Shanghai — The US-China trade war is the “stupidest thing in the world”, Alibaba e-commerce tycoon Jack Ma declared at an import fair that China opened Monday partly to counter foreign criticism of its trade policies. Ma, who recently took back an earlier pledge to create one-million jobs in the US — blaming the trade war launched by Donald Trump — made the comments in a panel discussion at the massive expo in Shanghai. "The trade war is the most stupid thing in this world," the Alibaba founder said, without mentioning Trump by name. "Trade is to form … peace. Trade is to communicate … nobody can stop free trade." President Xi Jinping opened the China International Import Expo on Monday with a vague pledge to widen access to his country's economy, as Beijing faces growing impatience from trading partners. But he also delivered a veiled rebuke to Trumpism, decrying "protectionism", "isolationism" and "the law of the jungle". Ma, the billionaire owner of China's largest online shoppin...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now