Klaus Schwab, executive chairman of the World Economic Forum, speaks to the attendees on January 17, 2017, during the opening ceremony of the WEF annual meeting held in Davos, Switzerland. [Photo/Agencies]

Klaus Schwab, executive chairman of the World Economic Forum, commented on President Xi Jinping's address at the opening ceremony of the WEF annual meeting held on Tuesday in Davos, Switzerland.

"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."