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This paper analyzes China's preferential trade strategy and rationale. It finds that China has signed trade agreements primarily with countries that are neither significant in the global economy nor vital to China's export sector. Indeed, several partners enjoy bilateral trade surpluses with China, and have comparative advantages in industries that China may want to protect from outside competition. The way in which China negotiates trade deals is also confounding. Unlike the United States, China appears to lack a modus operandi, so that the scope, strength, and details of its agreements vary widely. Some appear exceedingly generous to the trade partner, while others aggressively promote and protect domestic industries. With respect to services, investment, and other advanced provisions, China tends to fall well short of U.S. standards; yet it also demonstrates greater ambition and flexibility than developing country peers like India and Brazil.
For almost two decades, China has claimed that its expanding economy benefits Europe, stimulating European growth, exports, and employment. But the reality is not so clear-cut. Whilst individual companies may have profited from China’s economic rise,unbalanced trade with China has actually cost Europe over 1.4 trillion euros in the last ten years as well as undermining its political influence. China’s monumental infrastructural project, the Belt And Road Initiative or New Silk Road as it has come to be known - is set to make this situation even worse. The Silk Road Trap is the first book to expose just how risky this uneven partnership is for Europe. In it, leading expert on Asian affairs Jonathan Holslag, argues that Europe must reduce its reliance on China and work on building a stronger and more sustainable European economic model. By revealing the political aspirations and economic strategy behind the new Silk Road, he lays out its implications for specific European industries, from steel over aircraft to robots. Holslag, though critical of China, does not, however, make the case for confrontational, Trumpian protectionism. Instead, he posits that the new Silk Road need not ensnare Europe; it offers the continent a unique opportunity to transition from a future "made in China" to one that is "made in Europe".
Pulitzer Prize in General Nonfiction finalist Winner of the 2014 National Book Award in nonfiction. As the Beijing correspondent for The New Yorker, Evan Osnos was on the ground in China for years, witness to profound political, economic, and cultural upheaval. Age of Ambition provides a vibrant, colorful, and revelatory inner history of China during a moment of profound transformation. From abroad, we often see China as a caricature: a nation of pragmatic plutocrats and ruthlessly dedicated students destined to rule the global economy-or an addled Goliath, riddled with corruption and on the edge of stagnation. What we don't see is how both powerful and ordinary people are remaking their lives as their country dramatically changes. In Age of Ambition, Osnos describes the greatest collision taking place in that country: the clash between the rise of the individual and the Communist Party's struggle to retain control. He asks probing questions: Why does a government with more success lifting people from poverty than any civilization in history choose to put strict restraints on freedom of expression? Why do millions of young Chinese professionals-fluent in English and devoted to Western pop culture-consider themselves "angry youth," dedicated to resisting the West's influence? How are Chinese from all strata finding meaning after two decades of the relentless pursuit of wealth? Writing with great narrative verve and a keen sense of irony, Osnos follows the moving stories of everyday people and reveals life in the new China to be a battleground between aspiration and authoritarianism, in which only one can prevail. An Economist Best Book of 2014. Winner of the bronze medal for the Council on Foreign Relations’ 2015 Arthur Ross Book Award
Tells the story of China's struggles to overcome new risks and endure the global backlash against its assertive reach. Combining on-the-ground reportage with analysis, Luke Patey argues that China's predatory economic agenda, headstrong diplomacy, and military expansion undermine its global ambitions to dominate the global economy and world affairs
A critical look at how the world is responding to China's rise, and what this means for America and the world. China is advancing its own interests with increasing aggression. From its Belt and Road Initiative linking Asia and Europe, to its "Made in China 2025" strategy to dominate high-tech industries, to its significant economic reach into Africa and Latin America, the regime is rapidly expanding its influence around the globe. Many fear that China's economic clout, tech innovations, and military power will allow it to remake the world in its own authoritarian image. But despite all these strengths, a future with China in charge is far from certain. Rich and poor, big and small, countries around the world are recognizing that engaging China produces new strategic vulnerabilities to their independence and competitiveness. How China Loses tells the story of China's struggles to overcome new risks and endure the global backlash against its assertive reach. Combining on-the-ground reportage with incisive analysis, Luke Patey argues that China's predatory economic agenda, headstrong diplomacy, and military expansion undermine its global ambitions to dominate the global economy and world affairs. In travels to Africa, Latin America, East Asia and Europe, his encounters with activists, business managers, diplomats, and thinkers reveal the challenges threatening to ground China's rising power. At a time when views are fixated on the strategic competition between China and the United States, Patey's work shows how the rest of the world will shape the twenty-first century in pushing back against China's overreach and domineering behavior. Even before the COVID-19 pandemic, many countries began to confront their political differences and economic and security challenges with China and realize the diversity and possibility for cooperation in the world today.
China has ambitious targets with its standardization system: Standards shall become a key pillar for the innovation power of Chinese industry and at the same time helping to pave the way in important export markets. This Think Piece explores the ongoing reform of Chinese standardization system, analyses some key elements, and explains how this may affect its trading partners.The reform is a challenge for the Chinese industry: They will have to learn to engage and cooperate in defining and shaping standards for future markets, without government support, but together with international competitors. This requires a sensitivity for both international and domestic developments, and a willingness to abstain from globally incompatible “China only” solutions. We still see many standardization activities in China which seem to be disconnected from the rest of the world: Simple “study” of related international standards will not help to solve this problem - it requires active engagement and participation of Chinese industry globally.The reform is especially interesting since China continues with maintaining in parallel compulsory and voluntary standards: Compulsory standards will continue to replace technical regulations, despite all the known disadvantages such compulsory standards entail. On the other hand voluntary standards shall become more innovative and export oriented through a decoupling from most of current government controls. These two tendencies contradict each other and it is still unclear how this system is going to work in reality.One of the key issues related to the Chinese standardization system is unfortunately not being addressed: The lack of a comprehensive framework of technical regulations. This makes the implementation of a modern risk-based approach toward product safety very difficult, it also endangers also the entire reform project. It allows an outdated system to continue, a structure where the government remains responsible for safety and quality of goods and services. The consequence is an emphasis on compulsory controls, a time consuming structure which is adding to the cost of production and trade.Nevertheless, the new structure of Chinese standardization will allow China to more forcefully engage in trade negotiations: The new “association standards” might be considered “less political”, thus also more palatable for an audience very sensitive about any sign of Chinese dominance in the region.
The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.
An economic and military superpower with 20 percent of the world’s population, China has the wherewithal to transform the international system. Xi Jinping’s bold calls for China to “lead in the reform of the global governance system” suggest that he has just such an ambition. But how does he plan to realize it? And what does it mean for the rest of the world? In this compelling book, Elizabeth Economy reveals China’s ambitious new strategy to reclaim the country’s past glory and reshape the geostrategic landscape in dramatic new ways. Xi’s vision is one of Chinese centrality on the global stage, in which the mainland has realized its sovereignty claims over Hong Kong, Taiwan, and the South China Sea, deepened its global political, economic, and security reach through its grand-scale Belt and Road Initiative, and used its leadership in the United Nations and other institutions to align international norms and values, particularly around human rights, with those of China. It is a world radically different from that of today. The international community needs to understand and respond to the great risks, as well as the potential opportunities, of a world rebuilt by China.