Chinese Premier Li Qiang will attend the 14th Annual Meeting of the New Champions, also known as the Summer Davos Forum, in Tianjin on June 27, according to the World Economic Forum (WEF) official website on Tuesday.

Premier Li will participate in the opening ceremony and deliver a keynote speech, and meet with foreign dignitaries including WEF Executive Chairman Klaus Schwab and other global business leaders.

The meeting will renew momentum for innovation and entrepreneurship to drive growth and a more equitable, sustainable and resilient global economy.

"At this crucial time for economic recovery, the world shares challenges that are best tackled through innovation, dialogue and cooperation," said Schwab.

Gao Jian, deputy director general of Department of International Cooperation of National Development and Reform Commission, said the forum provides a platform for dialogue for political and business leaders, adding that it will help participants gain a deeper understanding of China’s economic performance, high standard opening up and strengthen confidence in long-term investment in China.

Yang Bing, vice mayor of Tianjin Municipality, illustrated that they aim to build the annual event into an important platform, deepening both domestic and international dialogues and cooperation, and showcasing Tianjin.

More than 25 initiatives will be launched or advanced at the forum, serving as platforms for ongoing collaboration. The event will also spotlight more than 100 entrepreneurs from its Innovator communities.

"Entrepreneurs are the creators of social wealth and the drivers of innovation," said Liming Chen, chair of Greater China at WEF. "At the heart of the meeting will be the need to spur new momentum for innovation and entrepreneurship across geographies as a means to not only revive growth but also to ultimately put us on a firm trajectory towards a more equitable, sustainable and resilient global economy."