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The Soon Coming Judgment Of God Upon America and How To Escape It 260
The largest military in the world and the most rapid military arms buildup in history takes
cash, lots of cash. China’s cash comes from her export industry and favorable balance of trade
with her trading partners. Industry in China, which produces the goods for export, is the result of
western capital, technology, and partnerships with western multinationals and direct foreign
investment in China. Of these western nations, the US has been the most helpful. During the
administration of President Bill Clinton, China was granted Most Favored Nation trading status
and under the administration of President George Bush, approval was made for this trading status
to become permanent.
According to Harry Wu, China’s Most Favored Nation trading status “fattens the Chinese
military machine, bolstering the ability of the Chinese People’s Liberation Army to wage war on
the U.S.”
1033
Wu spent almost twenty years in a Chinese Prison as a dissident. He is now an
American citizen. He has written several books exposing China’s human rights violations
including their Laogai slave labor camps where they produce much of their goods that are
exported to the West. Wu has further stated:
China has lots of money to buy weapons because of her trade with
Western businessmen. This is crazy….
The Chinese military is using our money to buy weapons – submarines,
ICBMs and fighter jets. Imagine what the PLA will have ten years from now.
Chinese spies are all around America, especially Washington, D.C. The PLA has
stolen all kinds of equipment from America, including night-vision scopes. The
FBI and CIA know this. It is an open secret….
[America and the West are] supporting the Chinese military machine….
The majority of money from trade and investment with the West is not
going to better the lives of ordinary Chinese citizens. Rather, the majority of the
money is going to the Chinese government in order to upgrade their military...
1034
Some revealing statistics on US and other Foreign Direct Investment (FDI) in China are
as follows:
China had “virtually no foreign investment before 1979.”
1035
“China in the last few years has been the largest developing country host of FDI, and the
second largest in the world (only after the US).”
1036
The number of US multinational affiliates in China grew from 64 in 1989 to 350 in
1998.
1037
Between 1990 and 1997, FDI in China grew by more than 1,200%.
1038
According to the US State department: “In 1997, U.S. foreign direct investment in China
was $5 billion, primarily concentrated in the manufacturing, energy, and financial
sectors. U.S. actual and contractual foreign direct investment in China for 1998 stood at
$3.2 billion and $5.1 billion respectively, matching 1997 levels.”
1039
Total US direct investment in China was $354 million in 1990 but nearly hit $500 million
for the year 1993 alone. By 1997, total US direct investment in China exceeded a
staggering $5 billion; by 2000 $11.1 billion; and by 2004 $15.4 billion.
1040
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