The Xi-Trump summit in Beijing did not reset the world. It did something far more useful. It afforded stability in a sea of uncertainty.
That should not be dismissed. In the present environment, stability is no small achievement. A war in the Persian Gulf. A disrupted Strait of Hormuz. Higher energy prices. Re-accelerating inflation. A strained Chinese economy. Midterm pressure in the United States. A still-dangerous Taiwan question.
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