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SAN FRANCISCO, Feb. 26 (Xinhua) -- Tim Cook, CEO of California-based Apple Inc., will co-chair a global business forum to be held in China next month that will address major challenges facing the current world, a report of the Wall Street Journal said Monday.

Having been to China for competitions and performances over ten times, Boole was invited for this year's event by his friend Zhang Shupeng, who completed his one-man show by flying over Longgang last year and was named the No. 1 wingsuiter in China.

The procession was directed by CMC Vice Chairman Xu Qiliang. Other senior military officials -- Zhang Youxia, Wei Fenghe, Li Zuocheng, Miao Hua, and Zhang Shengmin were all present.

"The debt-to-equity swap deserves much credit for reversing the fast rise of debt and bringing about a decline in the overall leverage ratio. It has been a market-driven, rules-based process, which has worked well so far," Li said.

Once remote and underdeveloped, it has become one of China's most open and dynamic regions and also a window for the country's reform and opening-up.