EU hoping to manage 'changing China'

European Union leaders have been invited to join their counterparts in Hiroshima later this week at the summit of the Group of Seven nations. They took time in Brussels on Monday to outline their priorities.

European Commission President Ursula von der Leyen and European Council President Charles Michel want to discuss how to manage the relationship with a "changing China." They want to "reduce strategic dependencies" and strengthen their own "economic vibrancy. "

"We seek a multifaceted approach to our economic relationship with China," von der Leyen said. "It is characterized by derisking, not decoupling."

The leaders invited to Hiroshima are also set to revisit their financial and military support to Ukraine. President Volodymyr Zelenskyy outlined a peace proposal last year that included the withdrawal of Russian troops and security guarantees. Von der Leyen said the leaders should base their efforts on his formula.