🐉 — The Dragon Rising... 🇨🇳 🇪🇺 — #Ursula von der Leyen acknowledged that the trade deficit between the #EU and #China is approaching €1 billion per day. Imports from China have increased by 45% over five years, while exports to China are declining, and the deficit is expected to increase by another 10% in 2026. #Europe is dependent on China for 80% or more of its supply of critical raw materials, and for 90% of certain rare earth elements.