Over the past decade, the rise of China has happened with unprecedented speed and scale. Internally, China aims to shift away from its old economic and social model to a more balanced path of development. On the international stage China is now a heavyweight, both economically and financially. China is the EU's second biggest trading partner and, looking for a stable and legally secure environment, Europe is now the most important destination for Chinese companies' foreign direct investment. China is also ever more present in all regions of the world with regard to its international political and military presence. As a consequence, China's political, economic and social development matter to the EU more than ever. They present major opportunities for the EU, especially in creating jobs and growth in Europe, but need to be addressed in a coordinated and effective way in order to produce the best possible outcomes for both the EU and China.
