"China will keep its door wide open and not close it," Xi told participants in last year's meeting.
Xi's speech is of historical significance, said WEF founder and Executive Chairman Klaus Schwab, who had said the speech was "very important" and "brought us some sunshine."
The year of 2018 should be the year of international collaboration and multilateralism, and let nationalists and protectionists be a "passing phase", the Swiss president Alain Berset said.
"Pursuing protectionism is like locking oneself in a dark room," Xi said last year, urging the world to share opportunities in an open global economy.
This year, Indian Prime Minister Narendra Modi warned that protectionism was resulting in new trade barriers and reduced investment across borders.
Schwab also said that "Our world has become fractured by increasing competition between nations and deep divides within societies. Yet the sheer scale of the challenges our world faces makes concerted, collaborative and integrated action more essential than ever."
BEACON TO GUIDE DIRECTION
Back in early 2017, the world was at a crossroad: To steer economic globalization or to dither in the face of challenges? To jointly enhance international cooperation or to go separate ways?
Xi's Switzerland tour was therefore highly expected to give China's answer towards those questions against the backdrop of an ever-changing international situation and the need to improve global governance.
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