President Biden indicated that China’s current economic downturn could lessen the likelihood of an invasion of Taiwan. The comment came during Biden’s trip to Vietnam following the G-20 summit in India, where he met with Chinese premier Li Qiang. Biden has not met with Chinese president Jinping in 10 months and stated that Xi “has his hands full.” Xi was notably absent from the G-20 summit. Meanwhile, China aims to ban the use of iPhones in state-owned enterprises, which could impact Apple Inc. adversely. That expands on prior restrictions targeted at government agencies.