European leaders get ready to ‘act now’ amid rising fears of ‘China shock 2.0’

AI Summary

European leaders are preparing to take stronger economic actions toward China amid concerns over a 'China shock 2.0', signaling a shift in trade and industrial policies within the EU. The debate includes support from most European Commission members, including President Ursula von der Leyen.

European Commission leaders are preparing to harden the EU’s economic stance towards China at a pivotal debate on Friday, opening the door to a new wave of trade and industrial measures later this year. Sources indicated that a majority – though not all – of the 27 commissioners, including President Ursula von der Leyen, are supportive of a more robust trade and industrial policy, amid rising fears of de-industrialisation, in what is now widely described in Brussels as the “China shock...