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China's rise has raised many questions for the West, with some wondering whether it is set to usurp a struggling Europe's global leadership role.For Europe, the implications of China's rise are far-reaching, beginning with the United States' strategic "pivot" toward Asia. After more than 70 years as a top U.S. priority, Europe is beginning to lose its privileged position in the eyes of American policymakers. This change reflects a recognition that China's increasing economic dominance does not negate the importance of the European Union, which remains the world's largest economic entity and a leading source of economic innovation, not to mention values like the protection of human rights.Historians often warn that the fear and uncertainty generated by the emergence of new powers such as China can trigger serious conflict, like that which Europe experienced a century ago, when Germany overtook the United Kingdom in industrial production.If China pursues a "peaceful rise," its neighbors will focus on building strong economic relationships with it.Though China is not attempting to upend the global order, it is now undergoing a profound – and destabilizing – transformation.Addressing these challenges will require broad international cooperation, with China, the U.S., and Europe each playing an important role.
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