Chinese Vice Premier Zeng Peiyan on Tuesday expressed congratulation for the inauguration of Beijing representative office of the World Economic Forum.

The Forum officially inaugurated its representative office in this capital city of China on Tuesday, which will become a global headquarter of the Forum's Center for Global Growth Companies.

Zeng met with the Forum's founder and executive chairman Klaus Schwab before the inauguration ceremony, hoping that the Beijing representative office would become the bridge for China and the Forum to increase cooperation.

The Forum plans to hold a global industry summit in China as of 2007. Zeng hoped that the Beijing representative office would make its contribution to holding such a summit.

The Forum was founded in 1971 in Geneva with a commitment to improving the state of the world. The Davos meeting invites business and political elite from around the world at the beginning of each year to gauge the global economic outlook for the year and to discuss global hot issues.

"The Global Industry Summit will be a parallel platform of the Davos meeting for the next generation of companies," said Schwab in Davos in January this year.

Source: Xinhua