China tells the world that the Maoist madness is over - we can all make money again

Source: The Telegraph

China tells the world that the Maoist madness is over – we can all make money again

Ambrose Evans-Pritchard
Tue, January 17, 2023 at 11:18 AM EST·6 min read

China has extended the olive branch to Western democracies and global capitalists alike, promising a new era of detente after the coercive “wolf warrior” diplomacy of the last five years.

Vice-premier Liu He, the economic plenipotentiary of Xi Jinping’s China, told a gathering of business leaders and ministers in Davos that China is back inside the tent and eager to restore the money-making bonhomie of the golden years.

“We must let the market play the fundamental role in the allocation of resources, and let the government play a better role. Some people say China will go for the planned economy. That’s by no means possible,” he said.

“All-round opening-up is the basis of state policy and the key driver of economic progress. China’s national reality dictates that opening up to the world is a must, not an expediency. We must open up wider and make it work better,” he told the World Economic Forum.

The choice of Liu He as messenger of conciliation is lost on nobody. ...

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