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BEIJING (AP) — China and the European Union have issued a joint call to action on climate change during an otherwise tense bilateral summit in Beijing on Thursday riven with major disagreements over trade and the war in Ukraine.
Ursula von der Leyen and António Costa, the heads of the European Commission and the European Council respectively, will be in Beijing for a summit to mark the 50th anniversary of diplomatic relations between China and the European Union.
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.
Elbridge Colby wants the U.S. military to pivot toward Asia, even if it means turning away from Europe and the Middle East.
Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce and President Donald Trump's shorter deadline for Russia to end the Ukraine war.
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's exports of key refined fuels are on track to jump to the highest in 16 months as refiners take advantage of rising profit margins.
China controls 85 per cent of global rare-earth processing, a significant risk for Europe. Breaking free from China’s dominance of rare earths will not be a simple feat for the European Union, even though both sides reached a tentative deal to ease Beijing’s limitations on their exports.