What the Chinese are buying
Posted by zbigniewmazurak on August 2, 2008
I have already written a few blog posts and a few mag articles, as well as several AT comments, about what the Chinese are buying with the dollars they earn for their exported goodies. However, a new blog post was necessary, to include additional information. I’ve decided that the more info I publish, the better.
China is the #1 exporter in the world, having surpassed Germany in 2007. The annual Chinese global trade surplus is $315.7 bn as of 2007. America’s annual global trade deficit is $816 bn as of 2007. America’s annual trade deficit vis-a-vis China is $250 bn as of 2007. What do the Chinese spend their cash on? Weapons.
The Chinese are now developing XXJ fighterplanes, which will be as good as F-22s. America must therefore produce hundreds more F-22s. I have not checked if F-14s (which have been retired but could be recommissioned), F-18s or F-15Es could defeat XXJs.