Lake Havasu City, AZ – In April of this year, the World Bank’s International Comparison Program predicted that by the end of 2014 the Chinese purchasing power will surpass that of the U.S. Their predictions came true this past month when the International Monetary Fund (IMF) released the latest numbers for the world economy showing that the Chinese produced $17.6 trillion, compared to the U.S’s $17.4 trillion. “Our nation is rich in natural resources, yet our Congressmen continue to drag their feet on projects such as the Keystone Pipeline. If approved, the pipeline could bring thousands of jobs and millions of dollars to our country for years to come,” Supervisor Buster Johnson stated. “Instead of focusing on economic development in our nation, our Congressmen are more concerned with passing special legislation that will only benefit a few, such as the Bill Williams River Watershed Settlement Act,” Johnson continued. Surpassing America in purchasing power is not the only thing China is beating the U.S. China is the number one trading nation in the world and the number one gold producer. China also produces 3 times as much coal and 11 times as much steel as the United States. “China is beating the United States on all levels,” Johnson said. “For over 140 years, the United States had had the best economy in the world, but with the rising national debt we continue to incur and the restrictions being placed on businesses and individuals by the federal government, it is no wonder that another country has surpassed us,” Johnson continued. Here is a list of other areas China is besting the U.S. on:
- 5 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.
- China is expected to soon become the global leader in patent filings.
- China awards more doctoral degrees in engineering each year.
- China has the world’s fastest train and the world’s most extensive high-speed rail network.
- China uses more cement than the rest of the world combined.
- Today, China produces nearly twice as much beer as the United States.
- 85 percent of all artificial Christmas trees are made in China.
- There are more pigs in China than in the next 43 pork producing nations combined.
- China is now the number one producer of wind and solar power in the world.
- China produces more than twice as much cotton as the United States..
According to the U.S. Treasury, the United States currently owes the Chinese government $1.12 trillion. China is not just relying on acquisitions to expand its economic power. “Economic beachheads” are being established all over America. An economic beachhead is when countries like China buy American companies to expand their economic success. One example of this is China’s recent $2.6 billion purchase of AMC entertainment, one of the largest movie theater chains in the United States. China now controls more movie ticket sales than anyone else in the world. “The United States has the resources to flourish,” Johnson said. “It is disheartening that these resources are not being used. Congress still has the opportunity to turn things around for this country, but in order for that to happen they need to start addressing the important issues,” Johnson ended.