China has played a responsible and responsive role in the face of the new global setting, said Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF) prior to the 54th WEF Annual Meeting in Davos, Switzerland.

In an interview with China Media Group (CMG), Schwab emphasized China's significance in a world that has transitioned from a unipolar to a multipolar reality.

"We first have to recognize that the world has changed. The world has undergone or is undergoing those transformation. And here, particularly the transformation from a unipolar to a multipolar world. China has to play what I call and is playing a responsible and responsive role in this new global setting," he said.