Biden’s Inflation Solution May Be Staring Him in the Face—China

On the surface, the virtual meeting between President Joe Biden and China’s Xi Jinping was a bit of a nonevent. There were no major breakthroughs to speak of and the leaders of the world’s two largest economies traded warnings over Taiwan as expected.

The rhetoric around the self-ruled island wasn’t so much ramped up but reiterated by both sides. Biden underscored that the U.S. “strongly opposes unilateral efforts to change the status quo or undermine peace and stability across the Taiwan Strait,” the White House said. Xi...