Good cop "Uncle Wen" makes nice @ WEF event

WSJ coverage of World Economic Forum event in Tianjin, where Chinese premier Wen Jiabao went out of his way to combat the nation's growing image as inhospitable to foreign business.

Naturally, a WEF event in China is going to feature a certain amount of self-censorship by foreign businesses, thus allowing Wen's comeback to basically go unchallenged.

Still, the key is he acknowledged policy missteps by China.

It will--for a very long time--remain a tricky balancing act for China:  trying to divert continued economic growth inland while not being too stingy on foreign penetration.