As you read this article, 1,700 participants from over 90 countries are gathered in China, discussing how Beijing can displace the United States as the world’s richest and most powerful nation.
Every June, while Western elites gather at the World Economic Forum (WEF) in Davos to push globalist agendas, China hosts its own rival summit: the Annual Meeting of the New Champions, or Summer Davos. Marketed as a forum for innovation and entrepreneurship, the event serves a deeper purpose, advancing Beijing’s long-term plan to dismantle the U.S.-led international order.
Behind the veneer of business networking and technological cooperation, China uses Summer Davos to promote a multipolar world where Western influence declines, Chinese leadership rises, and China ultimately replaces the U.S. as the global hegemon.
Summer Davos began in 2007 as a collaboration between the World Economic Forum and the Chinese Communist Party (CCP). Its effectiveness lies in its veneer of legitimacy: operating under the WEF brand makes it easier for international participants to attend without appearing to endorse Chinese political positions. This allows Western corporate elites to engage with China’s strategic agenda while maintaining plausible deniability.
The 2025 meeting in Tianjin made this purpose unmistakably clear, as more than 1,700 participants from over 90 countries convened, the underlying message centered on “navigating a future less intertwined with Washington.”
Summer Davos began in 2007 as a collaboration between the World Economic Forum and the Chinese Communist Party (CCP). What makes Summer Davos particularly effective is its veneer of legitimacy. Operating under the WEF brand, makes it easier for international participants to attend without appearing to endorse Chinese political positions. Therefore, Western corporate elites can engage with China’s strategic agenda while maintaining plausible deniability. The 2025 Tianjin meeting made China’s strategic intent clear: “navigating a future less intertwined with Washington.”
The attendee list reads like a who’s who of globalist corporate power. Major consulting firms that shape Western economic policy, including Deloitte as a Strategic Partner and Bain & Company as regular participants, send senior executives to these annual gatherings. McKinsey & Company’s Chairman for Greater China regularly appears on panels, while technology giants like Intel have leveraged the forum to announce massive investments, including a $2.5 billion semiconductor facility in Dalian. European aerospace giant Airbus used Summer Davos as the platform to establish its first final assembly line outside Europe, extending the partnership through 2025. Even more concerning, major Western financial institutions and consulting giants use these gatherings to legitimize China’s economic model while helping Beijing develop alternatives to American-led global systems.
Perhaps most telling is the regular presence of Klaus Schwab himself, the WEF founder and architect of the “Great Reset”, who personally attends Summer Davos closing ceremonies. His participation represents the ultimate validation of China’s challenge to Western-led globalism, as the very figure undermining national sovereignty lends his support to Beijing’s alternative world order.
Summer Davos is just one part of China’s broader effort to reshape the global order. Beijing has built a parallel international system through initiatives like the Belt and Road Initiative (BRI), BRICS, the Shanghai Cooperation Organization (SCO), the Asian Infrastructure Investment Bank, and the Global Security Initiative. Launched in 2013, the BRI now includes 146 to 150 countries and over $1 trillion in infrastructure loans, fostering debt dependence while constructing strategic ports, railways, and telecom networks with both civilian and military uses.
The BRICS coalition poses a direct threat to dollar dominance. What began as an informal alliance of Brazil, Russia, India, China, and South Africa has expanded to ten members, adding Egypt, Ethiopia, Indonesia, Iran, and the UAE, plus nine partner nations, including Cuba, Belarus, and Malaysia. This bloc now represents about half the global population and over 41% of world GDP, with a stated goal of reducing reliance on the U.S. dollar in trade.
China has also militarized its economic challenge through the Shanghai Cooperation Organization (SCO), a ten-member security bloc including Russia, Central Asia, India, Pakistan, Iran, and Belarus. The SCO controls 20% of global oil and 44% of natural gas reserves, while conducting joint military drills and counter-terror operations.
The Asian Infrastructure Investment Bank (AIIB), with 110 members, including most U.S. treaty allies and key NATO and G7 nations, directly challenges the Japan-led Asian Development Bank, a cornerstone of American influence in Asia since 1966. With China holding 27% of voting shares and $100 billion in capital, the AIIB provides developing nations a clear alternative to Western financial institutions and their governance standards.
More insidiously, China’s Global Security Initiative, backed by over 100 countries, adopts Russia’s “indivisible security” doctrine, the same justification Moscow used to invade Ukraine. This framework allows Beijing to frame a Taiwan invasion as an issue of national sovereignty and an internal affair, warning that no outside nation, especially the U.S., should interfere. It also enables the Chinese Communist Party to denounce NATO expansion and U.S. alliances as destabilizing, while presenting itself as a peaceful alternative to American “hegemony.”
Summer Davos serves as a strategic recruitment and testing ground for all of these initiatives and China’s anti-Western agenda, floating new proposals, refining its messaging, and pulling international participants deeper into its orbit through economic incentives and soft power. The forum doubles as both laboratory and launchpad for Beijing’s global ambitions, enabling the CCP to test ideas and cement the alliances needed to displace American leadership.
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