"The Summer Davos meeting lends an international vibe to the business environment of Tianjin and helps the city further open up to the world," said Huang Xingguo, mayor of the northern port city.
Well-known Tianjin Fifth Avenue, which is filled with hundreds of historical architectural buildings, is now home to the coastal city's leisure and culture center.
Tianjin will host a successful Summer Davos meeting with "global vision", said Sun Chunlan, Party chief of the coastal city and also a member of the Political Bureau of the Central Committee of the Communist Party of China, when she met Klaus Schwab, founder of the World Economic Forum, last year.
As the central government calls for closer regional integration between Beijing, Tianjin and Hebei province, customs in the three regions have set up the country's first coordinated and unified clearance system.
Local authorities are putting great efforts into making Tianjin an "ecological livable city" and notable results have been achieved in recent years.