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Nobody can stop free trade; US-China trade war most stupid thing: Jack Ma

Ma argued on Monday that the purpose of trade should be to promote peace and communication rather than conflict, and that the rise of protectionism is misguided

IANS  |  Shanghai 

Jack Ma
Jack Ma (Photo: Reuters)

Chinese tycoon and co-founder said that he really hated the ongoing trade war between and and called it the "most stupid thing in this world".

"(The) Trade war is the most stupid thing in this world," Ma said on Monday at the Import Expo here.

It's the latest and perhaps bluntest barb about the trade conflict from the co-founder and executive chairman of Alibaba, China's biggest internet company, reports CNN.

In September, he blamed it for derailing his highly ambitious promise to create 1 million new US jobs.

The US and have slapped heavy new tariffs on huge swathes of each other's exports this year.

The accuses of stealing American intellectual property and forcing US firms to handover valuable tech. But US President has also repeatedly complained about his country's $375 billion deficit in the trade of goods with China.

Ma argued on Monday that the purpose of trade should be to promote peace and communication rather than conflict, and that the rise of protectionism is misguided.

"Nobody can stop the free trade," he said.

His remarks at the event came hours after Chinese President slammed a "winner-takes-all" approach to trade.

The China Import Expo has been organised by the to promote the country as a market for imports from other countries.

First Published: Tue, November 06 2018. 11:32 IST
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