"We have reached an inflection point." China and EU issue joint statement at summit amid strained relations: 'Relations need to be mutually beneficial' first appeared on The Cool Down.

An EU-China summit in Beijing wrapped up early on Thursday amid rising tensions, despite efforts to foster cooperation on trade, climate, and global stability.

China’s second-in-command Li Qiang had a self-deprecating response when confronted with criticism from a top European Union official that Beijing’s government subsidies played a role in contributing to global imbalances in manufacturing output and demand. The winning formula is working hard - perhaps too hard.

European leaders are meeting with top Chinese officials in Beijing to discuss trade, climate change and global conflicts.

BEIJING - 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.