 Distinguished guests, ladies and gentlemen, friends, good morning. On behalf of the World Economic Forum, I'm honored to extend a warm welcome to participants from around the world at the annual meeting of the new champions on this beautiful summer day. We're privileged to have His Excellency Li Tian, Premier of the State Council of the People of the Republic of China, attending this year's annual meeting. And from further afield, we'd like to express our sincere gratitude to several foreign heads of state and an institutional leader who have come to attend. They are Her Excellency Mia Mocely, Prime Minister of Barbados. His Excellency Luv Sanam Tsirai Ouyun Edine, Prime Minister of Mongolia. His Excellency Chris Hipkins, Prime Minister of New Zealand. His Excellency Pham Minh Tin, Prime Minister of Vietnam. And Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization. We're also very grateful to the many ministers from China for their longstanding support and of course for coming to this annual meeting. We thank ministers from various countries around the world, the new champions and leaders from all walks of life for coming. This is our return after five years to Tianjin, a city with a rich history but at the same time one that's open and inclusive and full of modern dynamism. Here we'll be joining more than 1,500 participants from the political, business and academic communities, civil society and international organizations for in-depth exchanges and discussions on the theme of entrepreneurship, the driving force of the global economy. The world economy is now in a critical transition period. After three years of the pandemic, the economy is still facing multiple challenges such as geopolitical tensions, weak growth, energy and food crises, climate change and the energy transition. In this era of change, we increasingly need entrepreneurship. It is a spirit of risk-taking, pioneering and innovation. It is the ability to constantly seek opportunities, solve problems and create value with sharp acumen. It is an attitude of continuous learning, improvement and surpassing. It is a character of defying difficulties, challenges and setbacks. Enterprises and entrepreneurs are creators of social wealth, the main force of innovation and change and an important driving force of global economic development. I believe that on such a dynamic and creative platform we will be able to gain knowledge, friendship and inspiration. We will be able to enhance understanding, build trust and consensus. We will be able to work together, overcome challenges and create a common future. I would like to express my heartfelt gratitude to the Chinese government, the city of Tianjin and all sectors of society. It is your strong support that has made it possible for us to hold this important event. Now it is my great honour to invite the host of this annual meeting, Mr Zhang Gong, the Mayor of Tianjin Municipality, to deliver a welcome speech. Distinguished guests, ladies and gentlemen, good morning. As the lush greenery of the season envelops us, the 14th annual meeting of the new champions, the summit of Osforum is kicking off with a magnificent opening, welcoming a raft of fresh global leaders and familiar faces to the enchanting city of Tianjin. Premier Li Tian will attend the event in person and deliver a keynote speech and engage in a conversation with you. On the instruction of CPC Tianjin Committee Secretary Chen Min-er, on behalf of the CPC Tianjin Municipal Committee and municipal people's government, I'd like to extend my warm congratulations and extend a sincere welcome to all the guests from home and abroad. The summit of Osforum, deeply intertwined with Tianjin for 15 years, is returning to its face-to-face format after a four-year hiatus. It has emerged as a vital platform for the global community to exchange ideas, foster enlightenment, strengthen bonds and foster collaboration. Acting as a bridge, it facilitates deeper integration and communication between China and the rest of the world, while advancing Tianjin towards accelerated high-quality reform and opening up. At this junction, I'd like to extend my sincere gratitude to President Schwab, as well as our esteemed guests and friends for their trust in the city of Tianjin. President Xi Jinping has emphasized the vital role of people, particularly entrepreneurs, in driving market vitality and fostering entrepreneurship. Aligned with the development trajectory and expectations of all stakeholders, this forum, with its theme of entrepreneurship, the driving force of the global economy, is poised to contribute significantly to the revival and prosperity of the world economy, as the world undergoes unprecedented and accelerated transformations amidst a convergence of opportunities and challenges. This is an urgent need to stimulate and foster entrepreneurship for the innovative and sustainable growth of the global economy. In the face of new circumstances and challenges, our dedication lies in fostering an innovative social environment. We firmly uphold innovation as the foremost driving force to propelling progress, as a prevailing ethos of our time. Through pragmatic measures, we promote innovation, service innovation and inclusive innovation, igniting a surge of innovative vitality. Equally, we strive to establish a fair and competitive market landscape. All forms of business entity are treated impartially, fostering an environment characterised by equal rights, opportunities and rules, a space that is fair, convenient, efficient and transparent as a market. Moreover, we remain committed to an open and mutually beneficial cooperative environment. We actively engage in international division of labour and collaboration, facilitating the unrestricted flow of various factors of production and continually enhancing investment and trade facilitation. Lastly, we're working towards establishing a market-oriented, rule-based and globally connected business ecosystem. We reinforce soft connectivity between markets, regulations and standards, while safeguarding property rights and intellectual property within legal bounds. Tianjin, the earliest city to be open in Northern China, has witnessed the emergence of a multitude of exceptional entrepreneurs demonstrating a profound entrepreneurial heritage. Tianjin stands out with its notable advantages in its industrial base, scientific and educational innovation, ecological habitat and port and other transport facilities. Presently, we're currently studying and implementing the visionary principles articulated by President Xi Jinping during the symposium on further promoting Beijing-Tienjin He base synergistic development, embracing our new mission as a pioneer and a model in China's modernization endeavour, we're accelerating the implementation of the ten actions aimed at promoting high-quality development. Our ultimate goal is to comprehensively transform Tianjin into a modern socialist metropolis, starting to provide an expansive platform for the growth of domestic and foreign enterprises alike. We're committed to fostering beneficial cooperation for all that propels the high-quality development of Tianjin. Ladies and gentlemen, esteemed guests, there's nothing we can't achieve with the power of collective efforts and wisdom but to unite, seize the essence of the era, foster deeper exchanges and understanding, ignite creativity and shared agreement and forge a brighter future together. Lastly, I'd like to wish this forum a resounding success and all guests a delightful stay in Tianjin. Thank you all for your presence and support. Thank you, Mayor Zhang. Thank you, Mayor Zhang, for your speech. And now please all be outstanding and let us offer a warm round of applause as we welcome the Premier of the State Council of the People's Republic of China, His Excellency, Mr Li Jiang and the Founder and Executive Chairman of the WEF, Professor Klaus Schwab. Premier Li Jiang distinguished Heads of Governments, Excellencies, Ladies and Gentlemen, good morning. It's a great pleasure to welcome you to the 14th annual meeting of the new champions here in Tianjin, China.