European Union leaders are meeting with Chinese President Xi Jinping in Beijing for a high-stakes summit marking the 50th anniversary of EU-China diplomatic relations. The summit comes amid escalating trade tensions, mutual accusations of unfair practices, and growing strategic mistrust, particularly over issues like the Ukraine war and global power dynamics. Expectations for major breakthroughs are low, with both sides bracing for difficult talks and little hope of resolving key disputes, especially in the automotive and technology sectors. European businesses are caught in the crossfire, as the EU seeks to reduce its dependency on China while maintaining economic ties. The summit highlights the narrowing options for cooperation and the urgent need for both sides to manage their differences to avoid further economic conflict.
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