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.

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.

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.

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.

China summit, the European Union announced on Thursday a tentative agreement with China to alleviate restrictions the country had placed on critical exports of rare earths. How soon might this agreement yield results?

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.

E.U. leaders are in Beijing to mark 50 years of diplomatic relations with China, but they have major disagreements over trade and Russia’s war against Ukraine.

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

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.