EU to adjust China policy for strategic balance.

The European Union's diplomatic service has proposed a recalibration of the bloc's China policy, aiming to reduce the risks of economic dependency on Beijing while continuing to cooperate on global issues. The proposal suggests screening investments more closely and more robust export controls, as well as diversifying sources of supply in key sectors. The EU will continue to engage with China, but the rivalry aspect has become more important. Coordination with the United States will remain essential, but the EU should not subscribe to an idea of a zero-sum game between the US and China.