Jack Ma Warns of War

Jack Ma Warns of War

“Everybody is concerned about trade wars. If trade stops, war starts,” he said in Melbourne, where the e-commerce giant Alibaba opened its Australia and New Zealand headquarters.

“But worry doesn’t solve the problem. The only thing you can do is get involved and actively prove that trade helps people to communicate,” said Alibaba’s CEO, as quoted by Business Insider Australia.

The globalized economy is more than just transactions of money and goods, according to Ma.

“We have to actively prove that trade helps people to communicate. And we should have fair trade, transparent trade, inclusive trade,” he said.

“Trade is about a trade of values. Trade of culture,” said the billionaire, stressing that he felt a personal responsibility to fly more than a hundred thousand kilometers in the past month to promote global commerce.

“If Australia, New Zealand and other countries can create a free trade zone in the form of an e-hub for small businesses, they can work like the big companies – with 24 hours clearance, better tariffs, and quicker inspections. That could help a lot of small businesses,” he said.

Donald Trump has met with Chinese ecommerce entrepreneur, Jack Ma, to discuss creating 1 million new US jobs over the next five years.

“Jack and I are going to do some great things,” Trump told reporters after the meeting at Trump Tower on Monday, according to Reuters. He said the two had a “great meeting.”

The meeting was called to focus on the Chinese e-commerce company’s US expansion plans, according to spokespeople for both Alibaba and Trump. Ma had planned to be in New York and the scheduling worked out for the meeting, a source told CNBC.

Ma said the pair discussed strengthening the two countries’ relationship. He said Trump “has the concerns and he has the solutions and he wants to discuss with China and us that how we can do better,” according to AP.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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