"...create political openings for the Europeans and China to exploit and become equals in global economic matters,..."
This seems like an inevitability , unless we are fighting them , it is a good thing.
China quit fighting Capitolism and the US and suddenly there are more Millionairs in China than in Europe.
Perhaps Europe should quit fighting Capitolism?
A world in which a high standard of living is common across the globe is a good thing for Capitolism , probably nothing could be better for it. Chineese as consumers is a really huge market , their demand for a higher standard of liveing makes the sellers of all the rest of the world optomistic.