“China is a model for many countries,” said World Economic Forum President Klaus Schwab on Chinese state television.

Founder and President of the World Economic Forum Klaus Schwab recently sat down for an interview with a Chinese state media outlet and declared that China was a “role model” for other countries.

Schwab, 84, made the comments during an interview with CGTN’s Tian Wei on the sidelines of the Asia-Pacific Economic Cooperation Organization CEO Summit last week in Bangkok, Thailand.

Schwab said he respects the “tremendous” achievements China has made in modernizing its economy over the past 40 years.

FILE: World Economic Forum (WEF) President and CEO Klaus Schwab sits, while German Chancellor Olaf Scholz (not pictured) addresses delegates, during the final day of the World Economic Forum in Davos, Switzerland on May 26, 2022.
(Reuters/Arnd Wegmann)

“I think it’s a role model for many countries,” Schwab said before qualifying, before qualifying that he believes each country should make their own decisions about which system they want to adapt.

“I think we have to be very careful in imposing regulations,” Schwab said. “But the Chinese model is certainly a very attractive model for a good number of countries.”

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Schwab did not say what aspects of the Chinese model would appeal to him, nor which aspects 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.

FILE: Germany's Klaus Schwab, founder and president of the World Economic Forum, points during a news conference, in Cologne near Geneva, Switzerland, Tuesday, January 10, 2017.

FILE: Germany’s Klaus Schwab, founder and president of the World Economic Forum, points during a news conference, in Cologne near Geneva, Switzerland, Tuesday, January 10, 2017.
(The Associated Press)

In 2014, the CCP announced a moral rating system whereby individuals, government institutions, and businesses are rated on the basis of social credit. Comparisons have been drawn to the Environmental, Social and Governance, or ESG, scores that major financial institutions and global organizations use to create a type of social credit system designed to influence behavior and transform society.

Schwab wrote in 2019 that ESG scores are essential to stakeholder capitalism.

“Stakeholder capitalism,” he wrote, “a model I first proposed half a century ago that positions private corporations as guardians of society is clearly the best response to current social and environmental challenges.” “We must seize this moment to ensure that stakeholder capitalism remains the dominant model.” the new”.

In 2020, without any accountability or transparency, the Chinese government imposed a “national security” law in Hong Kong, which critics say gave the authorities a pretext to brutally crack down on pro-democracy activists.

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Recently, Western countries have accused China of confining at least a million Uyghurs and other ethnic minorities to internment camps, where many say they have been tortured, sexually assaulted and forced to abandon their language and religion.

Beijing denied these accusations, describing them as fabricated by Western countries.

FOX Business’ Tini Sahakian contributed to this report.

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