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TIANJIN, June 27 (Xinhua) -- Chinese Premier Li Keqiang on Monday delivered a speech at the opening ceremony of the Annual Meeting of the New Champions 2016, also known as the Summer Davos Forum, in Tianjin.

Following is the full text of Li's speech:

Address by Premier Li Keqiang at the Opening Ceremony Of the Tenth Annual Meeting?of the New Champions


Tianjin, 27 June 2016


Professor Klaus Schwab,


Distinguished Heads of Government,


Distinguished Guests,


Ladies and Gentlemen,


It's a great pleasure to meet you again in Tianjin. At the outset, I wish to congratulate, on behalf of the Chinese government, the opening of the Annual Meeting of the New Champions, and extend sincere welcome to all our guests coming from afar and friends from the press.


This is the tenth Annual Meeting of the New Champions, or the Summer Davos, as it is known. There is a Chinese saying which goes, "It takes ten years to grow a tree." If we could compare the Summer Davos to a tree, after ten years of careful nurturing, it has grown into a luxuriant tree with bountiful fruits. It has showcased to the world the process and achievements of China's reform, opening up and modernization. It has also contributed wisdom and strength to the common development and prosperity of China and the world.


When the international financial crisis broke out eight years ago, countries resorted to various policy tools to grapple with the crisis and stimulate growth. Eight years on, recovery of the world economy has fallen far short of people's expectations: global trade and investment are lackluster; commodities and financial markets have experienced volatility from time to time; growth prospects of developed and emerging economies are diverging; and geopolitical risks and destabilizing factors are both on the rise. Just a few days ago, the UK voted to leave the EU in a referendum. This is already making an impact on the international financial markets and adding to the uncertainties in the world economy. Against such a backdrop, to promote world economic recovery and the growth of all economies, we need to make joint efforts to tackle challenges, strengthen confidence, foster a stable international environment and find solutions to address root. Wholesale Jerseys Wholesale Authentic Jerseys Wholesale Authentic Jerseys Wholesale New NCAA Jerseys Wholesale New Nike NBA Jerseys Wholesale College Hockey Jerseys Wholesale NBA Jerseys Free Shipping Cheap College Jerseys China Cheap New NBA Jerseys Cheap Soccer Jerseys

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