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

Jack Ma walks back promise to create 1M US jobs

"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.

Tupac Shakur Suge Knight manslaughter death jail sentence hip hop rap Compton
Knight's lawyers maintain he was acting in self-defence as he fled armed attackers when he ran over Mr Carter and Mr Sloan. Knight fled the scene, but the incident was captured on surveillance video .

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.

Related News:



Most liked

Klopp hails Salah’s desire to work for the team
The best news I have had in the last two weeks is how we have changed or reinvented again our defensive skills. I've said a few times, without the three forwards in running mode, we have no chance.

Feinstein tells GOP to 'show a little compassion' for Kavanaugh accuser
Professor Ford has asked the committee to subpoena Mark Judge, who she said was in the room at the time of the alleged incident. "I ask that she bring those filings forward so that we can learn date, time, and place!" he added.

India cancels talks with Pakistan over 'brutal killings'
The Permanent Missions of both India and Pakistan will together work out the details. India has not been holding official talks with Pakistan following the attacks.

Streak over: Cleveland Browns win after 635 days
Mayfield played the final two minutes of the second quarter and the second half, and completed 17-of-23 for 201 yards. I truly believe that we are going to win a lot more games. "Oh, I felt the energy", Mayfield said.

Huawei couldn't resist trolling Apple fans following biggest iPhone tradition
To pre-order one of the variants of the iPhone XS or iPhone XS Max from Flipkart, head here . The overall price range is $449 to $1,449 now, up from $349 to $1,149 previously.

Three babies and two adults stabbed at NY childcare centre
All of those injured were taken to hospital in "critical but stable condition", police said, and are expected to survive. A police officer stands guard at the house were five people were stabbed overnight, Friday, Sept. 21, 2018, in NY .

Man accused of killing ISU student had lengthy criminal history
"This is a tragic and senseless loss of a talented young woman and an acclaimed student athlete", said Dr. The university's women's golf team withdrew from a competition in MI to return home to grieve her death.

Frustrated Gary Cahill could leave Chelsea amid lack of game time
The new Blues boss has one conflict to sort out with one players asking to leave Stamford Bridge. It's only a small bump though as the player is yet to play this season.

Audi Launches Electric SUV in Tesla's Backyard, With Assist From Amazon
Drivers of the e-tron will be able to get an 80 percent charge in about a half hour at public high-speed charging stations. Fast charging with up to 150 kW and ample range suitable for long-distance journeys are benchmarks in this class.

Jordan Peele to narrate the new Twilight Zone, see first teaser
Now we've learned, via Variety , that Peele will not only be producing The Twilight Zone , but hosting and narrating it as well. In the clip of the host announcement below, you'll hear a mix of Serling and Peele's voices doing the iconic opening intro.

These photos show how much Hurricane Florence 'ravaged' the Carolinas
In 1954, Hurricane Hazel tore through Haiti and North and SC , killing 95 people in the US and as many as 1,000 people in Haiti. He rationed the feed he had on-hand as best he could, and used 250 gallons of diesel per day to keep his generators running.

Ontario MP Leona Alleslev quits the Liberals to join the Conservatives
As an MP, she has sat on the immigration and defence committees and served as chair of the Canadian NATO Parliamentary Association.

30 suffer nosebleed due to Jet Airways' staff negligence
Several commuters complained of severe headaches and at least 30 reported bleeding from their nose and ears. Only half of the people stranded at the airport got refreshments after repeatedly asking for it.

Google Accepts Remotely Changing Settings On Android Phones; Apologizes For "Bug"
Google has apologised overnight through their official account in the PixelCommunity subreddit. One Reddit user responded: "Yeah the whole "we'll fix it guys" is not gonna fly on this one".

Girl critical after 2nd shark attack on same Australian isle
The 46-year-old woman suffered significant leg and torso injuries after the incident at Cid Harbour about 5pm on Wednesday. Ms Barwick, a mother of two, would likely have bled to death without the quick-thinking actions of people in nearby boats.