China is trying to win over Westerners and private firms

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China is trying to win over Westerners and private firms
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Expect reform to be the buzzword this year. But Xi Jinping is unlikely to change

Save time by listening to our audio articles as you multitaskChina’s leader, Xi Jinping

It may well be that China sees a need to adjust its tactics on a range of matters, both economic and diplomatic. At 3%, annualgrowth last year was the second-slowest since the death of Mao Zedong in 1976. America’s efforts to curb the flow of cutting-edge technology to China are frustrating Mr Xi’s ambitions for supremacy in the tech sector.

China is putting out feelers to other Western countries, too. While in Bali, Mr Xi also met Australia’s prime minister, Anthony Albanese. It was the first one-on-one encounter between the two countries at that level since 2016—Australia having offended China on numerous fronts, including by calling for an independent inquiry into covid’s origins. China appears to have eased a two-year ban on imports of Australian coal. And Mr Xi has stepped up the tempo of diplomacy with Europe.

Around the country, officials still pepper speeches with fawning references to Mr Xi and his leadership. China is still flexing its muscle around Taiwan . Even as they try to mend fences with Western countries, China’s envoys continue to use the sharp language about the West that has become a hallmark of diplomacy under Mr Xi. In Davos, Mr Liu may have said what his audience wanted to hear about China’s economy. But his call for an end to “cold-war” thinking was a veiled snipe at America.

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