Klaus Schwab, founder and executive chairman of the World Economic Forum. [Photo provided to China Daily]

ternational business thanks to the forum, such as the Northern Materials and Equipment Group, Tianjin Pipe Group and the Cotton Exchange Market Co, and now more are joining the forum as its importance on the international stage for their development becomes more obvious," Tong said.

The forum has broadened the minds of more Tianjin residents through such government-arranged activities as "Citizens Approaching Davos". Its "Tianjin Night" galas, with rich performances that feature many regional traditions and customs, has impressed guests from home and abroad.