China will continue to advance a new round of high-level opening-up, and treat domestic and foreign-funded enterprises fairly and equally, so as to achieve mutual benefit and common development, said Li.

Schwab, for his part, appreciated the policies mentioned above, saying the WEF is willing to reinforce its partnership with China.

He said the WEF is ready to join with China to send out a positive signal of stability, development and cooperation, and contribute to a strong, sustainable and balanced world economy.

Established in 2007, the annual meeting has become the foremost gathering on science, technology and innovation. It serves as a platform for leaders to deepen their understanding of the Fourth Industrial Revolution.

Around 1,500 politicians, officials, entrepreneurs, scholars, and media representatives from over 90 countries and regions will attend the meeting.

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