The founder and chairman of the World Economic Forum, Klaus Schwab, recently gave an interview to a representative of the Chinese government. mass media and hailed China as a “role model” for other countries.
Schwab, 84, made these comments during Interview with CGTN’s Tian Wei on the sidelines of last week’s APEC leaders’ summit in Bangkok, Thailand.
Schwab said he respects China’s “tremendous” achievements in modernizing its economy over the past 40 years.
“I think this is a role model for many countries,” Schwab said, before clarifying that he thinks each country should make its own decisions about what system it wants to adopt.
“I think we have to be very careful about imposing systems. chinese model this is certainly a very attractive model for a number of countries,” Schwab said.
Schwab did not specify which aspects of the Chinese model he liked and which would be beneficial to other countries.
China is under the absolute rule of the Chinese Communist Party (CCP), which does not allow people to practice the religion or belief of their choice and does not tolerate dissent or criticism.
In 2014, the CCP announced moral rating system while individuals, government organizations and companies are ranked on the basis of social credit. Comparisons have been made to environmental, social and governance indicators, or ESG, which are used by major financial institutions and global organizations to create a social credit system designed to influence behavior and transform society.
In 2019, Schwab wrote that ESG scores are necessary for stakeholder capitalism.
“Stakeholder Capitalism, a model that I first proposed half a century ago, positions private corporations as society’s trustees and is by far the best answer to today’s social and environmental problems,” he wrote. “We must seize this moment to ensure that equity capitalism remains the new dominant model.”
In 2020, without any accountability or transparency, the Chinese government rammed through a “national security” law for Hong Kong that critics say gave the authorities a pretext for a brutal crackdown on pro-democracy activists.
More recently, Western countries have accused China of sending at least a million Uyghurs and other ethnic minorities to detention camps, where many say they were tortured, sexually harassed and forced to renounce their language and religion.
Beijing denied these accusations, calling them fabricated by Western countries.
Teni Sahakian of FOX Business contributed to this report.