China's vice president Wang Qishan will speak at Michael Bloomberg's first New Economy Forum in Singapore next week in a show of support for the event, which is expected to demonstrate the rising importance of Asian powers with regards to shaping the future of global trade and business.
Leading figures from Asia, Africa, the Middle East, Latin America, Europe and the United States are expected to attend the November 6-7 forum, which aims to tackle challenges in global trade, governance and financial markets.
Hosted by former mayor of New York, Michael Bloomberg, the forum will highlight the transition in influence from west to east, as China, India and rising powers, including from the Middle East, become more significant in setting the agenda for the future.
"At the end of two days, the forum will offer an update on private sector-led solutions to some of the greatest challenges, including commitments around green supply chains, employee mobility, new corporate social contracts, AI principles, global corporate rating standard, management talent in super cities, financial inclusion of SMEs, advancing refugee hiring and integration, urban plastics and gender equality," a statement from the organisers said on Wednesday.
The event had been scheduled to be held in Beijing but was switched to Singapore due to what the organisers said was a timing clash with a critical trade expo in Shanghai which had become more important in the wake of China's trade tensions with the US.
The billionaire will be joined at the event in Singapore by 400 delegates including high-level attendees including Dr Sultan Al Jaber, UAE Minister of State and CEO of Adnoc, Henry Kissinger, former US Secretary of State, Janet Yellen, former Federal Reserve chairwoman, Anwar Ibrahim, Malaysia’s prime minister in-waiting, John Flint, HSBC chief executive and Yana Peel, the CEO of Serpentine Galleries.
Mr Bloomberg, 76, is reportedly considering a campaign to run for president of the United States in 2020 and has already backed Democrat candidates ahead of the midterms, which fall during his Singapore conference.