Mark Leonard's World in 30 Minutes26 Des 2025

Made in China: How Europe can tackle economic coercion

China’s tightening of export controls on rare earths and related technologies across 2025 marked a turning point in Europe’s economic security. Even with Beijing’s partial and momentary rollback after talks with Washington, a Damocles sword still hangs over Europe’s industrial base—from defence to semiconductors and clean tech.

And with China’s upcoming 15th Five-Year Plan and Made in China 2035, Europe faces the triple threat of coercion, industrial corrosion and loss of sensitive business intelligence.

This week, Mark Leonard welcomes Tobias Gehrke, senior policy fellow at ECFR covering economic security and European economic strategy, and Andrew Small, the new director of the ECFR’s Asia programme. Together, they discuss China’s current and future economic strategies—and actions that Europe should take in response.

How seriously should Europeans take the threat of Chinese coercion? In which industries can Europe realistically compete with Beijing? And where are Europe’s potential partners in Asia, Africa and Latin America for alternative supply chains?

This episode was recorded on December 15 2025

Bookshelf

Material World: The Six Raw Materials That Shape Modern Civilization by Ed Conway

The Reckoning by David Halberstam

“Isch vorbei” by Süddeutsche Zeitung

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