The European Union and China have agreed on a new mechanism to help solve possible issues regarding exports, European Commission President Ursula von der Leyen said on Thursday, amid fears sparked by Chinese restrictions to rare earth exports.

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.

The European Union and China have reaffirmed their commitment on climate change, as leaders conclude scaled-back talks at a summit in Beijing. The two trading partners are marking 50-years of diplomatic ties,

BEIJING - Chinese Premier Li Qiang on Thursday called on China and the European Union (EU) to expand trade and investment ties to enhance their economic resilience and vitality, and to increase their ability to negotiate external uncertainties.

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.

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.

As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.

Expectations were low for the summit in the Chinese capital marking 50 years of diplomatic ties between Beijing and Brussels after weeks of escalating tension.