Billionaire Michael Bloomberg is launching a rival to Davos — and it's all about China

Former New York City Mayor Michael Bloomberg delivers remarks during a dedication ceremony to mark the opening of the new campus of Cornell Tech on Roosevelt Island, September 13, 2017 in New York City. Drew Angerer/Getty Images

Michael Bloomberg, the billionaire philanthropist and founder of the eponymous financial data company, is launching a new conference that will rival the famous World Economic Forum, held each year in Davos, Switzerland.

Bloomberg’s new conference —

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