Founder and Chairman of the World Economic Forum Klaus Schwab recently sat down for an interview with a Chinese state media and proclaimed that China was a “role model” for other countries.
Schwab, 84, made these comments during an interview with CGTN’s Tian Wei on the sidelines of the APEC CEO Summit last week in Bangkok, Thailand.
Schwab said he respected China’s “massive” achievements in modernizing its economy over the past 40 years.
“I think it’s a role model for a lot of countries,” said Schwab, before qualifying that he believes each country should make its own decisions about which system it wants to adapt.
“I think we have to be very careful about imposing systems. But the Chinese model is certainly a very attractive model for quite a few countries,” Schwab said.
CHINA CONSIDERING $700 CHECK SAVINGS FOR ALL CITIZENS DUE TO COVID-19 ECONOMIC STRUGGLE
Schwab did not elaborate on what aspects of the Chinese model appealed to him, nor what benefits it would have for other countries.
China is ruled by 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 a moral ranking system that ranks individuals, government organizations, and corporations based on 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 designed to influence behavior and transform society .
Schwab wrote in 2019 that ESG scores are necessary for stakeholder capitalism.
“’Stakeholder capitalism,’ a model I first proposed half a century ago, positions private corporations as stewards of society and is clearly the best response to today’s social and environmental challenges,” he wrote. “We must seize this moment to ensure stakeholder 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, which critics say gave authorities a pretext to brutally crack down on pro-democracy activists.
CLICK HERE TO RECEIVE THE FOX BUSINESS APP
More recently, Western countries have accused China of putting at least a million Uighurs and other ethnic minorities in detention camps, where many said they were tortured, sexually assaulted and forced to give up their language and religion.
Beijing has denied these allegations as a fabrication of Western countries.
Teny Sahakian of FOX Business contributed to this report.