Will Detroit Be The First Major Chinese City In The United States?Michael Snyder Once upon a time, Detroit was the greatest manufacturing city in the history of the world and it had the highest per capita income in the entire country. But now it is a rotting, decaying, bankrupt hellhole that is in desperate need of a savior, and Michigan Governor Rick Snyder appears to be fully convinced that China can be that savior. To Snyder, encouraging foreigners to invest money and buy up properties wont cost the state government much, but it could potentially have great benefits In other words, Snyder wants China to save Detroit since nobody in this country is going to. Snyder has also taken a couple of additional steps to encourage immigration and foreign investment, including opening up something calledan Office for New Americans In essence, Snyder has done just about everything except roll out the welcome mat for the Chinese. But this is nothing new for Governor Snyder. In fact, he has been making overtures to China for years And when we talk about the Chinese domination of Detroit, this is not something that is just future tense. This is something that is already happening right now. For example, the following is an excerpt from a CNBC article that discussed how Chinese companies are already aggressively putting down roots in Detroit The transformation that has taken place in that region of the country is absolutely remarkable. 48 percent of the manufacturing jobs in the state of Michigan were lost between December 2000 and December 2010. Our trade deficit with China was largely responsible for that. And now we are relying on China to come in and salvage the ruins of our gutted economic infrastructure. Not only that, but the Chinese are also eagerly buying up homes at extremely depressed prices all over Detroit. According to CNN, Detroit is already number four on the list of the top 10 destinations for Chinese homebuyers. In many cases, Chinese buyers are scooping up properties without even looking at them first. Just check out what one Detroit real estate broker told Quartz last July And they arent just interested in Detroit. As I have written about previously, one Chinese company known as Sino-Michigan Properties LLC actually had plans to buy 200 acres of land near the little town of Milan, Michigan and turn it into a China City with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens. For much more on how Chinese buyers are gobbling up real estate all over the nation, please see my previous article entitled The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America. All of this is just another indication of how rapidly the global economic landscape is changing. Since the late 19th Century, the United States has been the most dominant economic power in the world. But now that reign is ending. Just recently, a new study released by the World Bank indicated that China is nowthe largest economy in the world in terms of purchasing power And a couple of years ago China passed the United States and become the leader in global trade. As the Chinese economy continues to rise and the U.S. economy continues to decline, the shift in global power is going to become even more dramatic. Yes, let us hope for the best for our failing economy, but you also might want to teach your kids to speak Chinese just in case. This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here. 