4hw.com.cn: latest news of Boao Forum 2018: Ma Yun said that if Sino US economic and trade worsens, the promise of creating millions of jobs for the United States will be void. Last year, when meeting with President trump, Ma Yun, chairman of Alibaba's board of directors, said that he would create 1 million jobs for the United States. During the Boao Forum for Asia's annual meeting in 2018, Ma Yun stated that if Sino US economic and trade relations deteriorate, this commitment will also be invalidated.
On the evening of September 9, the Boao Forum for Asia held a themed dinner. Ma Yun, chairman of Alibaba's board of directors, talked to Lagarde, President of the International Monetary Fund.
In response to the Sino US trade war, Lagarde said: 'trade is conducted according to rules, and players should follow their own rules, such as the WTO. If there are any problems, the mechanism should be used to solve the disputes; if the mechanism is not perfect, the mechanism can be improved through consultation, but it must not be disorderly. '
Lagarde said that to understand the current trade disputes, we need to learn from history. In the mid-19th century, the world's extremely poor accounted for 90% of the total population, and currently only about 10%. Trade is an important factor to free people from poverty. 'to reduce poverty, there must be trade. 'said Lagarde.
Ma Yun and Lagarde share the same view: 'if trade stops, the world stops, and no one can stop the process of globalization. "If China and the United States maintain good economic and trade relations, there is no problem in providing 1 million jobs to the United States, or even 10 million jobs. But if there is no trade between China, there will be no one million jobs. '
Mr Ma also said the US China trade deficit was not a problem. 'in the past 20-30 years, China has benefited from trade and the United States has benefited. Although the U.S. export figures are small, they make a profit. 'of course, there will inevitably be conflicts and frictions between China and the United States in trade, but they do not need to be solved through trade wars.
"As an entrepreneur, I am worried about the Sino US trade issue, but at the same time I am confident that the leaders of the two countries have enough wisdom to solve this issue. "Ma said.
At the dinner party, Lagarde also analyzed the situation of the world economy. She believed that the world economy has entered a real Renaissance. Lagarde said that at present, the GDP growth rate of 120 countries has exceeded 3.9%, which has returned to the level before the 2008 financial crisis. What's more gratifying is that unlike the consumption driven economic growth, this round of recovery is driven by investment and trade. 'as long as we don't make mistakes, we can maintain sustained prosperity. '
But Lagarde also said that attention should be paid to potential risks. The rise of financial cost, the tightening of monetary policy in developed countries and the rise of trade protectionism are all risks. 'the economic crisis will surely come again, and all countries should prepare for the next one. 'said Lagarde.