Global Insights | State of the European Unbalance

With the EU's trade deficit with China now running at around €1 billion per day, Commission President Ursula von der Leyen put China Shock 2 at the centre of her State of the Union speech. The latest Brussels Economic Monitor examines how the EU is recalibrating its China policy between negotiation pressure, trade defence and diversification, and why Europe's own competitiveness is also being put to the test.