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Jack Ma interview: Wars start when trade stops

Jack Ma: Trade stops war

Jack Ma has a warning for those who see globalization as a problem: When trade stops, wars can follow.

“We should keep on going along a trail of globalization,” Ma pronounced Friday in Hangzhou, China. “Globalization is good… when trade stops, fight comes.”

The executive authority of Alibaba (BABA, Tech30) pronounced he hopes a anti-globalization passion that now grips most of a universe will palliate after U.S. elections in November. China, in particular, has been a aim of exhilarated rhetoric.

“Every time there’s an election, people start to impugn China. They impugn this, they impugn that,” Ma told CNN’s Andrew Stevens. “[But] how can we stop tellurian trade? How can we build a wall to stop a trade?”

Related: Trade troubles haunt G20 leaders during China summit

G20 leaders are scheming to accommodate this weekend in Hangzhou, a city where Ma founded his e-commerce hulk in 1999. Trade — and globalization — are expected to be vital topics of discussion.

For his part, a 52-year-old Ma believes that globalization hasn’t left distant enough. He pronounced general trade contingency now be softened so that some-more people can suffer a benefits.

Ma is anticipating to representation G20 leaders on an electronic universe trade platform, or e-WTP, that would assistance tiny businesses enhance their patron bottom globally, a approach multinational companies have been means to. It would also assistance discharge tariffs, inspections and other red fasten that can outing adult mom and cocktail shops.

“We need solutions for immature people to precedence a record we have, so they can buy anywhere, sell anywhere, trade anywhere,” he said. “If we wish to get involved, only join.”

Related: Global trade unemployment sinks shipping giant

The initial G20 limit was hold in 2008. The annual confab of a world’s 20 largest economies has a churned record on producing suggestive process results, though Ma pronounced a limit is a “great opportunity” for politicians to listen to business leaders.

“Every supervision says they adore tiny businesses though what have they finished for them?” Ma asked. “We should lift down all a barriers.”

Article source: http://rss.cnn.com/~r/rss/edition_business/~3/6XvQY7Qy_pc/index.html