China is courting the next Tesla to save its troubled economy

News Snapshot:

Xi Jinping has recently been meeting with American business and academic leaders. This trend has become characteristic of his leadership style over the last year. With each meeting, Xi has meticulously laid out China’s rosy economic prospects, underlining the nation’s steadfast commitment to reform and opening up, all to attract more foreign investment. Whether he is meeting with Bill Gates, Elon Musk or Stephen Schwarzman, Xi consistently emphasizes a key concept: The hope for U.S.-China relations lies in the people. What he really means is that the hope for Sino-U.S. relations lies in the business community. In contrast, interactions with...