Premier Li Keqiang on Monday delivered the keynote speech at the opening ceremony of the Annual Meeting of the New Champions 2016, also known as the Summer Davos Forum, in Tianjin. The following is the full text of his speech.

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.