Klaus Schwab believes China is a role model for the rest of the world

Video Transcript:

Now, the base has been formed, but we have to go one step further. We have to have a strategic mood. We have to construct the world of tomorrow. It's a systemic transformation of the world. So we have to define how the world should look like, which we want to come out of this transformation. But how to bring everybody on board? So it's now the opinion globalization has failed, and we are entering into a nearer of the globalization. I think that's wrong. I respect China's achievements, which are tremendous over the last over 40 years since the opening up and policy and reform policy came into action. I think it's a whole model for many countries, but I think also we should leave it to each country to make its own decision what system it wants to adapt. And I think we should be very careful in imposing systems. But the Chinese model is certainly a very attractive model for China. No.