Trump puts Chinese criticism aside and meets with Chinese business magnate

Trump puts Chinese criticism aside and meets with Chinese business magnate

This is seen as an attempt to soften Trump who has pledged to take drastic trade action against China accusing it of "stealing American jobs".

The meeting makes Trump look good-like his much-vaunted negotiation skills forced "China" to come to the table and invest in American prosperity. "Ma is going to say that because those are the buzzwords that appeal to the incoming administration".

Prior to the meeting, Trump had often targeted the Asian giant and the world's second-largest economy, blaming Beijing for USA job losses and vowing to impose 45-percent tariffs on Chinese imports. According to Trump, the pair discussed the creation of one million new jobs in the U.S. over five years through a deal that would see small businesses in America sell to Asia.

Ma, a Chinese citizen, appears frequently with leaders from the highest echelons of the Communist Party, and both sides have voiced their support and admiration for each other. I think the president-elect is very smart, he's very open-minded to listen.

Now, at least in part, on the business-to-business level, he seems to be willing to allow more businesses, both USA and foreign, to join his economic program. It also announced that it will hold a major business event in the USA to help small companies to tap into the lucrative Chinese market. With the start of 2017, it seems that the company will comply with its promise of 1 million recruitments in a total span of five years. The president-elect told reporters they had a "great meeting" and would do great things together.

After his meeting with USA president-elect Donald Trump in New York, Alibaba executive chairman Jack Ma said, "We talked about supporting one million small businesses to sell on our platform to China and Asia, especially Southeast Asia, where we are pretty big". Alibaba gained 8.1 per cent a year ago in NY.

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Ma also said that the discussion included talk on the need for China and United States to improve their relationship. The partnership already gives Alibaba access to Intime's inventory and allows its online customers to pick up orders from physical stores.

"We mainly talked about small business and young people and American agriculture products with China".

Alibaba stock was up 1.5% in early trading Monday following news of the meeting.

But this was already in the making: Ma unveiled a similar-sounding USA job-creation plan in June 2015, at an event in NY.

It could also be seen as a way to gain support from U.S. regulations.