Shortly before she travels to China together with French President Emmanuel Macron, Commission President Ursula von der Leyen gave a keynote speech on European policy toward China. It was surprisingly clear, as Amelie Richter writes in her Analysis. „Our relations are unbalanced and increasingly distorted by China’s state capitalist system“, von der Leyen said, for example. Beijing is likely to be annoyed by these statements – and Brussels will probably not be happy either.