China, Beijing and European Union
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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.
That's the approximate size of the European Union's trade deficit with Beijing, which has doubled over the past decade and become a larger issue for the bloc's officials. "We need to see progress on this issue,
Expectations are rock-bottom for an EU-China summit on Thursday that will test European resolve and unity as the bloc faces intense trade pressure from both Beijing and the United States, analysts say.