According to Bloomberg, President-elect Donald Trump won’t attend or send a representative to the annual gathering of the world’s economic elite next week in Davos, which is taking place just days before his inauguration.
“No one will be attending,” Trump spokeswoman Hope Hicks said in a statement to Bloomberg.
A study by the World Economic Forum released ahead of the Davos gathering concluded that the weak economic recovery following the global financial crisis has widened the gap between rich and poor, fueling a false sense of “economic malaise” that’s led to the rise of populist/nationalist/right-wing parties.
While Trump and his administration will not be attending, Chinese leader Xi Jinping will become the first Chinese president to attend, bringing with him some of China’s wealthiest executives. China is casting itself as an advocate of globalization, in contrast to Trump’s “America First” platform that was critical of free-trade deals.
Xi will join 3,000 other attendees, who will include U.K. Prime Minister Theresa May, outgoing U.S. Vice President and Presidential Medal of Freedom recipient Joe Biden and South African President Jacob Zuma. The World Economic Forum wraps up on Jan. 20, the same day Trump is set to take the oath of office.