Germany and France want the EU to be able to cut China off from its market
"What the two leading European capitals are signaling is a desire to change their approach and introduce a more structured, comprehensive set of policies to slow the impact of the second Chinese shock on European industry," points out Sander Tordoir, chief economist at the Centre for European Reform.
"Germany has gone from being the main brake on stronger European trade tools to actively supporting a number of concrete proposals," Tordoir adds.