Alex Forrest Whiting
Alibaba's Singles' Day has yet again broken sales records. Lakshmi Thurai, director of sales trading for Saxo Bank's Asia Pacific region, discusses what this means for the retail giant but also for the Chinese economy as a whole.
Editor’s Picks 04 September 2016 at 23:33 GMT

Jack Ma says stopping trade starts wars

Alibaba boss Jack Ma has a warning for those who see globalisation as a problem: When trade stops, wars can follow. "We should keep on going along the path of globalization," Ma said Friday in Hangzhou, China. "Globalization is good... when trade stops, war comes." The executive chairman of Alibaba said he hopes the anti-globalisation fervour that currently grips much of the world will ease after US elections in November. China, in particular, has been a target of heated rhetoric. "Every time there's an election, people start to criticise China. They criticise this, they criticise that," Ma told CNN's Andrew Stevens. "[But] how can you stop global trade? How can you build a wall to stop the trade?" G20 leaders are preparing to meet this weekend in Hangzhou, the city where Ma founded his e-commerce giant in 1999. Trade - and globalization - are likely to be major topics of discussion. The 52-year-old Ma believes that globalisation hasn't gone far enough, but it can be improved.
Read full article at CNN


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