Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn Illustration by Tim Marrs Earlier this month, China’s economic tsar, Liu He, took the stage at the World Economic Forum in Davos like a salesman delivering a carefully practiced pitch. With thinning gray hair and reading glasses, the 71-year-old Harvard graduate methodically laid out for the audience how to better understand the Chinese economy. “Entrepreneurship is a key factor for wealth creation of a society,” Liu said. “Therefore, entrepreneurs, both Chinese and foreign, will play an important role as the engine driving China’s historical pursuit of common prosperity. If wealth doesn’t grow, common prosperity will become a river without source or a tree without roots.” Liu He at the WEF Annual Meeting in Davos, Switzerland, January 17, 2023. Credit: WEF via Flickr The message — that China is open for business — likely caused some head scratching in the Davos audience. As Xi Jinping’s right-hand-man on the economy, Liu himself oversaw the “tech crackdown” of the last three yeSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.