Epiphany

Celente on China’s rise, America’s decline

buy, sell China

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Zhu Difeng / Shutterstock
China’s manufacturing production lines put it on the fast track to being the master of economic globalization.
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Global forecaster Gerald Celente and his Trends Research Institute identified and have for years tracked the “Buy, Sell China” trend. While China has the world’s largest population, unlike the Made-in-USA multicultural label and pro-military-industrial-complex spending, China’s investors and its government seek innovation.

Across the investment spectrum, China either drives innovation, especially in technology realms, or buys what it needs more of, or can’t invent or make.

From robotic firms to real estate, from farmland to pig farms, from Cape Point in South Africa to Cape Horn in Chile… despite government attempts by Germany, the US, Australia and other countries passing laws to slow them down — and despite Chinese government restrictions on currency outflows… China’s buying binge may be slowed at times, but it will not be stopped.

Celente breaks down what China’s rise means to the new world order.

What does the rise of China mean for US global dominance?

Dominance in what?

China is building its One Belt One Road Initiative. America is building its pivot to Asia war strategy.
The business of China is business. The business of America is war.

President Xi Jinping made it perfectly clear at the 19th National Congress of the Communist Party of China that the country must focus on the economy. He said the state will invest capital to turn Chinese enterprises into world-class competitive firms.

Politicians lie, but numbers don’t. Take a look at the decline of America and advancement of China. The trend is undeniable.

America’s middle-income household has shrunk from 61 percent in 1971 to 50 percent today. China’s grew from 5 percent in 2000, just before it joined the World Trade Organization, to nearly 35 percent today.  

China is investing in its future. From high-tech to new electric vehicles, to speeding up the development of the internet plus advanced manufacturing and innovation enterprises, to foreign acquisitions of ports, industries and airports to the One Belt One Road Initiative, China is on the fast track to become the master of economic globalization.

Listen to what Xi said at the National Congress meeting. He pledged to increase modernization and improve people’s ever-growing needs for a better life, for a strong, culturally advanced, harmonious and beautiful nation.

You never hear words such as “culturally advanced,” “harmonious” and “beautiful” spoken by US politicians. Compare Xi’s vision to President Donald Trump’s massive budget request for the “greatest military buildup in American history.”

Trump has lived true to his pledge with expansion of wars throughout the Middle East, Afghanistan and Africa. On the other hand, Xi, putting the Chinese economy first, said modernization of national defense and armed forces should be completed in 2035. 

Thus, with the business of China being business, and the business of America being war, the 21st century leader of global economic/cultural dominance will clearly be China if the US stays on its war path.

Can the US lose its status as the world’s largest economy?

China is already the world’s largest trading nation. And with the US suffering a $350 billion trade deficit, President Trump has called it “the greatest theft in the history of the world.”

Should China’s annual Gross Domestic Product continue to climb at the current 6.5 percent to 6.9 percent growth rate, and the US slogs along in the 2 percent to 2.5 percent range, not only will China’s GDP overtake the US level by around 2026, China’s middle class, exceeding 50 percent by then, will also overtake the US.

Do you agree with PricewaterhouseCoopers’ prediction that China’s and India’s economies will exceed the US’ by 2050?

Yes, if the current trends continue and there are no unforeseen wild cards dealt by Mother Nature or mankind.

Can the US do anything to stop China’s momentum?

What America has that China does not is a diversified ethnic society. At one time, that was its strength. The broad array of cultural qualities directed toward national advancement in the once Land of Opportunity enhanced its unique creative spirit. Now, as we have documented in our Trends Journal, America has devolved from the United States to the Divided States, entrenched in identity politics.

For America to advance economically beyond China, it must unify for the common good; encourage entrepreneurism by reversing trends that favor Wall Street, large corporations and monopolization; and redirect the nation’s resources away from building a bigger war machine and foreign entanglements to investing in We the People on the home front.    TJ