TIANJIN -- The Annual Meeting of the New Champions 2012, also known as the Summer Davos, opened in North China's port city of Tianjin on Tuesday.

Chinese Premier Wen Jiabao is expected to deliver a keynote speech at the opening ceremony, after addressing the Summer Davos for five consecutive years.

The three-day forum, themed as "Creating the Future Economy", has attracted some 2,000 participants from 86 countries and regions.