National Media Misses the Mark on China President’s Visit, According to China Business Expert
China Stock Digest Editor-in-Chief Jim Trippon observes that the national media continues to demonize China despite facts indicating that what is good for the Chinese economy is great for the American economy.
Houston, TX (PRWEB) April 21, 2006 -- From Lou Dobbs to national newspapers, bashing China is in fashion this month, according to China investment expert and editor-in-chief of the China Stock Digest, Jim Trippon. Click Here to subscribe to Jim's free e-zine "China Market Week. China's President Hu Jintao, who met with George Bush yesterday, has not been well received by the American press. An article in yesterday's Los Angeles Times stated, "Our growing national debt to China is a national security issue. Countries such as China that own our debt will soon not only be making our toys, our clothes and our computers, they will be making our foreign policy."
"How could they be so wrong?" , Trippon asks.
The U.S. trade deficit has 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%. "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."Trippon says. This is not a time to start a trade war with the Chinese. This is a time to continue our strong growth in U.S. exports to China and trim our bloated trade deficit."
While China remains a Communist country, President Hu Jintao and his staff embrace an American style capitalistic approach to business. Trippon points out that from 1948 and 1987, America spent over $6.5 trillion to fight the Cold War, according to the Cato Institute. "The U.S. won the Cold War with China in 1987 when China adopted American style capitalism" says Trippon.
Trippon, whose brother John just returned from combat duty as an infantry officer in Iraq, finds irony in the fact that the media 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.
"The American media has a very bad habit of trying to use scare tactics to affect change. For the sake of the county and for the sake of our economy, let's hope that this time they are not successful." says Trippon.
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.
For a podcast on this story click the link at the top right corner of this page.
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 www.chinastockdigest.com or contact Amal Zaid at (713) 661-3806.
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