18 Facts About China That Will Blow Your Mind
http://www.businessinsider.com/facts-abo....jor-commodity-1
China consumes 53% of the world's cement... and 48% of the world's iron ore... and 47% of the world's coal... and the majority of just about every major commodity
For all the crazy stories you've heard about China, the world's biggest country is going to keep blowing your mind.
The speed and size of economic development going in China right now has never happened before. In just ten years, a small emerging market has transformed into a geopolitical bruiser that can go toe-to-toe with Ben Bernanke.
Like it or not, China plays a critical role in the global economy from here out. Let's hope it doesn't crash.
China's economy grew 7 times as fast as America's over the past decade (316% growth vs. 43%)
China's GDP per capita is the 91st-lowest in the world, below Bosnia & Herzegovina
85 percent of artificial Christmas trees are made in China. So are 80 percent of toys
If he spent his ENTIRE YEARLY INCOME on housing, the average Beijing resident could buy 10 square feet of residential property
China has more pigs than the next 43 pork producing countries combined
Chinese consume 50,000 cigarettes every second
America's fastest "high speed" train goes less than half as fast as the new train between Shanghai and Beijing (150 mph vs 302 mph)
China's enormous Gobi Desert is the size of Peru and expanding 1,400 square miles per year due to water source depletion, over-foresting, and over-grazing
China has 64 million vacant homes, including entire cities that are empty
The world's biggest mall is in China... but it has been 99% empty since 2005
Nearly 10,000 Chinese citizens each year are sucked into unsanctioned 'black jails'
By 2025, China will build enough skyscrapers to fill TEN New York-sized cities
By 2030, China will add more new city-dwellers than the entire U.S. population
There are already more Christians in China than Italy
Chinese are almost twice as likely to believe in evolution as Americans
China executes three times as many people as the rest of the world COMBINED... and uses mobile execution vans for efficiency
When you buy Chinese stocks, you are basically financing the Chinese government. Eight of Shanghai's top ten stocks are government owned
Bonus: Chinese GDP could overtake the U.S. in less than 15 years
So what happens if China crashes?
China is getting angry as it becomes clear that the Ben Bernanke is committed to a weaker dollar.
How will they respond?
A trade war seems possible. Remember the rare earth export ban that followed a diplomatic dispute with Japan.
The following ten states export the most to China and have the most to lose, according to data from the US China Business Council
#10 Georgia
$1.8 billion of exports to China last year
442% growth over decade
--paper products worth $442 million
--processed foods worth $251 million
--waste and scraps worth $215 million
--transportation equipment worth $205 million
--chemicals worth $145 million
Major state employer Georgia Pacific might get screwed.
#9 North Carolina
$1.8 billion of exports to China last year
412% growth over decade
--computers and electronics worth $355 million
--chemicals worth $257 million
--nonmetallic mineral products worth $183 million
--crop production $133 million
--paper products $132 million
Major state employer Cisco Systems might get screwed.
Source: US-China Business Council
#8 Ohio
$1.9 billion of exports to China last year
541% growth over decade
--transportation equipment worth $364 million
--machinery (except electrical) worth $308 million
--computers and electronics worth $260 million
--waste and scrap worth $211 million
--chemicals worth $183 million
Major state employer Goodyear might get screwed.
Source: US-China Business Council
#7 New York
$2.4 billion of exports to China last year
214% growth over decade
--waste and scrap worth $736 million
--machinery (except electrical) worth $399 million
--computers and electronics worth $368 million
--chemicals worth $243 million
--transportation equipment $101 million
Major state employer IBM might get screwed.
Source: US-China Business Council
#6 Illinois
$2.5 billion of exports to China last year
363% growth over decade
--machinery (except electrical) worth $508 million
--crop production worth $406 million
--waste and scrap worth $365 million
--computers and electronics worth $330 million
--chemicals worth $239 million
Major state employer Dyncorp might get screwed.
Source: US-China Business Council
#5 Oregon
$3.0 billion of exports to China last year
874% growth over decade
--computers and electronics $2.2 billion
--waste and scrap $185 million
--chemicals $142 million
--crop production $135 million
--machinery (except electrical) worth $84 million
Major state employer Hewlett-Packard might get screwed.
Source: US-China Business Council
#4 Louisiana
$5.4 billion of exports to China last year
411% growth over decade
--crop production worth $4.3 billion
--chemicals worth $650 million
--waste and scrap worth $138 million
--primary metal manufacturing worth $116 million
--processed foods worth $48 million
Major state employer Dow Chemical Co. might get screwed.
Source: US-China Business Council
#3 Texas
$8.9 billion of exports to China last year
513% growth over decade
--chemicals worth $3.6 billion
--computers and electronics worth $1.5 billion
--machinery (except electrical) worth $916 million
--crop production worth $703 million
--waste and scrap worth $565 million
Major state employer Dell might get screwed.
Source: US-China Business Council
#2 Washington
$9.1 billion of exports to China last year
379% growth over decade
--transportation equipment worth $4.1 billion
--crop production worth $3.3 billion
--waste and scrap worth $423 million
--computers and electronics worth $265 million
--minerals and ores worth $134 million
Major state employer Microsoft might get screwed.
Source: US-China Business Council
#1 California
$9.7 billion of exports to China last year
175% growth over decade
--computers and electronics worth $2.9 billion
--waste and scrap worth $2.1 billion
--machinery (except electrical) worth $925 million
--transportation equipment worth $824 million
--chemicals worth $758 million
Major state employer Oracle might get screwed.
Source: US-China Business Council
And there's another reason to worry about China...
Think Again On China: It's Really A Debt-Burdened Builder Of Bridges To Nowhere
Gregory White | Oct. 19, 2010,
China's economy may be the ultimate grey swan, according to investor Vitaliy Katsenelson.
Katsenelson is concerned China's enormous growth rates haven't been built on anything real, but rather a command economy ready to collapse.
That command economy has created cities and malls with no residents, based on a demand it manufactured itself. His thoughts dovetail nicely with the thinking of that other well-known China bear: Jim Chanos.
It's a powerful presentation, that also spells out the result of a Chinese collapse for the broader world economy. including a collapse in commodity markets.
Click here for the presentation > http://www.businessinsider.com/vitaliy-katsenelson-china-presentation-2010-10#-1
http://www.businessinsider.com/facts-abo....jor-commodity-1
China consumes 53% of the world's cement... and 48% of the world's iron ore... and 47% of the world's coal... and the majority of just about every major commodity
For all the crazy stories you've heard about China, the world's biggest country is going to keep blowing your mind.
The speed and size of economic development going in China right now has never happened before. In just ten years, a small emerging market has transformed into a geopolitical bruiser that can go toe-to-toe with Ben Bernanke.
Like it or not, China plays a critical role in the global economy from here out. Let's hope it doesn't crash.
China's economy grew 7 times as fast as America's over the past decade (316% growth vs. 43%)
China's GDP per capita is the 91st-lowest in the world, below Bosnia & Herzegovina
85 percent of artificial Christmas trees are made in China. So are 80 percent of toys
If he spent his ENTIRE YEARLY INCOME on housing, the average Beijing resident could buy 10 square feet of residential property
China has more pigs than the next 43 pork producing countries combined
Chinese consume 50,000 cigarettes every second
America's fastest "high speed" train goes less than half as fast as the new train between Shanghai and Beijing (150 mph vs 302 mph)
China's enormous Gobi Desert is the size of Peru and expanding 1,400 square miles per year due to water source depletion, over-foresting, and over-grazing
China has 64 million vacant homes, including entire cities that are empty
The world's biggest mall is in China... but it has been 99% empty since 2005
Nearly 10,000 Chinese citizens each year are sucked into unsanctioned 'black jails'
By 2025, China will build enough skyscrapers to fill TEN New York-sized cities
By 2030, China will add more new city-dwellers than the entire U.S. population
There are already more Christians in China than Italy
Chinese are almost twice as likely to believe in evolution as Americans
China executes three times as many people as the rest of the world COMBINED... and uses mobile execution vans for efficiency
When you buy Chinese stocks, you are basically financing the Chinese government. Eight of Shanghai's top ten stocks are government owned
Bonus: Chinese GDP could overtake the U.S. in less than 15 years
So what happens if China crashes?
China is getting angry as it becomes clear that the Ben Bernanke is committed to a weaker dollar.
How will they respond?
A trade war seems possible. Remember the rare earth export ban that followed a diplomatic dispute with Japan.
The following ten states export the most to China and have the most to lose, according to data from the US China Business Council
#10 Georgia
$1.8 billion of exports to China last year
442% growth over decade
--paper products worth $442 million
--processed foods worth $251 million
--waste and scraps worth $215 million
--transportation equipment worth $205 million
--chemicals worth $145 million
Major state employer Georgia Pacific might get screwed.
#9 North Carolina
$1.8 billion of exports to China last year
412% growth over decade
--computers and electronics worth $355 million
--chemicals worth $257 million
--nonmetallic mineral products worth $183 million
--crop production $133 million
--paper products $132 million
Major state employer Cisco Systems might get screwed.
Source: US-China Business Council
#8 Ohio
$1.9 billion of exports to China last year
541% growth over decade
--transportation equipment worth $364 million
--machinery (except electrical) worth $308 million
--computers and electronics worth $260 million
--waste and scrap worth $211 million
--chemicals worth $183 million
Major state employer Goodyear might get screwed.
Source: US-China Business Council
#7 New York
$2.4 billion of exports to China last year
214% growth over decade
--waste and scrap worth $736 million
--machinery (except electrical) worth $399 million
--computers and electronics worth $368 million
--chemicals worth $243 million
--transportation equipment $101 million
Major state employer IBM might get screwed.
Source: US-China Business Council
#6 Illinois
$2.5 billion of exports to China last year
363% growth over decade
--machinery (except electrical) worth $508 million
--crop production worth $406 million
--waste and scrap worth $365 million
--computers and electronics worth $330 million
--chemicals worth $239 million
Major state employer Dyncorp might get screwed.
Source: US-China Business Council
#5 Oregon
$3.0 billion of exports to China last year
874% growth over decade
--computers and electronics $2.2 billion
--waste and scrap $185 million
--chemicals $142 million
--crop production $135 million
--machinery (except electrical) worth $84 million
Major state employer Hewlett-Packard might get screwed.
Source: US-China Business Council
#4 Louisiana
$5.4 billion of exports to China last year
411% growth over decade
--crop production worth $4.3 billion
--chemicals worth $650 million
--waste and scrap worth $138 million
--primary metal manufacturing worth $116 million
--processed foods worth $48 million
Major state employer Dow Chemical Co. might get screwed.
Source: US-China Business Council
#3 Texas
$8.9 billion of exports to China last year
513% growth over decade
--chemicals worth $3.6 billion
--computers and electronics worth $1.5 billion
--machinery (except electrical) worth $916 million
--crop production worth $703 million
--waste and scrap worth $565 million
Major state employer Dell might get screwed.
Source: US-China Business Council
#2 Washington
$9.1 billion of exports to China last year
379% growth over decade
--transportation equipment worth $4.1 billion
--crop production worth $3.3 billion
--waste and scrap worth $423 million
--computers and electronics worth $265 million
--minerals and ores worth $134 million
Major state employer Microsoft might get screwed.
Source: US-China Business Council
#1 California
$9.7 billion of exports to China last year
175% growth over decade
--computers and electronics worth $2.9 billion
--waste and scrap worth $2.1 billion
--machinery (except electrical) worth $925 million
--transportation equipment worth $824 million
--chemicals worth $758 million
Major state employer Oracle might get screwed.
Source: US-China Business Council
And there's another reason to worry about China...
Think Again On China: It's Really A Debt-Burdened Builder Of Bridges To Nowhere
Gregory White | Oct. 19, 2010,
China's economy may be the ultimate grey swan, according to investor Vitaliy Katsenelson.
Katsenelson is concerned China's enormous growth rates haven't been built on anything real, but rather a command economy ready to collapse.
That command economy has created cities and malls with no residents, based on a demand it manufactured itself. His thoughts dovetail nicely with the thinking of that other well-known China bear: Jim Chanos.
It's a powerful presentation, that also spells out the result of a Chinese collapse for the broader world economy. including a collapse in commodity markets.
Click here for the presentation > http://www.businessinsider.com/vitaliy-katsenelson-china-presentation-2010-10#-1