China, European Union
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Chinese leader Xi Jinping urged the European Union to make “the right strategic choice” and enhance cooperation with China, while EU leaders called for a rebalancing of trade ties, as the two sides tackle deep-seated grievances at a tense summit in Beijing.
A joint statement promised new efforts to cut emissions at a time when China is positioning itself as the world’s one-stop shop for clean energy technologies.
In May EU leaders said they were ready to “work hand in hand” with China to deal with “common challenges”. But the Europeans’ short-lived friendliness was as much an attempt to manipulate the Americans as it was a bid to woo the Chinese,
China is a "critical partner" to Europe with a range of shared interests, state news agency Xinhua said in a commentary piece, downplaying Beijing's rivalry with the European Union bloc hours before a key summit between leaders of both sides on Thursday.
The European Union is reassessing its ties with China strained relations with the United States. Tensions with the U.S., including trade wars and shifting alliances, have pushed EU leaders to explore reducing reliance on Washington.
Europe still imports vastly more from China than it exports, a reflection of the level of dependency it has on China. In 2022, the trade deficit was €396bn ($436 billion), more than double that ...
And China’s strategic goals, such as reunifying with Taiwan and expanding power into the South China Sea, were far away from Europe’s core interests. For both China and its European partners, the 16+1 group also seemed to make sense historically: the world’s second-largest economy and its European partners shared a socialist heritage.
China has accused some European Parliament members of "grossly interfering" in its internal affairs following a meeting between European lawmakers and Taiwanese President Lai Ching-te last week.