[quote](CNN) – For the past several years China has been on a spending spree. Chinese companies are working with their government to acquire assets all over the world. Things like technology companies, banks, ports and real estate.
But last week's announcement that a Chinese meat producer had agreed to buy Virginia-based Smithfield Foods raised more than a few eyebrows. That's because Smithfield is the world's largest processor of pork, selling ham, hot dogs and bacon under popular brand names like Armor and Farmland.[/quote]
[url]http://cnnradio.cnn.com/2013/06/04/chinas-buying-spree/?hpt=us_bn2[/url]
global quasi-war of economic interest between two superpowers woo
I for one welcome our new Chinese Emperor overlords.
Come on U.S.A Step up your game. I'd much rather live under your reign of terror. At least the food would be better.
[QUOTE=darcy010;40942385]Come on U.S.A Step up your game. I'd much rather live under your reign of terror. At least the food would be better.[/QUOTE]
I was born and raised American, and I think our food sucks ass. If you think it's better, I am sincerely sorry for whatever you're eating now.
[editline]7th June 2013[/editline]
Also in the article:
[quote]But last week's announcement that a Chinese meat producer had agreed to buy Virginia-based Smithfield Foods raised more than a few eyebrows. That's because Smithfield is the world's largest processor of pork, selling ham, hot dogs and bacon under popular brand names like Armor and Farmland.[/quote]
:v:
It'd be near impossible for the U.S. to win this kind of war (if it became an actual one and not just media scare-mongering) due to the nature of how the U.S. works. In China, the government controls businesses. In America, the businesses control government. That means that as long as American companies make money, they'd be less inclined to fight this kind of battle.
"That's because Smithfield is the world's largest processor of pork"
isn't china one of the leading producers of pork anyways? how is that out of character or odd for them?
[QUOTE=tinhead50;40942423]It'd be near impossible for the U.S. to win this kind of war due to the nature of how the U.S. works. In China, the government controls businesses. In America, the businesses control government. That means that as long as American companies make money, they'd be less inclined to fight this kind of battle.[/QUOTE]
So long as Chinese firms don't start seriously competing with American ones, especially in North America.
It's... almost as if we live in a global capitalist society... strange how it's being bought up like that. Huh. Who would have thought.
[QUOTE=Emperor Scorpious II;40942432]So long as Chinese firms don't start seriously competing with American ones, especially in North America.[/QUOTE]
Competing includes stealing every possible design possible and drowning the competition in mountains of counterfeit/cheap products. China had that down to an art back in the 80's.
China vs. the jew world order. This could become interesting.
i have never seen someone in germany on the internet make a joke about jews
[QUOTE=Selek;40942183]I for one welcome our new Chinese Emperor overlords.[/QUOTE]
Chinese Emperor Overlords?
[IMG]http://images2.wikia.nocookie.net/__cb20070309185719/cnc/images/8/8f/Generals_Emperor.jpg[/IMG]
Well we're fucked then.
[QUOTE=Roof;40942577]i have never seen someone in germany on the internet make a joke about jews[/QUOTE]
Welcome to Facepunch
[QUOTE=Loriborn;40942182]global quasi-war of economic interest between two superpowers woo[/QUOTE]
will this mean Nasa gets funding again?
[editline]7th June 2013[/editline]
[QUOTE=Roof;40942577]i have never seen someone in germany on the internet make a joke about jews[/QUOTE]
I remember one time on a forum people were talking about how the financial sector was all corrupt, and some guy who was listed as from Germany said they were anti semitic :v:
I remember seeing a documentary (al Jazeera I think?) About China's involvement in Africa, and how almost everything on the east coast of Africa is aided or operated by China.
Completely blown out of proportion:
the GDP of the USA is 15T USD.
the GDP of the PRC is 7.3T USD.
total foreign direct investment in the USA totals only 139B USD, .0092% of the GDP of the USA.
84% of FDI in the USA is held by Switzerland, the United Kingdom, Japan, France, Germany, Luxembourg, the Netherlands, and Canada.
Regardless of all of this, the impacts of china holding 7% of the US FED debt, and the hypothetical scenario of China demanding payment on said debt would impact currency and commodity markets for the worse than the better. If anything, FDI of China in the US is a GOOD THING. It shows that they are not just after US land, and actually REDUCES THE PROBABILITY OF A LAND WAR. China does not want WAR with the US. War with the US would mean many very bad things that apparently many political and economic scientists can't get their tiny brains wrapped around.
Edit:
In a nutshell, so what if baby Chinese and other foreign corporations are investing in the US. American corporations are doing the same thing in other countries, and have greater protections domestically. If FDI ever started to get out of hand, it would be terribly easy to institute protectionist tariffs to profit off of foreign companies taking advantage of an economic and technological powerhouse.
It's not like these Chinese Corps. in the US are trying to undercut federal wage laws or anything. It's throwing back to the same sphere's-of-influence hogwash of the colonial times to think that colonialism has any sort of effect on economic globalization.
[QUOTE=Emperor Scorpious II;40942405]I was born and raised American, and I think our food sucks ass.[/QUOTE]
holy shit dude
American breakfast is like the best breakfast on earth
unless you've been suckling from the teat of god himself then you're mad
I don't even eat breakfast. Haven't for years. Lunch is my first meal of the day.
Does this also mean that if China collapsed, the world would uncontrollably enter a depression?
[QUOTE=pentium;40943071]Does this also mean that if China collapsed, the world would uncontrollably enter a depression?[/QUOTE]
I suspect if any major nation tied to the world's economy collapsed, there would be a global depression whether it be China, America, the EU, Russia, India or Japan.
[QUOTE=pentium;40943071]Does this also mean that if China collapsed, the world would uncontrollably enter a depression?[/QUOTE]
The world is globalized, so anything that happens in one place affects another.
Of course, the chances of such a catastrophic depression are unlikely, it would probably require something like a sustained population collapse.
Good thing there's the EU or Europe wouldn't have stood a single change against China's influence.
[QUOTE=ionuttzu;40943325]Good thing there's the EU or Europe wouldn't have stood a single change against China's influence.[/QUOTE]
Speak for yourself. They've already taken Greenland by workforce. I'm not even joking. as soon as it was discovered that anything of value could possibly be up there, the 60k drunkaholics went "fuck you Denmark, we're selling to China"
I'd say "after all we've done for them...!" but the truth is we've done jackshit and bad jokes for them.
-snip I suck at formatting-
[QUOTE=Bomimo;40943586]Speak for yourself. They've already taken Greenland by workforce. I'm not even joking. as soon as it was discovered that anything of value could possibly be up there, the 60k drunkaholics went "fuck you Denmark, we're selling to China"
I'd say "after all we've done for them...!" but the truth is we've done jackshit and bad jokes for them.[/QUOTE]
I thought Greenland isn't a EU member?
[QUOTE=Emperor Scorpious II;40942405]I was born and raised American, and I think our food sucks ass. If you think it's better, I am sincerely sorry for whatever you're eating now.
[editline]7th June 2013[/editline]
Also in the article:
:v:[/QUOTE]
Why are you eating the shit foods?
[QUOTE=darcy010;40942385]Come on U.S.A Step up your game. I'd much rather live under your reign of terror. At least the food would be better.[/QUOTE]
As unpatriotic I am, I have to admit, our food is pretty damn awesome.
As long as they don't buy a company to sell their water as spring water, I'll be fine.
[QUOTE=OvB;40942755]I remember seeing a documentary (al Jazeera I think?) About China's involvement in Africa, and how almost everything on the east coast of Africa is aided or operated by China.[/QUOTE]
Yeah I've heard stuff about that, how they build free roads etc. I feel like its just scare mongering and ignores the fact that western companies have dominated Africa for decades
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