In January, 2007, world leaders convened in Davos Switzerland for the World Economic Forum’s Annual Meeting entitled "The Shifting Power Equation." Discussion focused on the changing business landscape: the growing prominence of emerging economies, the increasing power of individuals and small groups over large institutions and the stronger role of consumers over producers.

Davos 2007 participants recognized that a new class of leaders and innovators – the New Champions – have emerged and that they are re-shaping business and transforming society. The World Economic Forum is now using its unrivalled history of partnership with the  Chinese government and industry to create a powerful platform for interaction and cooperation between traditional and new actors, between East and West.

The Inaugural Annual Meeting of the New Champions was held in September 2007 in Dalian, People’s Republic of China and culminated in the offical formation of the Forum’s Community of Global Growth Companies. 

The Community of Global Growth Companies is a strategic initiative to identify and engage the future champions of global industry. The community is composed of rapidly growing companies that have both the aspirations and ability to sucessfully expand outside their domestic markets.

The World Economic Forum is now using its unrivalled history of partnership with Chinese government and industry to create a powerful platform for interaction and cooperation between traditional and new actors, between East and West.