New Delhi, July 18 China's mounting economic vulnerabilities are creating fresh strategic and economic risks for Europe, with Beijing becoming more assertive at home and abroad despite slowing growth, a report has said.According to an analysis by The Diplomat, Europe has long assumed China's rise would continue uninterrupted and eventually lead to political liberalisation. However, with those expectations proving misplaced, the European Union needs to adopt a more pragmatic and interest-driven approach towards Beijing, it said.China remains a global industrial powerhouse, technology innovator and geopolitical force, but is increasingly weighed down by structural challenges, including an ageing population, a shrinking…