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The fourth Summer Davos has wrapped up in the northern Chinese coastal city of Tianjin. During the three-day forum, business executives, academics, and politicians came up with new ideas on how to sustain global growth.

The largest business gathering in Asia allowed participants to rethink and reshape conventional wisdom. While it’s still difficult to predict the nature of future growth, the need for sustainability is certain. Our shrinking planet needs green technologies and innovation. In the business sector, it's about new growth patterns.

Emerging markets are drawing increasing attention. Most multinationals agree that’s where their growth will come from. And that makes it crucial to carefully study these new consumer behaviors.

Asia's rising soft power is another key focus. Asian output had recovered to pre-crisis level within a year after the financial crisis. But it faces the risk of relying too much on demand from Western countries.

Ma Xiuhui, Davos participant, said, "We based our analysis on the past and the future. The analysis gave us insights as to where we're going."

Traditional business patterns can’t handle the complexities of today's markets. And nations are seeking a new economic order for a sustained future.

Wang Mangmang said, "An expanding global trade network and a longer value chain mean more opportunities than ever, but also greater risks. The economy is getting back on track, but the challenge is the nature of the recovery and how to make it sustainable. Participants at the Summer Davos are hoping the rising competitiveness of the emerging markets may help provide some solutions."

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