Europe has a China problem too, but the last thing it wants is a trade war

In the German industrial lobby's view, China's policy of creating national champions in key industries isn't an inefficiency of Chinese central planning

The US push to “decouple” its economy from China’s is causing ripples in Europe. The Federation of German Industries, the most influential industrial lobby group, has proposed a vision for keeping Europe’s important economic relationship with China alive and prevent the country’s state-owned and state-supported firms from competing unfairly.

As President Donald Trump has intensified his war against the established rules of global trade, the European Union has increasingly found itself on the same side as China, defending the World Trade Organization and the benefits of globalization and market openness. But Europe and China make strange bedfellows: The EU is based