Biden and Xi hold high-stakes meeting today in Northern California

President Biden and Chinese President Xi Jinping have begun talks Wednesday on the sidelines of the Asia-Pacific Economic Cooperation gathering, as Mr. Biden looks to manage the relationship between the world’s two largest economies. The two men grasped hands ahead of their bilateral meeting at the Filoli Historic House & Garden in Woodside, California, just outside of San Francisco. At the top of their bilateral meeting, Mr. Biden said there is no substitute for face-to-face discussions, and it’s important to ensure that “competition doesn’t veer into conflict.” “I value our conversation because I think it’s paramount that you and I…