The US president has dismayed the world; Xi Jinping has wooed it. This could be a huge win for Beijing

‘Xi Jinping reminded his audience of China’s contribution to global economic stability since the financial crisis, of an average of 30% of global growth each year.’ Photograph: POOL/Reuters
Friday 3 February 2017 01.30 EST Last modified on Friday 3 February 2017 06.15 EDT
Two years ago, some European and US experts gathered to discuss China in an elegant English country house. The setting was seductive, but the mood was dark. Two years into Xi Jinping’s presidency, China’s politics were turning away from the liberalising trend of the previous three decades, towards a hard-edged nationalism that was discomfiting China’s immediate neighbours and their western allies.