The summit will also serve as a follow-up to the summit for a new global financial pact, which was convened in Paris in June
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The world's 20 major countries formed an economic grouping after the Asian financial crisis in 1999 with the understanding that such crises could no longer be contained within a nation's borders and required better international economic cooperation
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Beijing has been taking steps to increase the supply of affordable housing in recent years as high housing costs in major cities shut out many young buyers
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"Why not, these are our neighbours. There's an old Russian saying: You don't choose your neighbours and it's better to live with your neighbours in peace and harmony," Interfax news agency quoted Shoigu as saying
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Premier Li Qiang will lead China's delegation, effectively indicating President Xi Jinping will not attend, scuppering chances of a meeting with Biden
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Elevated inflation, high import dependency amidst soaring global food prices, declining exports, and discouraging foreign direct investment flows pose a threat to the economic outlook
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The two presidents met in person for the first time since Biden assumed office during last year's G20 summit in Bali, Indonesia
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The two-day summit will showcase India's highest-profile guest list ever, from US President Joe Biden to French President Emmanuel Macron, German Chancellor Olaf Scholz and Saudi Crown Prince Mohammed bin Salman
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