European Union and Chinese leaders are meeting in Beijing to mark the 50th anniversary of diplomatic relations, but the summit is overshadowed by escalating trade disputes and strategic mistrust.
Both sides are grappling with the fallout from U.S. trade policies, yet remain divided on key issues such as market access, critical minerals, and support for Russia. Expectations for meaningful progress are low, with officials on both sides acknowledging that even holding the summit is an achievement. European businesses are caught in the crossfire, facing uncertainty as the world's major economies risk further economic conflict.
Despite calls for cooperation on climate and business, the mood is tense and prospects for a breakthrough are slim.
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