China, European Union and Beijing
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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.
After Trump’s election, China and Europe sought warmer ties, but rifts over Russia and trade sparked conflict.
Alfred Schipke, Director of the East Asian Institute at the National University of Singapore, discusses the trade relationship between EU and China, saying there are low expectations heading into the two trading partners' summit in Beijing.
Beijing is betting that economic pressure and diplomatic defiance will force concessions, but its stance could put more strain on its ties with Europe at a crucial time.
Half a century after the establishment of relations between China and the EU, and against a backdrop of deteriorating transatlantic relations, the European Union and China held their 25th summit in Beijing.
Silicon Valley startup xLight has raised $40 million, aiming to build the first prototype of a new class of laser that could shake up the global chip industry and reclaim U.S. leadership in a field that China is aggressively investing in.
European leaders are meeting with top Chinese officials in Beijing to discuss trade, climate change and global conflicts.