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
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Nation

Works Ministry denies report that Malaysia has the 12th worst roads in the world
Caribbean countries eager to learn from Malaysia's successes in aviation industry, says Dr Wee
Critical need to improve Navy's combat assets, says Eastern Fleet Command
All concerts in Kedah temporarily suspended, says exco member
Penang devotees celebrate Nine Emperor Gods Festival after two-year hiatus
Klang police seeking witness to attend murder trial
US FAA restores Malaysia's air safety rating to Cat 1
Struggling businesses urge govt to continue with loan moratoriums
Temporary flood relief centre in Kluang closes, two remain open
Singer Yasin files representation to review drug charges

Others Also Read