The Trader 

Market Outlook: Forget the 1 million I promised

The Trader

Mr Ma, founder and chairman of Alibaba, China’s online retailing giant, met President Trump in January 2017 and suggested that US merchants selling directly through his platform could create 1 million new jobs in America.  Yesterday he told Xinhua news that due to Sino-US trade wars this was no longer possible.  Tuesday, he described the trade frictions ‘a mess’, suggested they could last 20 years, reports CNBC, and earlier he had announced that he will step down from chairing the group within a year.

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