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Bloomberg Moves New Forum for Elites From China Amid Fallout of Trade War

Aug 31 , 2018

Fallout from the trade war between the United States and China has prompted Michael R. Bloomberg, the billionaire media executive and former mayor of New York City, to relocate what was planned as a conference of global business and political leaders in Beijing to rival Davos, the elite annual conclave in Switzerland.

Organizers in New York are moving the event to Singapore, where it is to take place over two days in the first week of November. Mr. Bloomberg made the decision after a Chinese partner asked organizers last week to postpone the event, according to people with knowledge of the planning.

Instead, the partner told organizers, President Xi Jinping and other leaders in China want to spotlight an import expo in Shanghai to bolster international interest in trade with the country.

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