Growth5 Blog

Thursday, February 25, 2010

Getting to Know Our Banker

We've written a bit about our country's #1 banker, China, over the last year:
Nose / Spite / Face
A Different Perspective
Gaining Ground
This is the country/bank that holds a decent part of our financial future in their hands. We should get to know them better.

On Tuesday, Business Insider posted this informative piece, 15 Facts About China That Will Blow Your Mind. "Facts" might be too strong a word because some of these are predictions... Nonetheless, I've listed the 15 items below, you should check out the article for interesting charts, graphs and supporting info.
1. By 2025, China will build TEN New York-sized cities.

2. By 2030, China will add more new city-dwellers than the entire U.S. population.

3. China already consumes twice as much steel as the US, Europe and Japan combined.

4. If the Chinese, one day, use as much oil per person as Americans, then the world will need seven more Saudi Arabias to meet their demand.

5. There are already more Christians in China than Italy, and China is on track to become the largest center of Christianity in the world.

6. Chinese are far more likely to believe in evolution than Americans.

7. Chinese internet users are five times as likely to have blogs as Americans.

8. China has 150% more soldiers than America does, plus a high tech 'Kill Weapon' the U.S. can't deal with.

9. China still hasn't rid itself of Europe's medieval plague.

10. 40% of Chinese small businesses went bust or almost went bust during the world financial crisis.

11. China executes three times as many people as the rest of the world COMBINED... and uses mobile execution vans for efficiency.

12. China averages 274 protests PER DAY.

13. When you buy Chinese stocks, you are basically financing the Chinese government. Eight of Shanghai's top ten stocks are state-controlled arms of the government.

14. 50% of counterfeit goods come from China.

15. The majority of Chinese drink polluted water.

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