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Annual Summit of New Champions - 2014 to focus on importance of innovations

September 10, 2014, 8:02 UTC+3 TIANJIN
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TIANJIN, China, September 10. /ITAR-TASS/. A World Economic Forum (WEF) "Annual Summit of New Champions - 2014", which is often referred to as a "summer Davos", opens in the Chinese megapolis Tianjin (Northern China), on Wednesday.

It is expected that the forum may be attended by Li Keqing, Premier of the State Council of the People's Republic of China (PRC), as well as by Russian Vice-Premier Arkady Dvorkovich. Among other guests of international platform, there are heads and members of government such countries as the PRC, Serbia, Albania, Denmark, Nigeria, Egypt, the Republic of South Africa, Azerbaijan, Lithuania, etc. The forum also rivets the attention of world business community executives. It will be attended by the chiefs of such large multinational companies as Google, Microsoft, Dow Chemical, Audi, HSBC, etc.

The role of innovations in creating added-value product and services will be the main theme of the summit. More than 1,500 participants from 90 countries will discuss how innovations can raise the quality of life and optimize the system of the functioning of society and the labour process in organizations.

Olivier Schwab, WEF Executive Director in China, points out that the technological progress provides challenges and possibilities which are conducive to a radical transformation of entrepreneurship, industry and economics as a whole. The Annual Summit of Champions will enable the management of companies and Heads of Government to come to realize these changes and see how innovations benefit society.

The summit organizers point to the following five large groups of innovations that can change the future: information technologies, robotics, nano-scale techologies, new energetics, and neurobiological technologies.

Much attention will be also devoted to the prognostication of the development of world and Chinese economies, as well as the problems of developing markets. Participants in the forum will discuss new trends in the economic development of the world, the economic rehabilitation processes in developing countries, in particular.

The Summit of New Champions is held in China for an eighth time now. Earlier, it was held for several years in the city of Dalian (Liaoning Province, north-east of the PRC).

An official statement made by Li Xuedung, deputy director of the international cooperation deparment of the PRC's State Committee for Development and Reform, reads as follows: "China intends to support a rapid, steady and balanced growth of the world economy, working on coordinating politics with other countries, responding to key challenges and opening up new possibilities for development. The Govenrment of China will be glad to carry on close cooperation with the WEF".

Along with the Annual Summit of New Champions - 2014, the international non-governmental organization WEF also engages in holding other large-scale annual economic conferences. The forum in the Swiss Davos is the best known of them.

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