U.S. President Joe Biden said China’s recent downturn could diminish any inclination by Beijing to invade Taiwan, adding that the country’s economic troubles have left his Chinese counterpart with "his hands full.”

The U.S. president, who traveled to Vietnam on Sunday following a gathering of the Group of 20 leaders summit in India, said he had met with Chinese Premier Li Qiang while at the summit. Pressed on why he hasn’t met with Chinese President Xi Jinping in 10 months, Biden said Xi "has his hands full right now.”

The Chinese president opted not to attend the G20 with no explanation given. The two leaders’ next best opportunity to meet will be at the Asia-Pacific Economic Cooperation summit in San Francisco in November.