Silk Road Trap: How China's Trade Ambitions Challenge Europe

China has claimed that its expanding economy benefits Europe, stimulating growth, exports, and employment. However, unbalanced trade with China has cost Europe over 1.4 trillion euros in the last ten years and undermined its political influence. The Silk Road Trap, by Jonathan Holslag, argues that Europe must reduce its reliance on China and work on building a stronger and more sustainable European economic model. It reveals the political aspirations and economic strategy behind the new Silk Road, offering Europe a unique opportunity to transition from a future made in China to one that is made in Europe.

Format: Paperback / softback
Length: 232 pages
Publication date: 04 January 2019
Publisher: Polity Press

For nearly two decades, China has asserted that its expanding economy benefits Europe, fostering European growth, exports, and employment. However, the reality is less straightforward. While individual companies may have reaped rewards from China's economic ascent, the continent has incurred over 1.4 trillion euros in trade imbalances with China over the past ten years, undermining its political influence.

China's ambitious infrastructural project, the Belt and Road Initiative (BRI), or New Silk Road, is poised to exacerbate this situation. The Silk Road Trap is the first book to expose the risks associated with this unequal partnership for Europe. In it, renowned expert on Asian affairs Jonathan Holslag argues that Europe must decrease its dependence on China and work towards establishing a stronger and more sustainable European economic model. By unveiling the political motivations and economic strategies behind the new Silk Road, Holslag provides insights into its implications for specific European industries, ranging from steel to aircraft and robotics.

While Holslag critiques China, he does not advocate for confrontational, Trumpian protectionism. Instead, he suggests that the new Silk Road need not entrap Europe; it presents a unique opportunity for the continent to transition from a future shaped by China to one that is created in Europe.

The Silk Road Trap sheds light on the complexities and challenges Europe faces in its relationship with China. It underscores the need for a strategic approach that balances economic interests with political considerations. By reducing dependence on China and fostering a more robust European economy, Europe can position itself as a global leader and mitigate the risks associated with the BRI.

This book is a valuable resource for policymakers, business executives, and anyone interested in understanding the geopolitical implications of China's economic expansion. It provides a comprehensive analysis of the new Silk Road and offers practical recommendations for navigating this complex landscape. As the world continues to evolve, it is essential to be aware of the risks and opportunities that arise from China's global influence. The Silk Road Trap is a timely and essential contribution to this ongoing debate.

Weight: 278g
Dimension: 140 x 216 x 14 (mm)
ISBN-13: 9781509534692