Chinese President Hu Jintao visits Washington this week as President Bush and Congress gear up to push trade penalties on China. Jim Trippon, editor-in-chief of the China Stock Digest says that “Instead of Demonizing China, American Politicians should be dancing a Conga Line because of China’s embrace of American style Capitalism.”

Houston, TX (PRWEB) April 17, 2006 -- Chinese President Hu Jintao visits Washington this week as President Bush and Congress gear up to push trade penalties on China. Jim Trippon, editor-in-chief of the China Stock Digest asks "What are they thinking?" Click Here to subscribe to Jim's free e-zine "China Market Week.


From 1948 and 1987, America spent over $6.5 trillion to fight the Cold War, according to the Cato Institute. "The U.S. won that war in 1987 when China adopted capitalism" says China expert Jim Trippon. Instead of Demonizing China, says Trippon, "American Politicians should be dancing in a Conga Line because of China's embrace of American style capitalism." Trippon says "Congress and the President are being "bad winner's"."

The U.S. trade deficit has reached an all time high of $726 (B) Billion, and the majority of that deficit is due to America's import of foreign oil. Trippon points out that "although $202 (B) Billion of the U.S. trade deficit is with China, since 1997, U.S. exports to China have soared by 145%." China Stock Digest Editor-in-Chief Jim Trippon says, "American exports to China have been growing at a rate that is seven times faster than U.S. exports to the rest of the world. This is not a time to start a trade war with the Chinese. This is a time to continue our strong export growth to Asia and begin to trim our bloated trade deficit."

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