guaranteed a bright future and stable jobs for
graduates, now the competition changed the
Many students spend a lot of time on study, not on
game and computer, TV, that is why Chinese can
make big test scores stunned the world. And
teachers in China enjoy high respect, and high
salary( same or a little higher than MD)
High speed railways connect most major cites in
China, but due to expensive ticket and competition
from airlines and freeway bus , high speed trains
only succeed in travel range between 300 to 800
Night view in Shanghai bunds
Government buildings in China, some looks like
white house, capital building, westminster, elysee,
kremlin....China copies the world
Despite of glorious decoration, only 30%y high rise
offices are occupied,
Is this a 21st century epicenter of world : Shanghai
Think LA traffic is too bad, look at traffic in China.
Most cars there are new, small to mediate size
sedans, and the most popular brand is VW.
Many college graduates can't find decent jobs and
have to turn eyes on government hiring, higher
education( master, doctor degree) and foreign
Even high end stores, english label is hard to
understand, and contrary to the world buying" made
in China", many rich people in China only buy
products" Made in US, Europe and Japan"
As land is so precious , many corners of the street
turn to mini gardens
In China, doctor visit alway occurs in same day, cost
$1, many hospitals are very busy, average doctor
makes twice to triple than regular Joe's. In US,
doctor makes 5 to 10 times more than regulars after
Shanghai and San Francisco are first sister cities between China and US
even then SF mayor Diane Feinstein speech was collected in English textbook in China
in San Francisco, crossover of Mission and Geneva St like China in 30 yr ago, Van Ness and Market St like China 15 yr
ago, 4th and King Street like China now
Income of average
Chinese: ( RMB)
$1 US dollar exchange
US debt is caused by itself
overspending on war, rescue
Real estate price in Shanghai
(RMB per square meter}
before 1995 Allocated by government or
2010 28000, central part 40000
That is main reason Chinese getting rich,
most city residents have at least two houses,
privatization house in 1996 is 10% then
market price, and then employee collective
house following is 30% to 50% market price
Pork Meat price( per
Vegetable price( per 500g)