Klaus Schwab, founder and chair of the World Economic Forum, recently sat down for an interview with a Chinese state media outlet and declared that China is a “role model” for other nations.
The 84-year-old Schwab made these comments during this time an interview With CGTN’s Tian Wei on the sidelines of last week’s APEC CEO Summit in Bangkok, Thailand.
Schwab said he respects China’s “enormous” achievements in modernizing its economy over the past 40 years.
“I think it’s a role model for a lot of countries,” Schwab said, adding that he thinks each country should make its own decisions about which system it wants to adopt before qualifying.
“I think we have to be very careful about imposing a system. But the Chinese model is certainly a very attractive model for many countries,” Schwab said.
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Schwab did not specify which aspects of the Chinese model appealed to him, or which would be beneficial to other countries.
China is completely ruled by the Chinese Communist Party (CCP) which does not allow people to practice a religion or belief of their choice, and does not tolerate dissent or criticism.
In 2014, the CCP announced Moral classification system Under which individuals, government organizations and companies are classified on the basis of social credit. Comparisons have been made with environmental, social and governance, or ESG, scores used by major financial institutions and global organizations to create a kind of social credit system for influencing behavior and changing society. is designed.
Schwab wrote in 2019 that ESG scores are essential to stakeholder capitalism.
“‘Stakeholder capitalism,’ a model I first proposed half a century ago, positions private corporations as trustees of society, and is clearly the best answer to today’s social and environmental challenges, ” he wrote. “We must seize this moment to ensure that the new dominant model of stakeholder capitalism survives.”
In 2020, without any accountability or transparency, the Chinese government stormed through a “national security” law for Hong Kong, which critics say authorities crack down on pro-democracy activists. Made an excuse to download.
More recently, Western countries have accused China of throwing at least one million Uyghurs and other ethnic minorities into concentration camps, where many have said they were tortured, sexually abused, and They were forced to give up their language and religion.
Beijing has dismissed the allegations as fabrications created by Western countries.
Fox Business’ Tenny Sahakian contributed to this report.