The New Silk Road: How a Rising Arab World is Turning Away from the West and Rediscovering China [Hardcover]

Ben Simpfendorfer (Author)

Book Description

ISBN-10: 0230580262 | ISBN-13: 978-0230580268 | Publication Date: May 26, 2009

The rise of the Arab world and China are part of the same story, once trading partners via the Silk Road. It isn’t a coincidence that Arab traders have returned to China at the same time that China is fast regaining its share of the global economy. This is a breakthrough account of how China is spurring growth in the Arab world.

Editorial Reviews

Review

"Simpfendorfer is not just a good economist but an artful story teller who entertains as he educates. He has written a highly readable treatment of a topic of great strategic significance - the rebalancing of global wealth and power through the emerging relationship between the Islamic world and China. 'The New Silk Road' is a glimpse of the future that is easy to get into and hard to put down."
- Chas W. Freeman, Jr., former US chargé at Beijing and Ambassador to Saudi Arabia.

"Despite the global economic crisis, the trajectory of the Arab and Chinese economies still match the soaring skylines of Dubai and Shanghai. Furthermore, as Ben Simpfendorfer bracingly illustrates, these are not isolated events but rather the resurrection of a Silk Road symbiosis. For all the region's troubles, this book places the Persian Gulf back where it geographically belongs: at the center of Eurasia and bending towards the overwhelming gravity of China."
- Parag Khanna, author of 'The Second World' and Senior Research Fellow at the New America Foundation 
 
"The macroeconomics of China's rise and the nitty-gritty of Chinese businesses bargaining on the ground in the Arab world are like Parisian courtesans and Eskimos: world's apart, and nearly impossible to reconcile into a single narrative. But Ben Simpfendorfer's New Silk Road provides a Rosetta Stone to achieve just such a reconciliation. With an economists' toolbox for mapping aggregate growth, and a diarists' talent for capturing the minute, human interactions that join executives and officials from these two ancient worlds, he makes the logic, limits and significance of Sino-Arab engagement understandable."
– Daniel Rosen, Principle, Rhodium Group, LLC

"As the chief China economist for Royal Bank of Scotland in Hong Kong and a former resident of both Beirut and Damascus, Mr Simpfendorfer is well placed to tackle the subject. But although he is a professional economist, what sets Mr Simpfendorfer's book aside from the usual run of publications about the mainland's rise is not his command of macroeconomic statistics, but his grasp of how the expanding relationship between China and the Arab world works at the personal level."
- Tom Holland, South China Morning Post

About the Author

BEN SIMPFENDORFER is currently the Asia and Middle East Strategist at the Royal Bank of Scotland in Hong Kong and was previously the Senior China economist at JPMorgan in Hong Kong. Simpfendorfer has lived in Beijing, Beirut, Damascus and Hong Kong and spends most of his time working as an analyst interpreting events for the foreign business and investment community. He has spent fifteen years reading local newspapers, speaking with the everyday person on the streets of Beirut to Beijing, and assessing economic data from the two regions. He has immersed himself in the two cultures and has personally observed many of the watershed events unfold in the Arab world ad China during that time.

Product Details

• Hardcover: 256 pages
• Publisher: Palgrave Macmillan (May 26, 2009)
• Language: English
• ISBN-10: 0230580262
• ISBN-13: 978-0230580268
• Product Dimensions: 9.2 x 6.1 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #896,734 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

16 of 16 people found the following review helpful:

5.0 out of 5 stars Two old trading partners shake hands again after a thousand years of neglect, May 14, 2009

By 

shireen (Singapore, Singapore) - See all my reviews
(REAL NAME)   

This review is from: The New Silk Road: How a Rising Arab World is Turning Away from the West and Rediscovering China (Hardcover)

My husband passed me this book after he read it in one sitting, and told me, "you must read this".

Since we're from Southeast Asia and based in the Middle East, it made sense, as the theme is about the Arab world's rediscovery of China. But I also came with low expectations because I expected another big picture book about China buying oil from the Gulf, the post 9/11 situation pushing the Arabs to Asia, or rising Sovereign Wealth Funds from the two regions managing the West's suspicions. I was pleasantly surprised to find that "The New Silk Road" took a radically different approach. There are some real-life stories here written by someone who gives us the 'worm's eye view' but can also give us the 'eagle-eye' assessment. The author, a westerner who speaks Mandarin and Arabic, is like a gum-shoe detective who explores linkages that Tom Friedman seems to have overlooked. He starts by focussing on the dots and then connecting them between China and the Arab world. These dots are the small and medium size traders in Yiwu in China's Eastern seaboard joined to the other smaller traders in old souks in Damascus, Syria like Souk Al Hamideyyeh. He has some wonderful anecdotes of how intrepid women traders from China even brave the forbidding Saudi market, which would put off many Western women. Being a woman, I found these stories heart-warming and encouraging, but was also fascinated by the history of it. These traders are re-establishing the old Silk Road that existed hundreds of years ago. Instead of the Land route they are flying, but the linkages are being re-made.

After this general introduction, he goes on to talk about Chinese petro-dollars and SWFs, which are pretty much well-covered. But its done with some real local insight. For example, I never knew about a Chinese language novel,"The Battle in Protecting Key Oil Routes" published soon after the Iraq war which talks about a naval battle between China and US over energy, which is located a 100 miles from Singapore.

The book then tackles the fascinating question of how the China growth model applies to the Arab world, specifically Syria. Here I wish there was some deeper discussion with the Arab policy people or elite on how they see this model, although the writer does quote a Syrian leader standing amazed at Shenzhen's development.

My favourite chapter is "Young Women and the Future of the Arab World" a trend that is often ignored, but which this book explors through the story of a women from Shenzhen, the "Female Heroes" of China. He then talks to a Syrian preacher cum dentist about the possibility of young Syrian women working in factories in Syria. These are areas or issues that I haven't seen discussed before and which breaks new grounds.

The rest of the book focusses on the media and PR war (which is interesting for me as well as a former PR pro and journalist) and because it looks at how Al Jazeera (which is based in Qatar, where I live) has been an influence on Chinese media.

A fascinating chapter for students of Arabic follows, and I was surprised to learn that you can get a Chinese translator for Arabic for just $30 a day! Imagine the potential for out-sourcing! There is an interesting discussion on the difficulties and values of studying Arabic, and I was intrigued to learn how the Chinese government encourages the minority Hui and even majority Han (but not the separatist Uighurs?) to study Arabic fusha for commercial reasons. There's an interesting contrast between Fusha and putonghua, which I don't think I've seen discussed elsewhere (and which prompted a long discussion with my husband, who's studied putonghua and fusha).

The last chapter I found a little disjointed after a great excursion in corners I'd never imagine, making linkages and connections which are often overlooked. But it makes an important point that the west should pay attention to how China and the Middle East are coming together as part of what Simpfendorfer calls " a new global re-balancing. "

3 of 3 people found the following review helpful:

5.0 out of 5 stars unique understanding based on fluency in Chinese and Arabic, November 17, 2009

By 

K. Kline "avid reader & book club founder" (New York, N.Y.) - See all my reviews
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This review is from: The New Silk Road: How a Rising Arab World is Turning Away from the West and Rediscovering China (Hardcover)

The author who is fluent in both Arabic and Chinese, offers a unique perspective of the intersection of both cultures - How the mom and pop vendors in the Middle East are able to purchase items in China due to the translators who belong to an "acceptable" Muslim Chinese minority. His comments on the facility of Chinese leaders to be interviewed by Al Jezera in Arabic while those in the West cannot, are important warnings of the future. A must read for those interested in the growth of China and its wider influence in the Middle East.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Good Insights -, August 29, 2010

By 

Loyd E. Eskildson "Pragmatist" (Phoenix, AZ.) - See all my reviews
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This review is from: The New Silk Road: How a Rising Arab World is Turning Away from the West and Rediscovering China (Hardcover)

Trade caravans packed with spices and silk crossed Eurasia a thousand years ago along routes known as the Silk road. Today, pipelines, ports, and railroads are replacing those routes, with China providing the funding where needed. (Camels are reserved mostly for tourists now.) Sino-Arab commerce has evolved into the world's fastest-growing commercial relationship. Originally, the Arabs provided the capital and China the opportunities for investment and diversification away from the U.S.; now deals are moving in both directions. The items traded are changing as well - less blue porcelain, popular among European buyers, and more red porcelain, popular among Arab buyers.

Commonalities include both China and the Gulf States having amassed a vast share of global currency reserves, experienced colonial occupation, and had their prior golden years around the 1500s. Religion is a major difference, with Chinese overwhelmingly atheist compared to deeply religious Arabs. (The U.S. and China have a common interest in keeping oil prices low, and may end up helping Mid-East peace. Another U.S.-China commonality - both are condemned by al-Qaeda.)

Author Simpfendorfer, from Australia, is now posted at the Bank of Scotland as its Chief China Economist based in Hong Kong. He says he first became aware of these new links when visiting Yiwu, south of Shanghai, with its own mosque and imam paid for by the Chinese state. Outside the small city were 18,000 stalls serving Muslim traders; Simpfendorfer adds that it takes a day for an Egyptian to obtain a Chinese visa, vs. 18 days for an American visa post 9/11. An estimated 200,000 Arab nationals visit Yiwu each year. China is now the world's biggest exporter to the Middle East

Saudi Arabia sees China, not the U.S., as representing the future growth for Saudi oil, and is sponsoring students to study in China, as well as several other Asian nations. (Forecasts show China importing 3X oil from the Persian Gulf vs. U.S. in 2025. China already has accounted for 40% of the increase in global crude demand between 2004 - 2007.) Poorer nations like Syria and Egypt are starting to look at China as a model for economic development - partly because of its successes, and partly because it is less antagonizing.

One side effect of all this is an erosion in Russia's power in its Central Asian backyard, as well as diminishing Chinese reliance on energy traveling from Iran and elsewhere through the Strait of Hormuz (home of the U.S. Fifth Fleet) and the Strait of Malacca (U.S. Seventh Fleet. (China building pipeline from Sudan to Red Sea, pipeline from Turkmenistan for gas to Xinjiang, was considering pipeline from Iran-Pakistan-China, but declined because of costs, will be using oil pipeline from Russia later this year.) Another is promoting green trade - emissions about one-fourth those created by flying or driving. A third is creating a massive jobs program - the Beijing-Shanghai high-speed project employs 110,000 railroad builders. Beijing is already building high-speed rail in Turkey, Venezuela, and Saudi Arabia, and signed preliminary agreements with California and G.E. for high-speed rail on the West Coast. A fourth is China reducing its reliance on developed economies, and especially the U.S.

The author's credibility is immeasurably enhanced by his being an economist who also speaks Mandarin and Arab. The book is based on meetings in Yiwu, Cairo, Beijing, and other cities.