Ian Bremmer's Quick Take: The G-20 of course is in full swing in Bali, Indonesia, and the first face-to-face meeting that Biden has had with Xi Jinping as president. And we shouldn't underestimate this. It's quite unusual. I mean, really unheard of, unprecedented that the two most important leaders on the global stage would have not met in person for two years. And that is indeed the case for Xi Jinping and President Biden. And it's particularly important because these are two leaders that know each other quite well and for a long time. When Biden was vice president, he had a lot of face time in many different venues with then-Vice President Xi, and they got along quite well. They actually like each other, they respect each other. I wouldn't go so far as to say they have a strong relationship of trust, but they enjoy each other's company.

And that's something that you get from Biden when you talk to him. You get the sense that he actually finds that Xi is someone he can deal with. And Biden's perspective on the world is informed by this "great man theory" of international diplomacy, that if you spend enough time with another human being, usually you can improve the relationship. And certainly, I think a big part of this meeting, a three-hour meeting that these two leaders just had on the sidelines of the G-20 is going to make a difference in slowing the escalation and the deterioration of the relationship between these two countries.