A view of Tianjin. [Photo provided to China Daily]

Tianjin's leaders say they're ready to host 10th Summer Davos.

Under the proposal of Klaus Schwab, founder and executive chairman of the World Economic Forum, the first Annual Meeting of the New Champions, widely known as Summer Davos, was held in Dalian, Liaoning province, in 2007. Fortune 500 companies, rising enterprises and national and regional governments attended the inaugural meeting. Since that time, the meeting's location has alternated between the cities of Dalian and Tianjin. Tianjin hosted the second, fourth, sixth and eighth events. It will host the 10th meeting this year.

In describing the event, Tong Jiadong, an official at Tianjin's Summer Davos office and vice-president of Nankai University, summarized the past decade by noting that nine of the topics hinged on economic growth.