The above Paper dated October 2016 under the Brookings Institution's Order from Chaos Project - Foreign Policy in a Troubled World, is jointly prepared by Philippe Le Corre, visiting fellow at the Center on the United States and Europe and Jonathan Pollack, senior fellow in the John L. Thornton China Center, both at Brookings.
The Paper's thrust is informed by the following extract -
"China’s increasing economic and financial weight touches upon all major issues in the global economy. The advanced industrial states therefore need to fully assess China’s economic policies and practices and how they could affect the future order. These issues range from the rules governing trade, investment, and finance; addressing major imbalances in trade relations; cybersecurity; maritime security; climate change; terrorism; environmental degradation; global poverty alleviation; the role of nongovernmental organizations; the evolution of civil society; and intellectual property rights, to name some of the more important areas.
Moreover, these issues concern the future of governance within China as much as governance between China and the outside world. In this paper, we explore how Europe and the United States might move toward more complementary conceptions of their respective relationships with China.
Though there are areas of commonality between Europe and the United States, their separate identities and interests also reveal significant differences, if not outright divergence. EU-wide and country-specific engagement with China have accelerated dramatically over the past decade, underscoring the challenge of coordinating EU and U.S. policy approaches. Sustainment of the global economic order in the absence of China’s full commitment to existing practices and norms would prove very difficult, especially if China is intent on developing alternative concepts of global governance.
The United States and Europe thus face a common strategic task. Both must ensure that China’s increasing power does not undermine the principles and policies that have enabled unparalleled economic prosperity across multiple decades. They must reaffirm a shared commitment to this institutional framework, while enabling China to emerge a full-fledged participant in the global economy."
Differences of opinion and emphases between the United States and Europe notwithstanding, the Paper recommends a number of China-related priority areas for US-EU coordination, including Investment, Asian Infrastructure Investment Bank (AIIB), One Belt, One Road (OBOR), Rule-based International Order, Climate Change and Civil Society.