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.”