The only thing worse than a sore loser... is a sore winner.
Houston, TX (PRWEB) April 16, 2006
Chinese President Hu Jintao visits Washington this week amid calls from Congress to impose trade restrictions on China's capitalist economy. Jim Trippon, editor-in-chief of the China Stock Digest says "America's Founding Fathers must be spinning in their graves" over Washington's recent move to penalize Chinese capitalist economic success.
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 capitalism." Trippon says "The only thing worse than a sore loser... is a sore winner." "Congress and the President", says Trippon, " are being "sore winners"." Click Here to subscribe to Jim's free e-zine "China Market Week.
The history of China's move to capitalism began with Deng Xiaoping's famous quote "It doesn't matter if its a black cat or a white cat, as long as it catches mice", which Deng used to usher in the economic reform which transformed China's economy from State control to Capitalism.
Trippon, whose brother John just returned from combat duty as an infantry officer in Iraq, finds irony in the fact that "politicians decry the loss of American lives to bring democracy to Iraq but refuse to celebrate the establishment of American style capitalism in China, which occurred without a single shot being fired."
Of course much of the debate is over the U.S. trade deficit which reached an all time high of $726 (B) Billion, $202 (B) Billion of which is with China. However, 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. It defies the law of common sense to start a trade war with the Chinese. This is a time to continue our strong growth and begin to trim our bloated trade deficit."
While China remains a Communist country, its leaders are embracing a more and more capitalistic approach to business. Trippon says, "It may be news to most American politicians, but fighting against trade with China is fighting against capitalism." It's time, says Trippon "for Washington politicians to stop being hypocrites and start celebrating the victory of capitalism."
Jim Trippon is America's foremost authority on China investing, using proven investing techniques and principles. A former Price Waterhouse CPA, who has worked inside China, Jim has invested in China's financial markets for years. His team of financial journalists is based in Hong Kong, Shanghai, Taipei, and Beijing. Jim serves as Editor-in Chief of China Stock Digest, from its offices in Hong Kong and Houston. Jim, a best-selling author and a member of the Shanghai Foreign Correspondents Club, is frequently quoted in the press and speaks at major investment conferences. His next speaking event will be in May, 2006 at the Las Vegas Money Show.
Click Here to subscribe to Jim's free e-zine "China Market Week." The China Stock Digest is a monthly publication that helps individual investors profit from China's rapid economic growth. Jim Trippon is available for expert commentary by request. For more information or to schedule an interview with Jim Trippon, please visit http://www.chinastockdigest.com or contact Amal Zaid at (713) 661-3806.
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