BEIJING: The World Economic Forum said on Wednesday that it is postponing its event planned for later this month in the Chinese city of Tianjin due to the outbreak of COVID-19 cases in the country, where new locally transmitted cases hit a near three-month high.

“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.