China is going for world economic dominance. And Free Traitors™ give us economic “theory” as justification.
The Chinese have been trying to corner the world steel market for the past 15 years. Check out the statistics in this document:
World steel production has practically doubled since 2002, with most of that increase being Chinese. The Chinese now produce in excess of 800 million tons of steel annually, and had a stated goal of ONE BILLION tons annually. They now produce almost half of the world’s steel. Japan is the second largest steel producer, but only manufactures about 110 million tons. The United States is still one of the world’s largest steel producers at 80 million tons, but we only produce one-tenth of what China produces.
China is basically trying to put all other steel producers out of business and establish a world monopoly on steel production. To say they have an excess capacity is an understatement. But it’s not an excess capacity if no one else produces steel. One of my college roommates works in the steel industry in northwest Indiana. Two years ago he told me their industry outlook was poor as they just couldn’t compete with the Chinese.
Oh, and here is another thing to consider. It takes about a ton of coal and a ton of ore to produce steel. China added about 700 million tons of steel production in the past 15 years; what does that translate into for the world consumption of coal? That tells me that the Chinese have absolutely no intention of abiding by any sort of environmental treaty with which they intend to shackle the rest of the industrial world.
Now why aren’t the American environmental groups screaming their heads off about the Chinese coal consumption? Because the Chinese aren’t paying them to hamstring Chinese industry, only American industry.