“I hope you can become our townspeople,” he told a business round table. ![]() Li, seen as the most business-friendly member of President Xi Jinping’s inner circle, wrapped up a talk at the World Economic Forum’s New Champions meeting with a play on words in Chinese - mixing the word ‘laowai’, which means foreigner, with the term ‘laoxiang’, which means ‘townspeople’. At a forum in Tianjin last month, Chinese Premier Li Qiang took the opportunity to make the foreign executives in attendance feel welcome.
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