Is China the Next Superpower

Is China the Next Superpower?

The Chinese have long seen themselves as superior to every other race and the center of the world. It’s because they were so confident of this, that historically they never ventured out much or as often as the Europeans did.

Well, that is with a brief exception during the 15th century when they had a fleet of gigantic ships, vastly superior to those of Europe and they ventured as far as Africa and some say they even went as far as America, before Columbus.Is China the Next Superpower

However, since dropping the ball on world conquest back then, or at least exporting their culture wholesale, it was the Europeans that came to China looking for opportunities and consequently it was the Chinese who were on the receiving end of whatever Europe dished out.

The Chinese were happy to sell to, but not to buy from the European traders and eventually this imbalance of trade caused resentment from the Europeans who were wanting reciprocal trading which eventually resulted in the infamous Opium Wars, of the late 1800’s which were about creating a market for narcotics and resulted in foreign soldiers running around the Chinese countryside.


Just as the Chinese resented the (“foreign devil“) for taking over places like Hong Kong, Macau, Shanghai, and numerous other enclaves back then and they have a long memory of that humiliation. The Chinese today resent the U.S. government parading its aircraft carriers off the China coast as if they owned the place.

The U.S. government may feel like it can call the shots now because it has a dozen aircraft carriers and a couple of thousand fighter planes. But times have changed since the early 19th Century, and the U.S. government is not showing strength, it’s displaying arrogance and stupidity by antagonizing what may well turn out to be a sleeping dragon.

An Enemy

It could be making a serious enemy with a country that now has serious wealth and modern technology.

Unlike the China of early times which was isolated and insular, modern day China is vibrant and relatively advanced, and at the end of the day, any war will go to the country with the most wealth. Not the one that has the most expensive military hardware. A modern day war with a country like China would certainly bankrupt America.

 The Future in ChinaIs China the Next Superpower

Putting thoughts of war aside, there are dozens of likely scenarios as to what might happen in China over the next few decades and although I am not going to pretend I can predict which one is the most likely to occur. However, the trend that seems the most credible is the rapid rate of wealth increase in China.

I would never credit any official government figures with any accuracy, (because all Government lie – some more than others) but if we were to assume them as being right, then the U.S. economy is growing at 2%, and China’s at about 7%.

Now add to that China has about four times the population, then this means that the largest economy on the planet may soon no longer be the U.S.A, but China. (For more on this you may wish to view my other post here)

China vs. the U.S.A

The US has been the worlds largest economy for more than 140 years since overtaking Britain in 1872 and is currently 22.4% of Global GDP. Other statistics are below;

  • Cash Reserves: China has US$3.2 Trillion vs. America US$434Billion
  • Total GDP: China US$10.36Trillion vs. America US$17.42Trillion
  • GDP per Person: China US$14,600 vs. America US$44,888
  • Average Income: China US$7,593 vs. America US$54,629

Of course, the average American will still be living far more comfortably than the average Chinese in that he’ll still have a bigger house, more gadgets, cars, and consumer goods. But if look at China vs the U.S.A, he will have considerably less investment capital and savings, and there will be far more Chinese, with substantially more wealth than many wealthy Americans.Is China the Next Superpower

The Chinese people save over half their income and invest in real estate, even though they don’t own the actual land (since 1949 it’s been leased for 70 years from the government) Nevertheless home ‘ownership‘ is high (at 90%) compared to the U.S where it is just 64%.

Also, most Chinese households have a major proportion of their assets in real estate vs. 27.9% in the U.S. As the incomes in China have increased so has real estate values have gone up. In Shanghai, for example, it has increased 560% since 2000.

Also, the Chinese are buying up expensive real estate all around the world and as a result, have become the leading buyers in cities like Sydney, Singapore, L.A., San Francisco, New York, Vancouver, and London. In 2014, they accounted for around $22 billion or some 24% of the total real estate purchases in the U.S.

 Why China has More Growth 

It has nothing to do with the Chinese Government, which has actually hindered the Chinese economy. Apart from Deng’s liberalization of the economy back in the 1980’s and the restarting of trade with the west, which was responsible for its decades of remarkable growth. There are other reasons for its economic growth.

One is that Chinese culture is ingrained with the Confucian work ethic, which is exploited by the Chineses government in its efforts to grow the economy, but nevertheless, this work ethic is similar to the Protestant work ethic that helped the West get where it is now.Is China the Next Superpower

Another is the sheer number of people that share a common culture and language. Upwardly mobile Chinese are learning English, the world’s business language, as well as learning their language. So they can access everything from the West, yet very few people in the West, learn Chinese, making it hard to reverse the flow.

Also, just as other people from a given culture tend to prefer associating and doing business with themselves, for example, the Jews, blacks, Arabs, Irish, Italians, etc., the same is true of the Chinese. And they a much larger than any other cultural grouping so from a financial point of view this means that business opportunities are largest within this group.

They are Smarter

Also the Chinese on average is smarter than Westerners and have a higher I.Q (105 vs.100) As an example Chinese children need to learn 3000-5000 different characters to write and read Chinese and spend much more time is school. Whereas western children only need to know 26 letters of the alphabet to read and write and some even struggle to do that. So perhaps that explains why the Chinese tend to do better academically and prosper in business all over the world, once they get out from under the Chinese Governments control over them.

Here’s Another ThingIs China the Next Superpower

Take an American and a Chinese, each with a dollar. Say both are equally smart and hardworking, and each can double his dollar every year, 2, 4, 8, 16… The only difference is that the American pays 35% – 50% in taxes and the Chinese pays almost nothing by comparison because the state provides almost nothing.

In China, you pay for almost everything, education, medical care, to use the roads, to visit a park. There is no sense of entitlement, they are brought up to pay their own way through life, nothing is free, and credit is not easy to get. 

Whereas the average American has been so brainwashed that he thinks he has a moral obligation to give the government whatever it asks for; he thinks it’s dishonest or he’s cheating if he puts his own and his family’s welfare above the demands of the State. At the same time, he thinks the State has a moral obligation to provide for his health, education, welfare, and retirement.

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Chinese Style Clothing for Women

buying clothes from China

If you are considering buying clothes from China, particularly Chinese traditional clothing then this article is for you. It is alway difficult finding a trustworthy supplier and one that consistently provides a quality product. There are many horror stories and unless you have confidence in your supplier it may all be too overwhelming. Fortunately, I can help you and point you in the right direction.

Chinese Traditional Clothing

Chinese Style Clothing for Women

Ming Chongzhen

China’s traditional clothing was characterized as magnificent.

A Characteristic of traditional Chinese clothing was that not only was the clothing an external expression of elegance but each and every piece communicated a sense of external form and contained an internal symbolism of meaning. Colour and images carried meaning.

Today’s clothing 

Chinese people like the red color. the red color indicates happiness, success, unity. Today’s China’s fashion designers use a mixture of traditional and modern ideas to create new fashions.Chinese Style Clothing for Women

These new fashions also incorporate age-old motifs such as guardian deities, lions, and masks of Chinese opera characters. Another source of printed, woven and embroidered design for clothes. Some of the distinctive designs include dragons, phoenixes, clouds, flowers and lighting. These often dominate Chinese clothing style for women.

Men’s Clothing

In modern day society, Chinese men can be seen at social occasions wearing ceremonial clothes in two varieties on formal occasions, The dignified and refined traditional Chinese long gown and the SunYat-sen’s uniform, which is a blending of fashion elements from the East and West and was once hailed as the “State Suit”.

Sun Yat-sen introduced the style shortly after the founding of the Republic of China as a form of national dress although with a distinctly political and later governmental implication. Chinese Style Clothing for Women

After the end of the Chinese Civil War and the establishment of the People’s Republic of China in 1949, such suits came to be worn widely by males and government leaders as a symbol of proletarian unity and an Eastern counterpart to the Western business suit.

This “State Suit” or Chinese tunic is a style of male attire traditionally known as the Zhongshan suit and later as the Mao suit (after Mao Zedong).

The name “Mao suit” comes from Chinese leader Mao Zedong’s fondness for wearing them in public, so that the garment became closely associated with him and with Chinese communism in general in the Western imagination.Chinese Style Clothing for Women

In the 1960s and 1970’s, the Mao suit became fashionable among Western European socialists and intellectuals. It was sometimes worn over a turtleneck. 

Although they fell into disuse among the general public in the 1990s due to increasing Western influences, they are still commonly worn by Chinese leaders during important state ceremonies and functions.

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How to Teach English in China

Teaching Jobs in China

Today China is emerging as a global financial force, and as English is the established global language of commerce, a primary focus of the Chinese government is improving English competency amongst its citizens.

How to Teach English in China

That’s me having FUN teaching in China

They say that as many as 400 million Chinese people are studying English, which is one-third of the country’s population, and the value of the English-training market is estimated to be US$4.5 billion annually.

This offers excellent opportunities for those interested in teaching English in China or indeed those wanting to know how to teach English in China.

The English language market is growing fast, and many new positions are becoming available for those wanting to teach English in China.

It can be an interesting Experience.

Mostly the people in China are friendly, and they treat you like someone special and will go out of their way to smile and say hello to you.

I remember in my first year teaching, way up north in Changchun, Jilin province, where they were not used to seeing foreigners and sometimes the people would stop and stare at you, even come up and walk around you, almost touching you, especially young children. People would even give up seats on buses for you so they could get a better look at you.

How to Teach English in China

So much Delicious Food

Others would take photos with their phones and groups of teenagers would want photos and selfies with you.

Restaurant owners would want you to come in and they would seat you by the window and insist upon giving you your meal for free to get you to come back again and be seen by their customers.   

These are not the sort of things that go in major cities like Beijing or Shanghai, as foreigners are a dime a dozen there, but it certainly makes for an interesting experience in the not so popular cities and lesser known locations.

It could even be a little intimidating being treated like a rockstar and having people stare at you out of curiosity, although for me having experienced a little momentary fame in a past life, I was amused by the attention I received just for being a ‘foreign’ person. 

China at a Glance – Quick Facts

How to teach english in chinaChina is considered to be one of the longest continuous civilization in the world and one out of every five people in the world is Chinese. They invented paper, the compass, gunpowder, and printing. 

China consumes twice as much steel as the US, Europe and Japan combined and had recently undergone massive infrastructure development, and its economy has been among the strongest performing in the world over the past few decades.

Capital: Beijing

Population: 1,339,724,852 China is also the fourth largest country in the world.

Language: Mandarin Chinese

Currency:   Renminbi (yuan)  (¥)

Climate:    Varied: wet/dry seasons

Government:   Nominally Marxist–Leninist single-party state.

Religion:           Buddhism, Taoism

Time Zone:       Despite its size, China has only one, time zone.

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Learn and Make Money Online

Learn and Make Money Online

How?  Easily, by understanding the global economy and how it affects your ability to make decisions that will make you money online. 

China’s recent stock market decline and subsequent devaluation of the yuan. Sent shock waves throughout the financial world, as it showed that China would allow its currency to devalue, when usually it is pegged to Learn and Make Money Onlinethe US dollar at around 6 to 1. 

The fact that the Government’s using financial levers to stabilize its economy, is a sure sign that things are about to get a whole lot worse.

By devaluing its currency (around 3% against the U.S. dollar) the country’s exports becomes cheaper for the rest of the world and as products become cheaper more interest is shown by purchasers and as China has an export based economy that would be a good thing. But it may be a case of too little, too late.

Other CurrenciesLearn and Make Money Online

However most other currencies have fallen much further against the U.S dollar. Since 2014, the New Zealand dollar is down over 25% and the Australian dollar has dropped more than 30% since 2013.

The Mexican peso has fallen 28% and the Canadian dollar is down 31%, since 2001.Learn and Make Money Online

In Canada’s case this was mostly due to the fact that the Canadian economy has gone into recession because of the low price of Oil.

As a major oil exporter and the world’s fifth-biggest producer, oil made up 27% of exports last year. Last month, the Canadian dollar hit an 11-year low against the dollar.

More recently the Brazilian real has lost 23% and the Russian ruble is down 16%. As a group, Asian currencies are at their worst exchange levels since the ‘financial crisis’ of 1998, the Malaysian ringgit is down 14% and the Indonesian rupiah 9%. In fact most emerging market currencies are at their lowest levels since 2002.

This has come about as a result of virtually every government irresponsibly printing money and calling it fancy names like Quantitative Easing (Q.E). What this means is that they are creating billions of new notes, euros, pesos, dollars and yen every day and injecting them into their economies. This makes their currencies worth less as more go into circulation and it actually steals wealth from the very people they pretend to serve.

A Strong Dollar

Comparatively the U.S. dollar has gained about 20% vs. other major currencies during the last year. Even though the  U.S. used ‘Q.E‘ to print Trillions of dollars from 2008-2014. Now for the time being it has stopped and the current, U.S. monetary policy is “less printing” than other major players, like Europe and Japan, the dollar appears to be stronger.Learn and Make Money Online

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How to Work Online from Home

How to work Online from Home

How to Work online from home comes down to choice and motivation. The choice is yours, the motivation and the ‘how‘ I will give you with this post.

I have written before about the Government being the biggest problem for the people of the world when it comes to wealth creation”.

That they are not the benefactors they pretend to be.

They are actually detrimental to your economic well-being and it’s time for you to take personal responsibility and create your own online business to save yourself from their mismanagement. 

“If the most ‘Controlling Government‘ in the world can’t save its economy from ruin. What hope does your Government have?

Let me explain…

Using China as an example. The Chinese stock markets lost more than 3 trillion dollars in less than a month, following a strong bull market, that had risen 152% over a twelve month period up until June 2015, before China’s two biggest stock markets plummeted. 

How to Work Online from Home

Bubbles always burst much faster than they grow and after expanding for over a year, Chinese stocks crashed 35% in three weeks meaning that Chinese companies lost $3.2 trillion worth of value in less than a month.

A stunning loss of wealth and to put this in perspective that’s double the size of the entire stock market of Australia. Yet even though the drop is huge the Shanghai Index is still up 71% from a year ago, so it still has further to fall.

Why do these things happen? (More about that soon...)

Not the First Time

What you may not remember was that China led the global collapse in 2008 when the stock market ‘bubble’ at that time saw a massive rise in just two short years before suddenly dropping 72%. So recent events are not the first time the Chinese stock market has imploded.

In Response 

In response to the meltdown in 2008 the government (in line with Keynesian economics) pumped Trillions into their economy, building thousands of apartment blocks, commercial buildings and developing infrastructure, massively ‘overbuilding’ basically everything. 

Resulting in having real estate and industrial capacity 12 to 15 years ahead of demand.They did this to stimulate their economy and to provide jobs for half a billion people who had moved from rural areas to urban cities looking for work. 

Increased GDP

This government funded real estate construction program, artificially boosted the economy and drove up the country’s GDP – making the communist economy look successful as they weathered the global economic meltdown, becoming the envy of the western world. Despite creating a huge hidden real estate bubble.

This unprecedented overhaul of their economy had actually been going on for decades, but really only got traction from 2009 and after five years the Real Estate market began to slow as the number of unsold properties mounted in the face of continued overbuilding and weakening demand.

Economic growth began slowing, home prices were deflating and local governments are facing a potential debt crisis from all this massive building being undertaken with borrowed funds.  

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