Facing China's irresistible rise all across the chessboard, and under relentless US pressure, the not-exactly-democratic EU leadership is on a backbreaking exercise to position itself between a geopolitical/geoeconomic rock and a hard place.
The 28-member EU holds a crucial meeting next week in Brussels where it may adopt a 10-point action plan detailing, in a thesis, the terms of an equitable economic relationship with China going forward.
This will happen as Chinese President Xi Jinping visits Italy and then France – ahead of the very important, annual China-EU summit in Brussels on April 9, to be co-chaired by Chinese Premier Li Keqiang.
That's the crucial context under which the European Commission (EC) has recommended what it describes as 10 concrete "actions" to the EU Heads of State for their debate at the European Council in March 21 and 22.
The full report, EU-China – A Strategic Outlook, is here.
The EC shows how in 2017 – the latest available figures – the EU was "China's largest partner with a share of 13% of imports of goods in China and a share of 16% of exports of goods from China." At the same time, the EC stresses that China is an "economic competitor" and "a systemic rival promoting alternative models of governance."