Foreign participants laud China's reform and opening-up at Summer Davos

Justin Newton, founder and CEO of US company Netki Inc, said he finds the forum a great event to collaborate with innovators, business leaders, and government officials that are outside of the direct field that he works in everyday.

Living in the US, Newton said in the past 40 years China has made a great contribution to the world, not only in terms of knowledge, expertise and skills but also the large market that it represents for companies like his and others to be able to actually work inside of China.

Newton said the China-proposed Belt and Road Initiative can build tighter integration between countries in the region in terms of trade and exchange of ideas. And having a strong belief that open borders with respect to the ideas of both trade and the exchange of ideas is to the benefit of all the participants that are involved in trade, he said he tends to look for opportunities of greater engagement and greater partnership rather than trying to build walls and break down those kinds of cooperation and communication.

"I think one of the things the World Economic Forum stands for is finding ways for countries and for individuals in those countries to work together in common cause to make things better for all of us", he said.