A possible China-US-Russia summit has prompted alarm of a modern-day Yalta Conference, with three powerful men carving up the world β with little regard for Ukraine, Europe and Taiwan or anyone else.
But apart from an historic photo opportunity, the meeting between Presidents Xi Jinping, Donald Trump and Vladimir Putin at the Nov 18-19 APEC summit in Shenzhen will likely achieve little, analysts say.

Spheres of influence
When then US president Franklin D. Roosevelt, Britainβs Winston Churchill and Soviet leader Joseph Stalin met in Yalta in February 1945, they laid out the post-WWII settlement and new territorial boundaries in Europe.
That meeting in Yalta, then in the Soviet Union and now in a part of Ukraine annexed by Russia in 2014, laid out the foundations for the Soviet domination of Eastern Europe and the Cold War.
Ukraineβs President Volodymyr Zelensky has raised alarm that Shenzhen could be a Yalta-like βredistribution of spheres of influenceβ for the 21st century.
At talks in Abu Dhabi this week β the first since February β Russian negotiators rattled Ukraine and its European supporters by pushing a review of the continentβs security architecture as part of any peace deal, with the US also floating a new framework.
Russiaβs delegation chief in Abu Dhabi, Vladimir Medinsky, fanned such fears by questioning the inclusion of Europe in further talks.
The trilateral rankles because it signals βthe idea that a few great powers can decide the security and future of other countries over their headsβ, according to Tsiporah Fried at the Hudson Institute.
The format alone βwould already send a message about who counts, and whose interests can be negotiated by othersβ, she told AFP.
Divergent interests
Beyond the symbolism, however, divergent interests make the creation of a new world order in Shenzhen unlikely.
Even the agenda reportedly remains contentious: Russia has suggested the meeting focus on Ukraine, Trump has pushed for talks on nuclear weapons and the Iran war, and China has remained tight-lipped on both.
βThe three parties have vastly different demands, making the management of expectations difficult. There is a high probability that talks could end without a breakthrough,β according to Wang Wen, dean of the Chongyang Institute for Financial Studies at Renmin University in Beijing.
There are also few issues where input from all three leaders could bring progress.
The main points of contention between Beijing and Washington are trade and the AI technology race, for instance.
Beijing β which presents itself as a champion of multilateralism β has repeatedly said that Europe should be part of peace negotiations over Ukraine.
German President Frank-Walter Steinmeier said that in a recent meeting, Xi showed βirritationβ when the idea of the trilateral talks covering Ukraine came up.
βHe explicitly pointed out that this is a European conflict, in which the Europeans must also be at the table,β Steinmeier told ARD.
On nuclear disarmament, China has long insisted that the US and Russia reduce their own giant nuclear arsenals before it agrees to talks on its own stockpile.
The summit therefore is more likely to produce minor outcomes such as crisis hotlines or some cooperation on counter-terrorism, public health, or climate change, Wang told AFP.
βThere is no single enemy to unite all three great powers the way that the fight against Nazi Germany united Roosevelt, Churchill, and Stalin,β said Wen-Ti Sung, a political scientist at Australian National University.
βIt follows that piecemeal horse-trading is in; a grand bargain is out.β However, Taiwan β which China claims β will still be watching the meeting closely, Sung said.
βIf the Trump administration is open to abandoning one partner (Ukraine) out of convenience, then it can abandon another,β he said.
A post-Shenzhen world
The Trump administration has sought to reassert US dominance over the βWestern hemisphereβ β including by capturing Venezuelan President Nicolas Maduro in January β but splitting the world among great powers like itβs 1945 may not guarantee security.
China has opposed the logic of Yalta β the clandestine division of spheres of influence and major powers determining the fate of other nations β βfrom the very beginningβ, according to Renmin Universityβs Wang.
China could allay fears of a second Yalta by using the summit to βemphasise the defence of sovereignty and support for multilateral organisationsβ, Wang said.
If Beijing uses the meeting to insist on European inclusion in talks regarding the continentβs security, it βcould, in fact, open a new window for communication between China and Europeβ, he said.
βThe original Yalta opened the path to the Korean War and Indochina Wars in addition to various conflicts and insurgencies across Asia, Africa, and Latin America,β said Chong Ja Ian at the National University of Singapore.
Any Yalta 2.0 agreement βwill almost certainly run into the same kinds of issuesβ, Chong said.
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