Alibaba says it will help China buy $200 billion in goods in the next five years

Alibaba says it will help China buy $200 billion in goods in the next five years

6 years ago
Anonymous $yysEBM5EYi

https://www.cnbc.com/2018/11/06/alibaba-pledges-to-help-china-buy-200-billion-in-goods-in-next-5-years.html

SHANGHAI, China — E-commerce giant Alibaba announced Tuesday it plans to help global businesses sell $200 billion in goods to China in the next five years.

A day earlier, Chinese President Xi Jinping said his country will import $30 trillion in goods and $10 trillion in services over the next 15 years. China's trade deficit with the U.S. — which hit a record high in September — has been targeted by the Trump administration with tariffs this year.

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