Telegraph | News | EU viewed by China as world power to rival US: "The European Union is the world's rising superpower, poised to overtake both America and Japan as the biggest trade and investment force in China, according to a strategic policy paper published by Beijing yesterday.
The Chinese government said the EU was transforming the global landscape with its successful currency launch and strides towards a joint foreign policy, defence, and judicial union.
Describing EU integration as 'irreversible', Beijing marvelled at Europe's 25-35 per cent share of the global economy and its projected 450 million population after expanding into the former communist bloc next year.
The white paper follows a flurry of Sino-EU ventures, including the Galileo global satellite system, described as a direct challenge to the American GPS monopoly in space.
The two sides are also working together on nuclear research."
The Chinese government said the EU was transforming the global landscape with its successful currency launch and strides towards a joint foreign policy, defence, and judicial union.
Describing EU integration as 'irreversible', Beijing marvelled at Europe's 25-35 per cent share of the global economy and its projected 450 million population after expanding into the former communist bloc next year.
The white paper follows a flurry of Sino-EU ventures, including the Galileo global satellite system, described as a direct challenge to the American GPS monopoly in space.
The two sides are also working together on nuclear research."
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