Alibaba chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be "a mess" for all parties involved, citing weak trade rules.
Ma said that China should now seek closer trade ties with other parts of the world, such as Southeast Asia and Africa.
This is not what the market wants to hear right now.
Hours after China's Foreign Ministry said it would unveil its retaliation to the impending 10% US tariffs on $200 billion of Chinese goods "at an appropriate time" - a "measured" response that, because it wasn't "the worst scenario that some analysts had expected", helped push global markets higher, China's wealthiest - and recently retired - man warned that the US-China trade spat is far from over.
Alibaba founder - who surprised the market...