Tied for first place as the world’s major
power, China is shifting gears. It is now
primarily concerned with its internal
development and with correcting the
imbalances that have resulted from
the frenetic pace of its catching up phase.
At the same time, it is preparing to
assume its role as a fully-fledged global
power by establishing itself far and wide.
That is normal. But this new normality
calls on other countries, starting with
those of Europe, to deeply readjust their
relationship with China: the time for “winwin”
trade must now give way to a new
attitude of “pulling together to get there.”