China, European Union and Beijing
Digest more
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.
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.
European businesses expressed enthusiasm to further tap into potential cooperation in greenfield cooperation with their Chinese partners, following the release of a joint statement on climate change by Chinese and EU leaders that injects new impetus into collaboration in the booming green sector.
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.
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.
Deckers Outdoor topped estimates for first-quarter results on Thursday, fueled by robust demand in international markets such as Europe and China for its Hoka and UGG brands, sending shares of the footwear maker up about 9% in extended trading.
In Europe, the shift has been palpable. While trade remains robust between the European Union and China, policymakers in many of the continent’s capitals share the United States’ skepticism ...
European leaders are meeting with top Chinese officials in Beijing to discuss trade, climate change and global conflicts.
Russia’s gas output declined in the first half of the year as higher exports to China and increased domestic demand failed to make up for lost flows to Europe via Ukraine.