This is mainly because the EU-China relationship continues to be dominated by the economic interests of individual member states, both in trade and increasingly in investments. Furthermore, due to a lack of direct security interests in the Asia-Pacific, Europeans do not generally see China as a security threat or a strategic competitor. Therefore, the EU has so far failed to develop a strategic approach toward the potential security implications of transfers of European militarily sensitive technologies that goes beyond the existing arms embargo and currently lacks effective mechanisms to control the flow of such technologies to China.