US President Joe Biden and China’s Xi Jinping held a Summit on November 15. The venue was a sprawling mansion in California. The talks were 4 hour long. And world media cannot stop talking about it. Many are calling it the big truce given the frost in US-China relations in recent times. But is it a truce? Or just a delicate balancing act amid global conflicts? Hindustan Times’ Shishir Gupta gives the lowdown.