News Snapshot:
Chinese Vice Premier Liu He’s address at the World Economic Forum in Davos, Switzerland, was striking for its dishonesty and prevarication. It recalls novelist and political activist Mary McCarthy’s dismissal of fellow writer Lillian Hellman, when she said: “Everything she writes is a lie, including ‘and’ and ‘the.’” Liu argued, in essence, that “China is back.” He said China welcomes the return of foreign investment, and contended that investors should view China’s economy with optimism because of reforms and an end to an emphasis on ideology advanced by Xi Jinping, rather than economic prosperity. Liu also submitted that China’s economic...
