Jack Ma says US will ‘suffer more' if it keeps trying to start Cold War with China
Added 10-11-18 01:37:02am EST - “Alibaba's executive chairman Jack Ma has warned that the US will "suffer more" if it continues its efforts to launch a Cold War against China in an attempt to neutralize the growth of the country's economy.” - Rt.com
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Speaking via video to the South China Morning Post’s China Conference in Kuala Lumpur, Ma said he believed the US would fare worse in any dispute between the two countries. Despite the warning, however, Ma said he remained positive because “as entrepreneurs, if you are not optimistic [you shouldn’t be] entrepreneurs.”
The Alibaba co-founder told the conference he didn’t understand the logic behind US tariffs imposed on China by President Donald Trump’s administration, and said that the US had benefited from its trade relationship with China, referring to the fact that outsourcing jobs to China had caused the US Gross Domestic Product to grow.
Joe Tsai, Alibaba’s executive vice-chairman, echoed Ma’s comments, but went even further, saying that the trade war initiated by Trump’s administration has already escalated into a “Cold War or geopolitical war started by the United States.”
“I think what the United States is doing is a reaction to an unfounded fear that China’s rise is somehow going to threaten the national security and wellbeing of the American people,” Tsai said. Such a belief, he added, was misguided due to the huge integration between the two economies.
It is really ill-advised for the United States to launch a war of some sort targeting China, thinking that they can treat China like the way they treated Russia by isolating the economy and bringing on pain.
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US will ‘suffer more’ if it keeps trying to start Cold War with China - Jack Ma https://t.co/aQn24Y6Bsv https://t.co/4hM5ymhFTC
RT @SCMPNews: Is Trump’s hawkish behaviour towards China the start of a new cold war?https://t.co/tpgg74If7t
Is Trump’s hawkish behaviour towards China the start of a new cold war? https://t.co/SvLIRvFC80
RT @RFDelaney: Is Trump’s hawkish behaviour towards China the start of a new cold war? https://t.co/f5pBXi69HA via @SCMPNews @Junmai1103 #T…
Is Trump’s hawkish behaviour towards China the start of a new cold war? https://t.co/f5pBXi69HA via @SCMPNews @Junmai1103 #TradeWar