From the Alpine town of Davos to the Chinese coastal city of Dalian, the World Economic Forum (WEF) has come a long way. In 1978, the year when China launched its reform and opening-up policy, Klaus Schwab, WEF founder and Executive Chairman, extended an invitation to Chinese leader Deng Xiaoping, the architect of this transformative policy. Deng sent a high-level delegation to the 1979 annual meeting. Just a few months later, Schwab visited Beijing with a European business delegation that included 20 CEOs. With the signing of a memorandum of understanding, the knot was tied.
In 2005, Schwab proposed the idea of a Summer Davos in China, to complement the regular annual meeting that gathers foremost political and business leaders in Davos, Switzerland, in winter. Dalian, Liaoning Province, and Tianjin,…
