While the American President has floated the possibility of a deal when he meets his Chinese counterpart, Xi Jinping, in coming weeks, the two countries remain far apart on everything from market access to government support for state-run enterprises.
“Trade war is the most stupid thing in this world,” Ma said at the China International Import Expo in Shanghai. Xi, who addressed attendees in the morning, is touting the forum as a major showcase of the country’s purchasing power.
Ma’s comments come as Alibaba is on the verge of kicking off its most important annual shopping event – Singles’ Day on November 11 – an online bargains extravaganza that often has a heavy foreign commerce component.
While Alibaba gets most of its revenue from domestic commerce, Ma and his fellow executives have championed Ch