The building of an integrated economic zone around Bohai Bay may bring huge benefits to the region but will also require intensive effort, said Tianjin's vice-mayor.
China's privately owned companies are following their State-owned and sovereign wealth fund counterparts in overseas direct investment in Europe.
In a message to commemorate the 35th year of China's attendance at the Davos World Economic Forum, Premier Li Keqiang called for a more open and innovative global trade and economic system to achieve common prosperity.
The World Economic Forum (WEF), also known as the Davos Forum, opened its arms to China in 1979, when a Chinese delegation led by Qian Junrui, then director of the Institute of Economics of the Chinese Academy of Social Sciences, was invited to the forum.
The website for the 2014 Tianjin Summer Davos Forum was officially launched on Dec 20. The website has Chinese and English versions.