BEIJING/SHANGHAI -- Chinese corporations seem to be coming to the government's aid in the trade war against the U.S., as escalating tariffs between the countries leave Beijing with shrinking options for retaliation.
Jack Ma Yun, chairman of e-commerce company Alibaba Group Holding, made a splash when he walked back his pledge to create 1 million jobs in the U.S. in an interview published Wednesday by China's Xinhua News Agency. His remarks came after President Donald Trump enacted a new round of tariffs on Monday.
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