ASSOCIATING THE 'DAVOS SPIRIT' WITH CHINA'S RISING ECONOMY

World Economic Forum founder Klaus Schwab, a winner of the China Reform Friendship Medal, made tremendous efforts to work with the country after the launch of opening-up

The World Economic Forum has been a key backer of China's efforts to re-engineer the global economic order to make it more open and multilateral, and able to better address concerns arising from resistance to globalization.

As its founder and executive chairman, Klaus Schwab has embraced China's firm belief that economic globalization has the potential to deliver wealth and welfare to people around the world.