ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

China is Buying America, Pt. 2

Updated on March 28, 2009

Everbright Development. Think it's American? Thank again. It is a Chinese investment firm that was part of a bidding war to buy the over 100 years old reknowned clothing department store chain, Gottschalks. Based in California, the chain employs over 5000 in its 58 stores across the West. Like many retail stores, the economy has hit hard and forced many to file for bankruptcy. These are major store chains closing down, not small mom and pop stores.

In my previous hubpage post, China is Buying America, you know that China has the US by its economic throat by holding America's debt in their hand through treasury notes and bonds. If it were not for China, America's position as some economists have noted, would be dire.

You may not give a hoot about this. Life goes on. But with huge investment companies with American sounding names that are really Chinese now buying many of America's retail store chains, you should be. Right now, the Chinese Shandong Commerical Group owned by the Chinese govenment is the only one that can save Gottschalks. The other bidders trying to obtain it would simply liquidate their assets and over 5000 would be unemployed. Everbright was willing to spend $30 million to save it and own it.

The question to worry about is why is China doing this? If America and China part ways in the future, there is one answer: China would play its economic warfare card, sell it all, demand payment of their loans, forcing the economy to nosedive. Now, add this card with some sort of military confrontation that escalates rapidly and spins out of control and the combination of the two would be crippling, not just for the US, but the World.

It is not as remote as it sounds. China has already hinted that it was concerned about America and how it is handling the economy, i.e., their investments. The political power China has is real, but many in America are in denial about it. China can dictate how America might act in certain situations since they own our debt in the trillions.

Of course, many say that China's greatest consumer market is the USA. So, they would never be so cruel. People- they remain a communist country with islands of freedom zones so they can achieve economic strength. This allows them to devote a lot of resources to their military, which is the fastest growing in the world. If they reach some goal and start to use that military and economic strength, the World is in danger. The Chinese and the West have only been buddies since the mid 80s, prior to that, it was the opposite.

If you think the Chinese government does not have a plan, a motive that is not benign, then, it is wishful thinking. Once they reach whatever economic goal they have, that is when their real motives will become apparent. They are no longer the Great Sleeping Dragon.


    0 of 8192 characters used
    Post Comment

    • m76gmm profile image


      7 years ago

      its a global situation. No other option but constructing an entity as large as China

    • Tom Cornett profile image

      Tom Cornett 

      9 years ago from Ohio

      China has become the wolf at the door and we had better feed it or we will have to fight it. Good hub....Thanks!


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)