Davos 2017: An Insight, An Idea with Alibaba Founder, Jack Ma (Transcript)

In the past 30 years, the globalization was controlled by 60,000 big companies. A hundred years ago, globalization was controlled by several kings and emperors. What if the next 30 years we can support 6 million businesses doing business across the board? What if the next 30 years we can help support 20 million small businesses, can do business across the board. So this is something which I believe globalization should be inclusive.

Interviewer: And do you think that the words of President Xi will happen in reality, which is to say that China has largely acted on its own behalf for many many years and now is effectively saying that the U.S. needs to continue acting on everybody else’s behalf?

Jack Ma: Yeah, I think the world needs some — it’s such a — Mr. Xi yesterday said it’s a wonderful time, it’s the best time or the worst time. The world needs a new leadership but the new leadership is about working together. This is what I understand. We do not necessarily need one specific leader to teach us what to do, what not to do. But the world have to partner together. This is what I think. And I think I like as a Chinese, as a business people I like, I feel proud for what President Xi said yesterday. As a business person I want the world to share the prosperity together, to join the force together. As a Chinese, I’m happy about what he committed. Yesterday he said — he speaks like us take the responsibility of the second largest economy. As the China, second largest economy, he has to take some responsibility. This is the first time I heard a Chinese leader make number commitment. He said next 10 years we are going to import $8 trillion. This makes me feel excited, because China is transforming from exporting to importing. If there is a concrete number, if we keep fuel it, this is going to be a huge change to China and to the world.

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Interviewer: Do you think that it’s easier today for China to be interested in globalization because of the benefits that can accrue to China because you’re continuing to develop than it is for countries that are ‘developed’?

Jack Ma: Well, first, the WTO rule is not decided by China. It’s not made by China. I will say there’s something that I want to change WTO is design — lot of the rules designed for big companies in the past 30 years — and only big companies can do it. And China definitely benefits a lot from opening. I think China should learn one thing: that we grew in the past 30 years, it’s because we opened to the world. If we continue to open —

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