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Alibaba’s Ma calls trade war ‘stupidest thing in the world’

November 07, 2018 00:00:00


Microsoft founder Bill Gates (left) holding talks with Alibaba Chairman Jack Ma (right) during the Hongqiao International Economic and Trade Forum in the China International Import Expo at the National Exhibition and Convention Centre in Shanghai, China on Monday — Reuters

SHANGHAI, Nov 06 (AFP): The US-China trade war is the "stupidest thing in the world," Alibaba e-commerce tycoon Jack Ma declared at an import fair that China opened Monday partly to counter foreign criticism of its trade policies.

Ma, who recently took back an earlier pledge to create a million jobs in the US-blaming the trade war launched by Donald Trump-made the comments in a panel discussion at the massive expo in Shanghai.

"(The) trade war is the most stupidest thing in this world," the Alibaba founder said, without mentioning Trump by name.

"Trade is to form ... peace. Trade is to communicate...nobody can stop free trade."

President Xi Jinping opened the China International Import Expo earlier Monday with a vague pledge to widen access to his country's economy, as Beijing faces growing impatience from trading partners.

But he also delivered a veiled rebuke to Trumpism, decrying "protectionism", "isolationism" and "the law of the jungle".


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