A high-profile forum set up by Michael Bloomberg, Henry Kissinger and a host of global business leaders to improve understanding between the US and China has been caught in the crossfire between the Trump administration and Beijing, forcing the organisers into an abrupt change of plans.
Mr Bloomberg announced in May that the inaugural meeting of his New Economy Forum would take place in Beijing in November, in partnership with the China Center for International Economic Exchanges, a well-connected Chinese think-tank.
As trade tensions escalated with the Trump administration imposing another $16bn of tariffs on Chinese imports last week, however, the Bloomberg team got word from Beijing that the meeting was off.
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