Xi's speech in Davos receives warm applause

Klaus Schwab

Founder and Executive Chairman of World Economic Forum

"This is a very important speech at an important moment."

"We're living in a global, independent world and we cannot recreate artificial borders. Globalization is a win-win situation and we have a common density as humankind," Schwab said. "Your commitment, Mr President, to the innovative, open and inclusive world is crucial."

He acknowledged the "Chinese Dream" initiated by Xi and called for a "Global Dream", a dream of a world that remains innovation, open and fair.

"We cannot go back to old policies and it will be inappropriate for us to use old methods," Schwab said. "As you committed to approach global governance and global cooperation in a new way, we need new ideas here to refresh the new world."