Out of curiosity, why do you consider China a huge concern?
The Asians consider them a huge threat because of territorial claims in the South-China sea and we (India) also view them as the #1 threat now because of their land-grab along the Himalayan frontier but I'm a little confused as to why the Europeans should be in the same boat?
One for the other thread, but an overwhelming majority of European consumption originates, in some way or the other, in China.
Cars - steel, aluminium plastics, foam, fabric are all produced in China, EV batteries China controls 85% of the battery supply chain.
Food - machines that are used for processing/packaging etc are from China
Clothing - literally produced there
Smart phones - same as above
For Europeans its not about territorial claims, but more to do with a basic existential threat in case they decide to say "my toys, my rules".