It's actually starting to decrease, the trade deficit with China due to
increased construction, requiring more imports from other countries, US
included.

The real problem lies in their currency, pegged to the U.S. dollar.
They need to let their currency free-float on the market before things
can really even out.

Supposedly the Chinese gov't are gearing up for this, or they're just
paying lip service to the U.S. Congress, nobody really knows except for
Beijing.

Congress won't do anything but pass unenforcable puffery legislation
out of fear of the backlash from U.S. business interests and Chinese
relations.

A tangled web, indeed