Blame costly wars, not China, for poor state of US economy : Jack Ma

January 22, 2017 17:04

Ruling out the much-talked about US-China trade war under the Trump presidency, founder of Chinas e-commerce giant Alibaba Jack Ma said the poor plight of American economy was due to the costly wars waged by Washington and has nothing to do with trade ties with Beijing.

China and the US will not start a trade war as President Donald Trump is an open-minded person who needs more time, Ma said.

Ma, who has met Trump promising to create a million jobs in the US and market a million American products, said it is wrong to ascribe Americas economic problems to China.

It is the US that is responsible for its sluggish economy, given that $14 trillion was wasted on waging war over the past 30 years rather than investing in infrastructure. China did not steal American jobs, Ma said, adding that the loss of jobs is a strategic mistake on the part of the US, state-run Peoples Daily reported today.

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