Reykjavík 1972, Reykjavík hosted the world chess championship between Bobby Fischer and Boris Spassky. The 1986 Reykjavík Summit between Ronald Reagan and Mikhail Gorbachev underlined Reykjavík's international status. Deregulation in the financial sector and the computer revolution of the 1990s again transformed Reykjavík. The financial and IT sectors are now significant employers in the city. The city has fostered some world-famous talents in recent decades, such as Björk, Ólafur Arnalds and bands Múm, Sigur Rós and Of Monsters and Men, poet Sjón and visual artist Ragnar Kjartansson. Reykjavík is located in the southwest of Iceland. The Reykjavík area coastline is characterized
1989 Sino-Soviet Summit 1989 Sino-Soviet Summit The four-day Sino-Soviet Summit was held in Beijing from May 15–18, 1989. This would be the first formal meeting between the Soviet Communist leader and the Chinese Communist leader since the Sino-Soviet split in the 1950s. The last Soviet leader to visit China was Nikita Khrushchev in September 1959. Both Deng Xiaoping, the paramount leader of China, and Mikhail Gorbachev, General Secretary of the Communist Party of the Soviet Union, proclaimed that the summit was the beginning of normalized state-to-state relations. The meeting between Mikhail Gorbachev and then General Secretary of the Communist Party of China (CPC),