Vincent Boland: All in the Games: Winter Olympics will reflect the new China

Recent developments suggest Beijing feels it no longer needs the West’s money. But a retreat from Western financial markets might not be all bad – if it results in domestic reform and a crackdown on corruption

Picture of China’s president, Xi Jinping, at the Museum of the Communist Party of China in Beijing. In 2008, the country was at an advanced stage of integrating into the international system. Now it appears to be having second thoughts. Picture: Getty