The World Economic Forum (WEF) will celebrate the inauguration of its Representative Office in Beijing. The office will become the global headquarters for the Forum's Centre for Global Growth Companies.
The Founder and Executive Chairman of the World Economic Forum, Professor Klaus Schwab, will attend the opening ceremony senior members of the Chinese government, as well as key corporate members of the Forum.
Earlier this year at the Forum's Annual Meeting in Davos, Switzerland, a Memorandum of Understanding (MoU) was signed by Zhang Xiaoqiang, Vice-Chairman, National Development and Reform Commission, People's Republic of China, and Professor Klaus Schwab. The MoU further strengthened the Forum's long-standing engagement in China and set the stage to open the Forum's first office in Asia.
"The World Economic Forum recognized China's promise many years ago, inviting the first Chinese delegation to its Annual Meeting in 1979. The Forum held its first China Business Summit in 1981.
It should come as no surprise that we once again turn to China to help realize what is a key strategic step for the Forum. The Beijing office will be the headquarters of our Global Growth Companies — companies that the Forum will help to become true global champions.
The significance of the Beijing office is that it is truly a global centre — we will not only handle relations with Chinese or Asian companies from here but for companies the world over," said Professor Schwab.