Alibaba’s Jack Ma Warns of ‘Big Trade War’ Between China, US
E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly.
He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned. "In the coming three to five years... the economic situation will be even more arduous than everyone had expected," the e-commerce billionaire said at an annual meeting of the General Association of Zhejiang Entrepreneurs.
Referring to the slowdown of the Chinese economy to 6.7 percent last year, the slowest in over two decades, he said it was "only natural" that China's rapid growth over the past three decades could not continue, and that the focus should be shifted to the quality of growth such a...