China and the European Union have issued a joint call to action on climate change during a tense summit in Beijing.

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.

After a “constructive” round of talks ahead of an Aug. 12 deadline, Treasury Secretary Scott Bessent said, “Nothing is agreed until we speak with President Trump.”

U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty.

The AI industry in China is shifting its focus from cash-burning large language models to business applications.

A new factory in Hungary will help the Chinese automaker take on auto giants like Volkswagen on their home turf.

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.

DA WEI is Director of the Center for International Security and Strategy and a Professor in the Department of International Relations at Tsinghua University.