Europe's main adversary and existential threat ain't no China, its russia. Has been, is and probably always will be. Next, at least historically, with a huge gap from first, would be Turkey. We are not top dog and thus don't compete with China in any way apart from usual economical stuff.
I bet this move is more to please US to show we are still aligned, otherwise we would be banning all meta products and couple more left and right.
I bet this move is more to please US to show we are still aligned, otherwise we would be banning all meta products and couple more left and right.