edouardprisse

[edouardprisse]

In this book, Edouard Prisse describes the enrichment of China with our funds and predicts Chinese hegemony over the West unless an end is called to the free trade that enriches Beijing. It is almost too late already. The original errors, the illusions we had, the baseless predictions we made, where 'we' stands for both our political leaders, our press and the many writers of opinion articles in highly regarded publications like e.g. Foreign Affairs, the Brookings Institution Press and the New York Times, they were all given here. No other such clear exposure of the errors that were made and of what is really happening can be found. The logic is inescapable and provides a clear look into the future of our society. There is, too, exposure of the secret Chinese misinformation over the last two decades that China was able to hide so very cleverly from view but that has had an enormous influence on our thinking, on our too great optimism, on our blindness about China's danger to us. This book is serious, worrisome but also fun to read.

[edouardprisse]

In this book, Edouard Prisse describes the enrichment of China with our funds and predicts Chinese hegemony over the West unless an end is called to the free trade that enriches Beijing. It is almost too late already. The original errors, the illusions we had, the baseless predictions we made, where 'we' stands for both our political leaders, our press and the many writers of opinion articles in highly regarded publications like e.g. Foreign Affairs, the Brookings Institution Press and the New York Times, they were all given here. No other such clear exposure of the errors that were made and of what is really happening can be found. The logic is inescapable and provides a clear look into the future of our society. There is, too, exposure of the secret Chinese misinformation over the last two decades that China was able to hide so very cleverly from view but that has had an enormous influence on our thinking, on our too great optimism, on our blindness about China's danger to us. This book is serious, worrisome but also fun to read.

[edouardprisse]

In this book, Edouard Prisse describes the enrichment of China with our funds and predicts Chinese hegemony over the West unless an end is called to the free trade that enriches Beijing. It is almost too late already. The original errors, the illusions we had, the baseless predictions we made, where 'we' stands for both our political leaders, our press and the many writers of opinion articles in highly regarded publications like e.g. Foreign Affairs, the Brookings Institution Press and the New York Times, they were all given here. No other such clear exposure of the errors that were made and of what is really happening can be found. The logic is inescapable and provides a clear look into the future of our society. There is, too, exposure of the secret Chinese misinformation over the last two decades that China was able to hide so very cleverly from view but that has had an enormous influence on our thinking, on our too great optimism, on our blindness about China's danger to us. This book is serious, worrisome but also fun to read.

[edouardprisse]

In this book, Edouard Prisse describes the enrichment of China with our funds and predicts Chinese hegemony over the West unless an end is called to the free trade that enriches Beijing. It is almost too late already. The original errors, the illusions we had, the baseless predictions we made, where 'we' stands for both our political leaders, our press and the many writers of opinion articles in highly regarded publications like e.g. Foreign Affairs, the Brookings Institution Press and the New York Times, they were all given here. No other such clear exposure of the errors that were made and of what is really happening can be found. The logic is inescapable and provides a clear look into the future of our society. There is, too, exposure of the secret Chinese misinformation over the last two decades that China was able to hide so very cleverly from view but that has had an enormous influence on our thinking, on our too great optimism, on our blindness about China's danger to us. This book is serious, worrisome but also fun to read.

[edouardprisse]

The Myth of China’s Economic Collapse: Why Beijing is Still Gaining Ground

There is a popular narrative in Western media that China’s economy is on the verge of collapse. From real estate crises to demographic challenges, many analysts claim that Beijing’s economic model is unsustainable. However, in We Are Funding China’s Growth, Edouard Prisse argues that these predictions are wrong — China is still gaining economic power at the expense of the West.

Prisse warns that believing in China’s imminent collapse leads to dangerous complacency. The reality is that Beijing is on a long-term economic growth that continues to strengthen its global influence.

1. Why Claims of China’s Collapse Are Overstated

Western analysts often point to three major economic problems in China:

Real Estate Crisis: Companies like Evergrande have defaulted, leading to concerns of a financial meltdown.

Demographic Decline: China’s aging population and low birth rates are seen as a threat to future growth.

Rising Debt: The Chinese economy has high levels of government and corporate debt.

While these are real issues, Prisse explains that China has tools to manage them:

Unlike Western countries, China’s government directly intervenes in its markets, and with its now huge financial reserves, can prevent any full-scale financial crisis that could be caused by real estate errors.

Beijing still has more than 200 million obedient citizens waiting to be allowed to work at very low wages. This enormous reserve will allow Beijing to weather any demographic decline.

The high debt, which is not larger than the US debt, is offset by the equally huge Foreign Exchange Reserves.

2. The West is Funding China’s Growth—Not the Other Way Around

Prisse points out a crucial fact:

China’s economy is being fueled by the U.S. and Europe, through the existing trade imbalance.

In 2024 alone, China’s merchandise trade surplus had grown to $992 billion, meaning the West, every year, is pumping more and more money into Beijing’s economy. President Trump’s tariffs will not change that more than just a little.

Western corporations are now even bringing their own manufacture to China, ensuring that the West is weakening.

As long as these trends continue, China’s economy will not collapse—it will continue to expand.

3. China’s Long-Term Economic Strategy

Rather than falling apart, China is adapting and focusing on new areas of growth:

Next to its reliance on Western demand, Beijing is encouraging domestic spending.

Investing in High-Tech Industries: China is becoming a leader in AI, semiconductors, and green energy, ensuring future economic dominance.

By lending money to weak countries, China is creating long-term financial dependencies worldwide.

Prisse therefore warns that underestimating China’s adaptability is a critical mistake, a mistake that is fueled by what Prisse also exposes: the covert Chinese misinformation in the US.

4. The Real Danger: A Strong China, Not a Weak One

Many in the West hope for a Chinese economic collapse, but Prisse argues that this mindset is faulty.

If Western leaders believe China is failing, they will delay taking necessary action to counter Beijing’s economic expansion.

China’s government is highly resilient, meaning that even if the economy slows down a bit, the huge trade surplus will continue. It is due to grow above one trillion soon.

Rather than waiting for China to collapse, Prisse insists that the West must take proactive measures to limit Beijing’s economic influence, that is, by converting the existing free trade system into an ‘Equal Trade’ system.

The West Must Wake Up

China’s economic collapse is a myth. By believing false narratives, the West is ignoring the real danger: The so unequal free trade allows China to have the long-term strategy for dominating global trade and technology.

As Prisse warns, the U.S. and Europe must stop underestimating China—or they will find themselves permanently outmaneuvered by Beijing’s economic machine.

It is high time.

[edouardprisse]

The Myth of China’s Economic Collapse: Why Beijing is Still Gaining Ground

There is a popular narrative in Western media that China’s economy is on the verge of collapse. From real estate crises to demographic challenges, many analysts claim that Beijing’s economic model is unsustainable. However, in We Are Funding China’s Growth, Edouard Prisse argues that these predictions are wrong — China is still gaining economic power at the expense of the West.

Prisse warns that believing in China’s imminent collapse leads to dangerous complacency. The reality is that Beijing is on a long-term economic growth that continues to strengthen its global influence.

1. Why Claims of China’s Collapse Are Overstated

Western analysts often point to three major economic problems in China:

Real Estate Crisis: Companies like Evergrande have defaulted, leading to concerns of a financial meltdown.

Demographic Decline: China’s aging population and low birth rates are seen as a threat to future growth.

Rising Debt: The Chinese economy has high levels of government and corporate debt.

While these are real issues, Prisse explains that China has tools to manage them:

Unlike Western countries, China’s government directly intervenes in its markets, and with its now huge financial reserves, can prevent any full-scale financial crisis that could be caused by real estate errors.

Beijing still has more than 200 million obedient citizens waiting to be allowed to work at very low wages. This enormous reserve will allow Beijing to weather any demographic decline.

The high debt, which is not larger than the US debt, is offset by the equally huge Foreign Exchange Reserves.

2. The West is Funding China’s Growth—Not the Other Way Around

Prisse points out a crucial fact:

China’s economy is being fueled by the U.S. and Europe, through the existing trade imbalance.

In 2024 alone, China’s merchandise trade surplus had grown to $992 billion, meaning the West, every year, is pumping more and more money into Beijing’s economy. President Trump’s tariffs will not change that more than just a little.

Western corporations are now even bringing their own manufacture to China, ensuring that the West is weakening.

As long as these trends continue, China’s economy will not collapse—it will continue to expand.

3. China’s Long-Term Economic Strategy

Rather than falling apart, China is adapting and focusing on new areas of growth:

Next to its reliance on Western demand, Beijing is encouraging domestic spending.

Investing in High-Tech Industries: China is becoming a leader in AI, semiconductors, and green energy, ensuring future economic dominance.

By lending money to weak countries, China is creating long-term financial dependencies worldwide.

Prisse therefore warns that underestimating China’s adaptability is a critical mistake, a mistake that is fueled by what Prisse also exposes: the covert Chinese misinformation in the US.

4. The Real Danger: A Strong China, Not a Weak One

Many in the West hope for a Chinese economic collapse, but Prisse argues that this mindset is faulty.

If Western leaders believe China is failing, they will delay taking necessary action to counter Beijing’s economic expansion.

China’s government is highly resilient, meaning that even if the economy slows down a bit, the huge trade surplus will continue. It is due to grow above one trillion soon.

Rather than waiting for China to collapse, Prisse insists that the West must take proactive measures to limit Beijing’s economic influence, that is, by converting the existing free trade system into an ‘Equal Trade’ system.

The West Must Wake Up

China’s economic collapse is a myth. By believing false narratives, the West is ignoring the real danger: The so unequal free trade allows China to have the long-term strategy for dominating global trade and technology.

As Prisse warns, the U.S. and Europe must stop underestimating China—or they will find themselves permanently outmaneuvered by Beijing’s economic machine.

It is high time.

[edouardprisse]

Examining President Clinton’s 2001 WTO Decision

In 2001, the United States made a catastrophic economic mistake by welcoming China into the World Trade Organization (WTO) under false assumptions. In We Are Funding China’s Growth, Edouard Prisse examines how President Bill Clinton’s decision to open trade with China paved the way for Beijing’s rapid economic ascent, at the expense of American workers and industries.

The Assumptions Behind Clinton’s Decision

President Clinton argued that free trade with China would benefit the U.S. in multiple ways. In his March 8, 2000 speech, he made the following six incorrect claims:

1. China would open its markets to U.S. products, leading to an export boom for American businesses. 2. The deal was a “one-way street” favoring the U.S., requiring China to lower tariffs while America gave nothing in return. 3. American businesses would be able to sell goods in China without moving production. 4. China would be forced to respect intellectual property rights, preventing the theft of U.S. technology. 5. U.S. jobs would be preserved, as companies could export to China instead of outsourcing. 6. The agreement included safeguards against China selling products to the US.

These assumptions were dangerously naive. Instead of balancing trade, free trade with China’s cheap produced goods resulted in the opposite:

China’s trade surplus exploded: Instead of importing American goods, China flooded Western markets with cheap exports, earning huge amounts of money. By now this begins to wipe out our own manufacturing capabilities.

China started to use the money it earned with this trade to fund global expansion: China is buying foreign infrastructure, influences governments, and funds its military buildup.

Prisse also highlights how the Chinese leaders, with cruel methods, keep wages artificially low.

Why Clinton’s Decision Still Matters Today

Prisse argues that China’s global dominance could have been prevented. Instead, China now uses its economic strength to influence global politics, expand its military, and outcompete Western industries. China’s rise was not inevitable. It is us who made it possible.

The Path Forward: Ending Free Trade with China

Prisse insists that the only solution is to replace free trade with equal trade. This means only allowing as much Chinese products to come to the US as we export to China, measured in money. He warns that unless bold action is taken, China will continue to grow stronger while the West weakens.

The Clinton-era mistake has already caused immense damage—but if policymakers act now, it may still be possible to prevent China’s world dominance.

[edouardprisse]

In this book, Edouard Prisse describes the enrichment of China with our funds and predicts Chinese hegemony over the West unless an end is called to the free trade that enriches Beijing. It is almost too late already. The original errors, the illusions we had, the baseless predictions we made, where 'we' stands for both our political leaders, our press and the many writers of opinion articles in highly regarded publications like e.g. Foreign Affairs, the Brookings Institution Press and the New York Times, they are all given here. No other such clear exposure of the errors that were made and of what is really happening can be found. The logic is inescapable and provides a clear look into the future of our society. There is, too, exposure of the secret Chinese misinformation over the last two decades that China was able hide so very cleverly from view but that has had an enormous influence on our thinking, on our too great optimism, on our blindness about China's danger to us. This book is serious, worrisome but also fun to read.