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Trade war

Alibaba's Jack Ma warns trade war could last 2 decades

Tech billionaire confident about Chinese economy's ability to ride out wrenching period

Jack Ma, founder of Chinese e-commerce giant Alibaba, speaks with students during an event at Tel Aviv University.   © Reuters

Jack Ma Yun, the founder of Chinese e-commerce leader Alibaba Group Holding, predicted on Tuesday that the escalating trade conflict between the world's two largest economies could far outlast U.S. President Donald Trump's administration.

"It's going to be long," Ma said at Alibaba's annual investor day in the Chinese city of Hangzhou, referring to the U.S.-China trade war. "It's going to be a mess -- maybe 20 years."

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