Kremlin: The meeting between Biden and Xi Jinping is important for the whole world

• Financial

Today's summit between US President Joe Biden and Chinese President Xi Jinping has been designated as globally significant by the Kremlin, emphasizing its importance amid escalating tensions between the two superpowers. Dmitry Peskov, the spokesperson for Russian President Vladimir Putin, highlighted the legitimacy of bilateral relations between the two nations, stating that every meeting between the world's largest economies holds significance for the entire globe.

Set against the backdrop of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, the leaders are convening at the scenic Filoli estate. Sources familiar with the meeting plan suggest that the discussions will span approximately four hours, covering a spectrum of bilateral and global issues.

The outcomes of this summit are poised to shape international relations and economic dynamics, underscoring the consequential role played by the interactions between the United States and China in the contemporary geopolitical landscape.

The summit is set to take place at the prestigious Filoli estate located south of San Francisco, coinciding with the Asia-Pacific Economic Cooperation (APEC) summit being hosted by San Francisco. Sources familiar with the meeting's agenda have disclosed that Presidents Biden and Xi are expected to engage in substantive discussions covering both bilateral issues and broader global concerns during the approximately four-hour session.

Chinese President Xi Jinping has already arrived in San Francisco, ready to participate in the APEC summit and engage in talks with President Biden. Although initially described as taking place at a "secret location," it has been revealed that the meeting will occur at the Filoli estate.

This venue, sprawling across 265 hectares, boasts a Colonial Revival-style palace, English Renaissance gardens, a 2.8-hectare orchard, and a 1.6-kilometer walking trail. As the leaders convene against the backdrop of the Filoli estate's natural splendor, the extensive grounds may well facilitate a conducive atmosphere for frank discussions on the complex array of issues facing the United States and China.

The outcome of this summit could have far-reaching implications for the global geopolitical landscape, making it a focal point of international attention.