Is China’s About-Face Real? Better Ask the Chinese
Leaders appear to be making headway convincing Western investors that the country is open for business again. But they face a more skeptical audience at home.
Liu had a message to deliver at Davos.
Photographer: Stefan Wermuth/BloombergFew governments can match China’s ability to flip from bullying to charming with barely a pause for breath. The latest example: the government’s campaign to convince executives and investors — both abroad and at home — that China is open for business again.
At Davos last month, outgoing Chinese Vice Premier Liu He, a highly respected pragmatist and confidante of President Xi Jinping, reportedly left a strong impression on Western corporate titans with assurances that “China is back” and once again on the path of “reform and opening up” that drove its decades of spectacular growth.