The Summary Innovation Index including indicators such as R&D Intensity，S&T Human Resources and Innovation performance shows that the present technology capability of the EU is still lagging behind that of the US and Japan，but the gap is gradually narrowing. The European sovereign debt crisis has slowed down the pace of the European economy recovering from recession，and at the same time，the enterprises have been forced to reduce R&D investment，thus weakening the overall technological development and innovation performance of the EU as a whole. The EU put forward the biggest ever investment plan in research and innovation in order to help realise economic recovery as soon as possible，with FP7 at its core，which has made contributions to speeding up the process of the European Research Area. In the meanwhile，the EU prioritizes its actions on the Information Society and low-carbon technologies for keeping and upgrading its S&T competitiveness in the future. S&T international cooperation，especially that between China and the EU，has become one of the major pillars for strengthening the EU’s strategic status in the global S&T.