China is a "role model" for other countries, said Klaus Schwab, founder and chairman of the World Economic Forum, in an interview with CGTN on the sidelines of the APEC CEO Summit.
Schwab said he respected China's "tremendous" achievements in modernizing its economy over the past 40 years.
"I think it’s 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 adapt. "I think we should be very careful in imposing systems. But the Chinese model is certainly a very attractive model for quite a number of countries," Schwab said.