Transatlantic relations on thin ice over China

The US fixation on China has resulted in a 'me-first' approach. This overlooks Europe's concerns - and its own evolving stance - both on China and the US itself.

Critics accuse Europeans of naivety, saying that they do not grasp that Beijing will only cooperate with them as long as it serves Chinese interests.

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"For a long time it looked as if China would gradually move towards the liberal, open market economies of the West by integrating into the world economy and reshaping its economic system. This theory of convergence is no longer tenable," the paper stated.

It added: "The Chinese model of an economy marked by substantial state control thus enters into systemic competition with liberal market economies."

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