 Good morning. Good morning, your Excellencies, ladies, gentlemen, dear friends and members of the World Economic Forum. I want to welcome you all to the annual meeting of the new champions, which we are delighted to hold for a third time in the city of Dalian in Liaoning province. A great example of how this city is increasingly becoming a platform for economic development and international cooperation. This year marks the fifth anniversary of the summer doubles in Asia, in China. A unique and globally recognized summit designed to foster interaction, generate insights, and achieve global impact. Together, we can build this summit into a truly unique event focusing on the pillars of entrepreneurship, innovation and sustainability. I would like to thank you, Mayor Li, and also Party Secretary Tang, and the entire organizing committee for your efficient partnership. And also, I would particularly thank the people of Dalian for the great hospitality which they have provided over the last three years here. I also want to thank you, all for joining us here in Dalian, many for the second or third time. During this critical times, a period where sustained and balanced growth and job creation have become top priorities. The transformational changes taking place today are not just cyclical. They are clearly structural. Overcoming the global economic crisis requires developing and implementing creative, innovative, international, but also national strategies to generate a new wave of economic growth, of green growth. And that's what this annual meeting is about. The importance of this summit is underscored by your strong presence. All of the new champions represented here with a record participation of over 1,500 industry, government and thought leaders from over 90 countries. And by the high attention of the public as highlighted by the presence of the media. The theme of this year's meeting, mastering quality growth, means that we are entering a new era of economic growth, which needs you, the new champions to lead the fundamental transformation of the economy of business models to build a world where the quality of life and not just the quantity of production is at the same. A world which therefore will be more prosperous, more peaceful and more harmonious. I wish you a successful meeting and by this I have three goals for each of you over the next three days. I would propose the following. That you, first, develop at least one new global partnership that will enhance the growth of your business. Second, that you gain at least one new strategic insight, which will have a significant impact on your business model. And third, most importantly, that you transform yourself into true trustees and stewards of our global common destiny. Namely to help to achieve the World Economic Forum's mission, our joint mission, to improve the state of the world. As individuals, we all can be great entrepreneurs. As a community, we really can change the world. I now invite Mayor Lee to welcome us on behalf of our host community. Thank you. Distinguished to Tim Schwab, distinguished guests, ladies and gentlemen, good morning. Upon the fifth anniversary of the Summer Davos Forum, the annual meeting of the new champions is solemnly started in Dalien for the third time. So on behalf of the CPC Municipal Committee of Dalien, the People's Government of Dalien, and the 6.69 million people in Dalien, I'd like to extend warmest welcome to all of you, and I'd like to extend warmest congratulations on the convocation of this annual meeting. So at this milestone, we are linking the history with the future. And the past five years have been a process of joint response to challenges, brainstorming for our development and a ceaseless pursuit of excellence. It has also borne witness to the outstanding contribution to and profound impact on the global economy by Summer Davos. Dalien is privileged to have once again become the focus of the world. So I'd like to especially thank Dr. Schwab. I'd like to thank you for having brought Davos to China for all your help and contribution. Also, I'd like to thank all the member organizations of WEF, NDRC and the Ministry of Foreign Affairs as well as other distinguished guests for your trust in Dalien and for your very good support for this forum. And the theme of this annual meeting is mastering quality growth. So we are focusing on the attributes of the 21st century, which are notably complexity, interdependence and sustainability. While the world economy, regional development and business models around the world are facing major opportunities and challenges, this theme has fully captured the common interests of the entire world. In 2010, we experienced a slow recovery and augmenting uncertainties. While in Dalien, we have implemented the macro control policies. In Dalien, we have sped up the restructuring of our economy while pressing ahead with urbanization. We've always proceeded from the better livelihood for our people. We have deepened our reform and openness. We have also optimized our zoning of our economies while exploring new growth frontiers. For the first half of this year, we maintain the economic growth rate of 15% while the fiscal revenue grew by 28.2%. We have kept urban unemployment at bay around 2.9%. We have achieved a balance between speed and quality. And one become economic development and the sustainability of resources and environment. It has fully testified to the wisdom of the macro control policies of the Chinese policy. There's also a solid foundation for China, for Dalien to consolidate its position as a new champion city. Ladies and gentlemen and friends, it is the third time for some doubles to be held in Dalien. It has given us opportunities, honor and responsibilities. We will live up to the expectations of WEF and all the guests. We will continue to make it effective, green, economical and safe. I will go all out to provide excellent services to this annual meeting and make it an unforgettable and wonderful grandest international gathering. I'd like to, in closing, wish this conference a complete success and I wish all the VIP guests and friends good health and pleasant stay in Dalien. Thank you very much. I would like to thank the mayor, Mayor Lee of Dalien and we will now be joined by His Excellency, Premier Ren Chebao.