Tom McTague continues his good run

McTague writes about the EU-China deal here. These are a couple of highlights:

"In 2007, following years of solid growth, the EU’s economy was slightly larger than that of the U.S., according to the World Bank, and both were drastically larger than China’s. By 2019, the American economy had grown by around 50 percent, whereas the EU’s had essentially flatlined. China, meanwhile, had all but caught up with the EU. George Magnus, an economist at Oxford University’s China Centre, told me that the trend over the past decade was clear: American resurgence and European stagnation. Since 2010, the U.S. share of the global economy has not only held, but increased, from 23 percent to 25 percent, according to International Monetary Fund data used by Magnus. Europe’s has shrunk from 21.5 percent to 17.5 percent, even including Britain in the total.
...
What is remarkable about the EU-China deal, which is supposed to show European strategic autonomy, is how unstrategic it appears to be."