Pages

16 June 2024

China’s Do-Nothing Strategy in the Middle East

Lauren Barney and Aaron Glasserman

Since late 2023, the Houthis in Yemen have posed an extraordinary challenge to global shipping. As a result of the Iranian-backed group’s relentless attacks on commercial vessels in the Red Sea, intended to pressure the United States and its allies over Israel’s war in Gaza, several of the largest international shipping companies have been forced to reroute their vessels around Africa to avoid the sea entirely. According to one estimate, the freight costs of shipping from Asia to Europe rose by nearly 300 percent from October to March. In an effort to contain the crisis and defend this vital trade corridor, the United States and the United Kingdom have conducted hundreds of airstrikes against Houthi sites in Yemen.

Yet China, whose vast global trade accounts for a sizable portion of Red Sea traffic, has largely stood by. Beijing sends $280 billion worth of goods per year through the Red Sea’s Bab el Mandeb Strait, accounting for nearly 20 percent of China’s total maritime trade. And as a result of the Houthi attacks, it faces rapidly mounting shipping costs and supply chain disruptions at a moment when the Chinese economy is already under pressure. Nonetheless, Beijing has done little in response. In public, Chinese officials have limited themselves to affirming the importance of safe and open seas; in private, they have tried to negotiate with the Houthis and their Iranian supporters to secure the safe passage of vessels linked to China—although multiple such ships have been attacked.

No comments:

Post a Comment