However, the EU’s position in the world is not depending on the Chinese expansion in the
Indo-Pacific area or the ability of the US to rebalance China. A potential conflict could
provoke a reversal in the economic possibilities of the European national governments,
but that does not mean the EU as a strategic actor is genuinely interested in the events
occurring in the Indo-Pacific. Actually, her remoteness could be key to rising as a
hegemonic actor when having no vital interests in the region and finding other areas to
exert influence, for example, in Central Asia. But first, the EU should look for the
satisfaction of her power aspirations from the inside, with the unity of the European
powers as a common front in foreign affairs. Achieving this, the EU would be a relevant
actor in hegemonic terms, away from the “main center of friction and conflict”, and with
enough autonomy to draft her own policy in the world.
However, these favourable conditions are dependent on the ability of the EU to separate
herself from American interests and build a constructive relationship with China, acting
as a real balancer. The challenge China is posing to American hegemony is an
unparalleled opportunity for the EU to act as arbiter between the hegemon and the rising
power. Becoming the holder of the global balance of power leads, apart from the
deterioration of the traditional strategic bond across the Atlantic, to the fourth challenge
for the EU on the road to becoming a hegemonic power: reversing the negative
interaction with China. The trial behind this policy is evidenced by the division in the West
on whether China should be considered a “threat” or a “challenge”. However, what might
be a threat to the US national interests in the Pacific could not mean a direct menace for
the EU, as it was proven by the pragmatic approach that EU member states seem to have
adopted to China due to economic possibilities. In fact, this association could be
reinforced by China’s view of the EU as a crucial player in the global society and the idea
of the EU-China relationship as a “new model of major-power relations (新型大国关系)”,
away from confrontation and hostility (Li & He, 2022: 442).
This turn in EU-China relations should be performed following the EU priorities in strategic
autonomy, to be coherent with the order the EU seeks to arbitrate as the global balancer.
In this regard, the European Parliament (2022: 1) and countries like Spain and the
Netherlands (2021: 1) have identified three main fields to achieve strategic autonomy
while preserving peace and international stability: economics, security affairs, and the
upholding of democratic values. This resonates with the traditional distinction in IR
Theory between the three basic forms of social power: economic, political, and cultural,
using the definitions provided by Calduch Cervera (1991) that will be developed below.
Economic power is defined as the “form of social power developed among the members
of an economic process on their condition of producers, distributors, or consumers” (ibid.:
6). Within this global economic system, China is currently the first commercial power in
the world, with the Belt and Road Initiative (BRI) offering a common economic framework
in the Eurasian continent under Chinese principles. For the EU, the top priority would be
creating a common policy toward the BRI, avoiding unilateral signatures between the
giant dragon and the EU member states. To achieve this, it would be required to convince
existing signers to revoke their partnerships in favour of a partnership between the entire
EU and China within the BRI framework. Therefore, the EU would avoid individual