"The World Economic Forum will have two pillars, one is Winter Davos, the other Summer Davos."

This is what Klaus Schwab, executive chairman of the World Economic Forum said when the first Summer Davos was held in Dalian in 2007. 

And he is right. Alternating between the Chinese cities of Tianjin and Dalian ever since, the annual forum has become one of the most important global business gatherings in Asia. 

China has remained a strong engine for global growth in the meantime, serving as a stabilizing factor in a world full of uncertainty. 

While the forum has brought fresh opportunities to Tianjin, the port city is also injecting vigor and vitality into the forum. Tianjin and Dalian are using the WEF platform to help many multinational companies find their feet in China.

Gao Yuke, vice general manager of Tewoo Group, said Tianjin now is home to more than 160 Fortune Global 500 companies, and their success is attracting even more international players. 

"Tianjin has strong regional advantages," he said. "Summer Davos has become a showcase to display its latest development, investment environment, and industry policies. Those factors are drawing companies from home and abroad to come." 

David Aikman, head of the China office of the World Economic Forum, said that apart from the economic benefits, many international guests have also taken to Tianjin's rich culture, as well as its spirit of innovation and collaboration. 

“What’s been wonderful on the culture side is that the city is always supporting an evening of China culture,"Aikman said. "We also have a tea station where China can represent some of its traditional arts and cultures. When cities bring their companies, and engage them into the program, we see a lot of the innovation that’s taking place. I don't know whether you are aware in cities like Tianjin are now organizing other events like AI summit and so on.

"They are able to bring that thinking and their experts from the city to the international dialogue and that enriches with China’s perspective, but also allows them to bring international perspectives home to their cities."

With China becoming much more active in global gatherings like the Davos forum, Chinese culture, values and wisdom are also gaining increasing influence on the world stage. And the deeper cooperation between China and Davos is also generating new momentum, as well as opportunities, for a stronger and more vibrant global economy.