Editor's note: Premier Wen Jiabao delivered a speech at the opening ceremony of the sixth Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin on Tuesday. The following is the full text of Wen's speech filed by the Xinhua News Agency:

Professor Klaus Schwab, Executive Chairman of the World Economic Forum, Ladies and Gentlemen,

I am delighted to meet you, friends old and new here today. Let me first express warm congratulations on the opening of the sixth Annual Meeting of the New Champions, or the Summer Davos, and extend a sincere welcome to all the distinguished guests present.