Tianjin Mayor Huang Xingguo delivers a speech at the closing ceremony of the Annual Meeting of the New Champions 2014, also known as the Summer Davos forum, in Tianjin, north China, Sept. 12, 2014. (Xinhua/Zhang Chenlin)

Olivier M. Schwab (1st L), executive director of the Beijing Representative Office of the World Economic Forum, delivers a speech at the closing ceremony of the Annual Meeting of the New Champions 2014, also known as the Summer Davos forum, in Tianjin, north China, Sept. 12, 2014. (Xinhua/Zhang Chenlin)