The latest EU-China summit in Beijing, marking 50 years of diplomatic ties, was dominated by escalating tensions over trade imbalances and China's stance on Russia's war in Ukraine.
European leaders pressed China to open its markets, address overcapacity, and reduce its trade surplus, while also urging Beijing to use its influence to help end the conflict in Ukraine. Despite the friction, both sides managed to agree on joint action against climate change, but made little progress on other contentious issues. The summit, scaled back from two days to one, underscored the deepening mistrust and the urgent need for a 'rebalancing' of the economic relationship.
Leaders on both sides acknowledged that EU-China ties are at a critical 'inflection point,' with future cooperation hanging in the balance.
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