The annual gathering of national leaders and entrepreneurs in the Swiss town of Davos has concluded. China has used the occasion as a platform for sharing its efforts in contributing to the development of the world economy. Natalie Pang has the story.

It began with blinding snowfall. Leaders from various nations and industries gathered to discuss how to create "a shared future" in a fractured world.

NARENDRA MODI INDIAN PRIME MINISTER "Many societies and countries are becoming more and more focused on themselves. It feels like the opposite of globalization is happening."

Now they are moving a step closer to finding a common remedy for the world's ills.

THERESA MAY BRITISH PRIME MINISTER "Every country must support and shape the rules for free and fair trade and investment. We cannot pull in different directions."

Leading the way is Chinese President Xi Jinping's vision of "a community with a shared future", which he took to Davos in 2017. His message was echoed at this year's forum by China's economic mastermind, Liu He.

LIU HE, GENERAL OFFICE DIRECTOR CHINA'S FINANCIAL & ECONOMIC AFFAIRS CENTRAL LEADING GROUP "Over the past year, in line with the proposition of President Xi, China has stood firm against all forms of protectionism."

Liu says China will advance reforms and open up its economy at a faster pace, with new policies that will exceed international expectations.

LIU HE, GENERAL OFFICE DIRECTOR CHINA'S FINANCIAL & ECONOMIC AFFAIRS CENTRAL LEADING GROUP "President Xi has made relevant decisions which will focus on four areas. First is opening up the financial sector. Second is the opening up of the manufacturing sector and service industry. Number three is the protection of property rights, especially intellectual property. And the last one is the increase of imports. "

Key to a shared future is translating the vision into action. China's economy is the bedrock of global stability and economic expansion. The country has a GDP of around 13 trillion US dollars. In 2017, the economy grew 6.9 percent.

Through multilateral cooperation platforms like the G20, BRICS and APEC, China demonstrates a strong preference for an open world economy, making best use of technology and innovation, advancing regional cooperation and free trade agreements. The Belt and Road Initiative, an infrastructure and trade network connecting Asia with Europe and Africa, began life in China, but has delivered benefits far beyond its borders. The strides China has made in poverty reduction have contributed to inclusive global growth, and progress in reform and opening-up has lent much momentum to an open world economy. CGTN