Jack Ma: US will suffer more in trade war


  • Nation
  • Wednesday, 10 Oct 2018

KUALA LUMPUR: The United States will suffer more in the long trade war with China, says Alibaba Group Holding Ltd's co-founder Jack Ma.

“I'm very concern that the US will suffer more in the trade war.

"The trade deficit was a problem accumulated over the past few decades, and it cannot be solved overnight,” Ma said after making a special appearance via a conference call at the China Conference organised by the South China Morning Post.

“Trade wars will cause many problems for many, not only to China, but any (of the) countries which are connected to these two countries (US and China). It will also last very long,” the billionaire technopreneur said.

“We should focus on trade opportunities, education,” he said, in response to questions from the master of ceremony in Kuala Lumpur on Wednesday (Oct 10).

Ma said he had not lost hope of the dispute being resolved.

He said he was “almost optimistic” about the trade war between the United States and China, saying that there were still a lot of opportunities, even in bad times.

“If you are not optimistic, don’t be an entrepreneur,” he said, drawing laughter from the crowd.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Nation

No documents found on Yayasan Akalbudi's contributions over purchase of bungalows in Kajang, says witness
Madius denies backing Perikatan
Penang cops investigating report of man in pink wristband seen at hardware store
MB: Selangor govt to evaluate need to hold State Assembly meeting
Police arrest four men for allegedly using taxi for trafficking drugs worth RM3.4mil
RM17.9mil from Yayasan Akalbudi funds withdrawn without board's consent, says witness in Zahid's trial
EMCO in Kg Tanah Merah in Kota Marudu extended until March 22
Over half a million in Sabah completed census, says state Statistics Dept
Covid-19: Cases linked to a supermarket in Cheras among three new workplace clusters
Contractor rescued after being buried alive while doing cable works in Klang

Stories You'll Enjoy


Vouchers