Europe wakes up to the China challenge

But the search for 'strategic autonomy' faces obstacles

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R20201123 RCEP summit screen.JPG

A virtual meeting of the 4th Regional Comprehensive Economic Partnership Summit, pictured on Nov. 15 in Hanoi: RCEP is the latest sign of a shift in economic power. eastward. © Reuters

Lionel Barber is former editor of the Financial Times and chairman of the Tate art galleries. He is author of "The Powerful and the Damned: Private Diaries in Turbulent Times."

The pan-Asian trade pact between 15 countries including Japan, China, and South Korea -- the Regional Comprehensive Economic Partnership, or RCEP -- is a wake-up call for the West.

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