EU-Asia summits: China grows and its self-confidence grows with it, while the EU stands divided

Although it is actually the world's leading economy, the EU is still divided and almost absent to Asian eyes. Chinese underdevelopment is at odds with the fact that China enjoys the largest foreign exchange reserve in the world. China trusts that by satisfying the financial needs of several EU member states it will win allies and so resist pressure from Brussels to revalue the yuan and to respect human rights. The 13th EU-China Summit did not reach specific agreements. Brussels failed to put across a coherent message to Beijing. China knows it, and is acting accordingly.