Participants talk during the panel
discussion of the Young Global Leaders Annual Summit held by the World
Economic Forum in Dalian, a coastal city in northeast China's Liaoning
Province, Sept. 5, 2007. The Third Annual Summit of the Forum of Young
Global Leaders, parallel to the Inaugural Annual Meeting of the New
Champions, is held here from Sept. 4 to 8. This is the first time for the
event to be held in Asia. Some 230 Young Global Leaders gathered here to
focus on the Future of Leadership.(Xinhua Photo)
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    DALIAN, Sept. 5 (Xinhua) -- The World Economic Forum's (WEF) Inaugural
Annual Meeting of New Champions, dubbed Summer Davos meeting, is to open in
China's northeast city of Dalian on Thursday.

    Slated for Sept. 6 to 8 with the focus of roles the new generation of
fast-growing multinational companies are playing, the WEF summer meeting is
expected to draw together some 1,700 government officials, scholars and business
leaders from 90 countries and regions.

    Chinese Premier Wen Jiabao will deliver a keynote speech at the start of
the meeting.

    More than 20 ministerial officials from the National Development and Reform
Commission, China Banking Regulatory Commission, China Securities Regulatory
Commission, Ministry of Science and Technology, and State Intellectual Property
Office, as well as Liaoning provincial and Tianjin municipal officials will
gather at the meeting.

    Participants will discuss major issues during the three-day session,
including shifting global business environment, China's economic development,
and how businesses go global, said Jeremy Jurgens, head of the World Economic
Forum Beijing Office.

    The meeting is so called after the brainstorming WEF annual meeting held in
Davos, a Swiss ski resort since the 1970s.

    The major port, industrial, trade and tourism city of Dalian has been well
prepared for the meeting with logos for Summer Davos hung on the city's main
buildings, bus stops and even taxis. Ten leading hotels in the city have been
tightly booked for the event. Local police have tightened patrol around the
major venue.

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