China-US trade dispute could last 20 years, says Alibaba's Jack Ma

Ma said new trade rules were needed over the longterm

"The current situation has already ruined that".

"The promise was made based on China and the USA having a collaborative and friendly relationship", he said in the Xinhua interview.

Separately, Ma had warned China's business and political leaders that the trade war between China and the US could last 20 years, longer than Mr. Trump's presidency, according to Bloomberg News.

Following the Trump administration's imposition of a new round of tariffs on Chinese goods, China's king of e-commerce didn't mince words about how he sees this trade fight.

However, he finished by saying that his company would try hard to promote the healthy development of China-US trade.

He said the younger generation and new leadership in Alibaba will go straight ahead toward the goal, even after he steps down.

This week, Mr Trump said he would press ahead with 10 per cent levies on US$200 billion (S$273 billion) of imports - on top of US$50 billion already targeted - prompting Beijing to target another US$60 billion of United States goods with 5 to 10 per cent taxes.

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Ma said that the USA -initiated trade war is "against China", and also disapproved his country's policies requesting the leaders to open up the market and seize the situation as an opportunity to upgrade.

Nonetheless, Ma's statement underlines Chinese bearishness in the wake of tariffs on $200 billion of Chinese goods imported to the USA on top of $50 billion covered by an earlier round.

Ma told Xinhua he believes trade should never be used as a "weapon".

"It's going to be long-lasting, it's going to be a mess, maybe 20 years", Ma said.

"As businesses continue to embark on their cloud transformation strategies to address these challenges, they can feel confident that KPMG and Alibaba Cloud teams around the world together can address their specific needs for global, scalable, cloud-based digital solutions". In fact, the Chinese e-commerce company officially announced the Tmall Genie a year ago.

The physical manufacturing will not vanish, but the backward one will, Ma said, speaking in terms of a time frame of 10 to fifteen years. The 54-year-old former teacher repeated his desire to pursue a new career, likely in the field of education.

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