For Immediate Release

Jim Trippon, editor of the China Stock Digest, is available for interview, analysis and commentary on China and the future of America.

This article or quotations from it may be used with attribution and reference link to Jim Trippon's www.chinastockdigest.com.

Contact: Kelley Damiani 800-952-1099 email: kdamiani@trippon.com or simply hit reply to this email.

China Has U.S. in its Sights after Beating Japan, China Expert Jim Trippon Warns

“The United States will be next to face a challenge from China, and it will happen sooner than anyone thinks,” says Jim Trippon, editor of the leading investment newsletter, the China Stock Digest.

“I wasn’t surprised by the latest reports that China had beaten Japan to become the world’s number two economy. In fact we have been reporting since last Christmas that this historic moment was overdue.” Trippon says that with Japan’s stagnant economy there is no chance that China will fall behind in the race. “ China is leading the world with double-digit growth while countries like Japan and the U.S. are struggling to eke out two percent economic expansion,” he added.

Trippon’s comment followed reports from the Japanese Cabinet Office that Japan’s gross domestic product for the second quarter totaled $1.288 trillion, considerably less than China’s $1.337 trillion.

“Signs of China’s emerging global dominance are appear in many sectors of the world economy”, Trippon pointed out. “ China overtook Germany last year to become the world’s largest exporter. The Chinese now have the world’s largest automobile market, knocking the U.S. out of its traditional lead. And China even leads the financial world with the largest number of IPOs (Initial Public Offerings) and it had the world’s biggest IPO ever this month with Agricultural Bank.” Trippon explained.

“Beating Japan is just a milestone, marking a trend we have followed for years at the China Stock Digest.” Trippon said. “The growth of Chinese influence is quickly making it a dominant force in global economic trends.” Trippon added. He explained, “The nation is the world’s number one market for iron ore and copper, and the second- biggest importer of crude oil with consumption growing daily.”

“As the world struggles to recover from the financial crisis, China is still driving strong growth among its Asian neighbors and countries as far away as Australia.”

“The growing dominance of Chinese corporations cannot be ignored.” Trippon warned.” He added, “ China now has four of the world’s biggest banks and four of the biggest companies globally by market capitalization. The nation may be seen as impoverished by some pundits but China’s global clout is growing with incredible speed.”

Many experts say it will take decades for China to surpass the U.S. economically but Trippon says Chinese dominance is closer than anyone believes. “Don’t forget that China is expected to grow by leaps and bounds between now and 2020, with annual GDP expansion between eight and ten percent. Trippon pointed out. “That’s more than the U.S. could even hope for.”

Trippon concluded that China is already closing in on the U.S. economy in terms of Purchasing Power Parity (PPP), the measure of economic strength preferred by the International Monetary Fund and the CIA. “In 2009 the IMF estimated the U.S. economy generated 14.2 trillion dollars and it was barely expanding.” Trippon said. “ China’s economy generated 8.7 trillion dollars as measured by purchasing power parity, a scale which eliminates distortions caused by currencies and other factors.” he explained.

“Right now the U.S. economy is only 38 percent larger than China.” Trippon explained. “With China’s double digit growth, everyone will be surprised at how quickly that gap closes.”