In a recent phone call between European Council President António Costa and Chinese President Xi Jinping, both leaders emphasized the importance of mutual respect, equality, and sincere dialogue to advance cooperation between China and Europe.

This dialogue comes ahead of a planned joint summit in 2025 to celebrate the 50th anniversary of diplomatic ties, despite ongoing trade tensions.

The timing of the summit is critical due to rising trade tensions between the EU and China and the impending leadership of Donald Trump in the United States.

As the U.S. prepares for a new administration, Xi expressed a desire for a stable, healthy, and sustainable relationship with Washington, while also indicating China's readiness to defend itself against potential trade escalations.

The Biden Administration's recent restrictions on AI chip and technology exports to China have heightened these trade tensions, complicating the international landscape.

In addition, the European Commission's decision to impose additional taxes on Chinese electric vehicles has further strained relations, following investigations into unfair pricing due to Chinese subsidies.

These tensions are compounded by the EU's labeling of China as a 'systemic rival' in 2019, leading to increased competition and trade frictions.

During their conversation, Costa urged China to influence Russia to end its aggression in Ukraine, highlighting the conflict as a significant threat to global peace.

Xi echoed these sentiments, advocating for a comprehensive and lasting peace in light of the ongoing war in Ukraine.

Both leaders reaffirmed their commitment to multilateralism and free trade, emphasizing the need to avoid bloc confrontations and to work collaboratively on global challenges.

Preparations for the upcoming summit should prioritize strategic dialogue, climate change cooperation, and enhancing people-to-people exchanges to strengthen ties.

Both sides recognize the significance of their relationship and view the anniversary as an opportunity for a successful summit amidst current global uncertainties.