The World Economic Forum said on Wednesday that it is postponing its event planned for later this month in Tianjin due to the outbreak of COVID-19 cases in the country, where new locally transmitted cases hit a near three-month high.
The event, called the Annual Meeting of the New Champions, was scheduled for Nov. 16-18. However, the WEF said that the meeting will be moved to a different date.
"Regretfully, due to the circumstances around the ongoing COVID-19 pandemic and recent cases in major cities and provinces in China, the Annual Meeting of the New Champions will be rescheduled," the WEF said in an email to participants.
The forum sought to bring together over 500 leaders representing the world’s largest businesses as well as public figures from around the globe to gather under the theme of Championing a New Sustainable Innovation Agenda.