China's Quiet Diplomacy at Davos: A Strategic Move

China's Deliberate Low Profile

China made a deliberate choice to keep a low profile at this year's Davos meeting. While the United States took a more vocal approach, China focused on building trust with Western investors. This strategy seems to be paying off, as some business leaders see China benefiting from the tensions between the U. S. and Europe.

Key Highlights

• Vice-Premier He Lifeng's Speech: Shorter than U. S. President Donald Trump's, emphasizing China's interest in importing more goods and services.
• Shift from Exports: A notable change from China's usual focus on exports.
• Challenges Ahead: Continued export of manufacturing over-capacity, especially in the electric vehicle industry, could create trade friction.

Intimate Approach

China's approach at Davos was more intimate. Unlike the U. S., which hosted a large reception, China had a smaller lunch with Western executives. The message was clear: "We are open for business."

Business Leaders' Perspective

Some business leaders believe China's patient and steady approach will pay off. They see China as a reliable partner, especially as the U. S. becomes less predictable.

International Reactions

• Canada's Prime Minister Mark Carney: Praised China's stability and encouraged EU leaders to consider investing in China.
• Britain and China: Working to revive their business ties.
• Finland: Planning a visit to China with a business delegation.

Learning from Past Mistakes

China seems to have learned from its past mistakes. Three years ago, crackdowns on real estate, tech firms, and education hurt investor confidence. Now, China is trying to be more steady and predictable. This could make it a more attractive partner for Western investors.