Geopolitics
Renewed intentions
The Boao Forum for Asia – otherwise known as “Asian Davos” – is back with a bang. The four-day annual summit, now underway on China’s southern island of Hainan, has pulled in the head of the IMF and the prime ministers of the Netherlands and Singapore, as well as leaders from technology giants Alibaba and Didi Chuxing. All are in attendance to hear Xi Jinping set out a slew of market reforms in a speech likely to cement his position as globalisation’s cheerleader in chief. It’s been two years since Xi made an appearance at the forum and he won’t want to miss a symbolic trick: Beijing is marking 40 years since former leader Deng Xiaoping’s open-door policy in 1978, which first allowed foreign businesses to invest in communist China. Rumblings from Washington about a trade war are only likely to bolster Xi’s standing abroad and prove a boon for the Boao Forum.