From European Institute for Asian Studies (link):
The regional influence of the European Union, United States and People’s Republic of China has begun to take on a new dimension as the three powers engage in strategic dialogues and partnerships, which might eventually lead to an EU-US-China Strategic Grand Triangle. Will growing interdependence, new global challenges and the ‘Peaceful Rise’ of China lead to a shifting global balance of power? How can growing convergence and cooperation be managed in the face of increasing competition and strategic rivalries?