Since the Chinese President Xi Jinping first proposed to revive the Silk Road in 2013, the term have become almost ubiquitous, whether used in a celebratory or derogative way. The topics range from trade agreements, financial loans, military bases, soft-power expansion, and cultural exchanges in the age of globalization.
Economics
A City Mismanaged is policy analysis as blood sport. Leo Goodstadt needs no introduction in Hong Kong circles; those outside might need to know that he was head of the pre-Handover Hong Kong government’s Central Policy Unit from 1989-1997. He has penned a no-holds-barred smackdown of the four post-colonial Hong Kong administrations.
China has developed a reputation for confounding naysayers. Will Doig starts High-Speed Empire with an anecdote of the World Bank castigating Shanghai in 1991 for deciding to build a Metro; the suggestion was that maybe focusing on infrastructure for bicycles might be a better use of resources.
China’s Second Heavy Machinery Group in southwestern China’s Sichuan Province is the proud owner of “the world’s biggest closed-dye hydraulic press forge”, at 22,000 tons a piece of very heavy machinery indeed. The forge is able to exert 100,000 tons of force on a piece of metal, powerful enough to warp the hardened alloys used in aircraft engines and mining drill bits into shape. More than twice enough. The most powerful forge in the United States has only half the capacity, but seems to do just fine.
The predominant narrative on Sino-African relations is relatively simple. After more than three decades of sustained economic expansion, China is an economic juggernaut, with trade and investment overflowing its borders and into the global market. One the one hand, China, with its overcapacity, seeks new markets and new places from which to secure natural resources to keep the economic machine going. On the other, Western disengagement from Africa since the end of the Cold War has been filled in part by China, and China-Africa relations need to be understood as the logical outcome of the marginalization of Africa in the age of globalization in which Africa is hungry for development, investment, and capital.
Africa is, as far as development is concerned, the next frontier. China is leading the charge in setting up factories and businesses across the continent. McKinsey’s Irene Yuan Sun writes in The Next Factory of the World that this will help Africa become a “global manufacturing powerhouse” as it follows China’s path to industrialization. However optimistic this may sound, Sun argues that not only did China do this itself during the 1990s and 2000s, but that it is already working in Africa.
Sebastian Heilmann brings what is, for English-speaking readers, a somewhat rare European—or perhaps more precisely, German—perspective to the question of “China’s rise”, a term now almost de rigueur.