The 2014 Summer Davos Forum is being held in Tianjin. It is the fourth time Tianjin has hosted the event, and the city hopes to once again leverage economic opportunities from it.
Europe now faces the risk of another recession, and it would lead to a fall in exports and investment from China, said economist Justin Yifu Lin.
A total of 890 volunteers, who have received training in language, reception etiquette, medical aid and other operations, will assist participants at the 2014 Tianjin Summer Davos Forum - also known as the Eighth Annual Meeting of the New Champions - that opens Wednesday.
Premier Li Keqiang opens the 2014 Summer Davos in Tianjin on Wednesday. More than 1,600 participants from 90 countries are expected to attend the three-day gathering.
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Annual Meeting of the New Champions Tianjin Preparatory Office