NPR.

In the past

In the past decade.

In the past decade, the US has had three different presidents.

And during that same period, China has had one president,

She Jin Ping.

Tomorrow, President she will sit down with U.S. President Joe Biden

at an Economic Summit in California.

It'll be a rare face-to-face meeting between the leaders of the world's

two biggest economies.

This is the indicator for Planet Money, I'm Adrian Ma.

Today on the show, NPR's China correspondent, John Ruich explains why all eyes at this summit will be on these two men, and what

is at stake for both their countries?

NPR's John Ruich, thanks for making time.

I thought she might be in Shanghai right now.

Oh yeah, I kind of wish I was, although the action seems to be here in the Bay Area.

Well, thanks for being here.

Let's jump to it.

So this meeting between Biden and Shee is going to be taking place at the same time as this thing called

the Asia Pacific Economic Cooperation Summit or

Apec for short. Yeah, Apex's a grouping of 21 economies from around the

Asia Pacific ranging from clearly China, the United States, Russia is a member, it accounts for over 60% of global GDP,

...