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The article deals with the Inaugural Annual Meeting of the New Champions 2007 held in Dalian, China on September 6-8, 2007. The summer annual meeting of the World Economic Forum (WEF) in China focused on global growth companies and multinationals. The panelists who participated in the meeting agreed that having global views, constantly striving for innovation, nurturing core competitiveness, training qualified staff and understanding local culture are among the key elements needed to face these challenges.

The article focuses on the partnership of the Chinese government with the World Economic Forum (WEF), which was culminated during the Inaugural Annual Meeting of the New Champions of the WEF in Dalian, China on September 6-8. This relationship traces back to 1979, when Klaus Schwab, founder and executive chairman of the WEF, invited senior Chinese officials and entrepreneurs to participate in the forum. They include the late Vice Premier Huang Ju, incumbent Vice Premier Zeng Peiyan and State Councilor Hua Jianmin.