European Union and Chinese leaders are meeting in Beijing for a high-stakes summit marking 50 years of diplomatic relations, but the mood is tense amid escalating trade disputes and strategic mistrust.
The summit comes as both sides face pressure from U.S. trade policies and struggle to resolve deep divisions over issues like market access, critical minerals, and the war in Ukraine. Expectations for major breakthroughs are low, with both parties bracing for difficult negotiations and limited deliverables. European businesses are caught in the crossfire, worried about the impact of worsening relations on their operations.
The summit highlights the narrowing options for cooperation as global power dynamics shift and economic competition intensifies.
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