It's normal for the world's two biggest economies to have problems with trade, but tackling them with a trade war is just like treating a flu with chemotherapies, founder and chairman of Chinese e-commerce giant Alibaba Groud Jack Ma said Monday
You are not solving the problem of the cold, you are destroying the whole body, the whole system, Ma made the comment while attending a dinner with International Monetary Fund Mangaging Driector Christine Lagarde during the Boao Forum ofr Asia annual confernce, which runs from April 8 to 11.
Ma said that trade is baout mutual respect and that nobody can stop globalization, Trade is about rules and negotiations. If trade stops, war starts. He said.
Speaking of the U.S.-China trade deficit. Ma disnissed the issue as a probolem, citing economic growth and a low jobless rate in the United States as well as huge profit made by U.S firms in the bilateral trade
Today as a businessman, I dont feel that trade deficit is a problem, he said
For the part, Lagarde also warned of the risk of temptation for inward policies.
We're Here to Help