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“China also wants more access to cutting-edge chips made by US companies needed to develop frontier AI models.”

“Although the panel focused on trade and investment between China and Europe, ongoing US-China rivalry was the elephant in the room.”

“Although the panel focused on trade, and investment between China and Europe, ongoing US-China rivalry was the elephant in the room.”

“The bloc is also particularly dependent on China for a number of raw materials, not least rare earths, and is increasingly reliant on both the US and China for high-tech imports and services, particularly in computing and the so-called AI sector.”