Wednesday 8 February 2017

China’s Richest Men Make Their Overtures to Trump

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(YicaiGlobal) Jan. 17 — Wang Jianlin, China’s wealthiest man, said his Wanda Group plans to invest USD5 billion to USD10 billion in overseas markets each year, with the US his top priority.

“Wang said his company would not be affected by the tension between the two sides [China and the US] because Trump would not block money going into the United States,” Reuters reported after speaking with Wang on the sidelines of the World Economic Forum in Davos.

Tension between the world’s two largest economies has been heightened in recent weeks. During his election campaign and in Twitter posts since, Donald Trump has sounded like a trade protectionist, pledging to restart talks with China if he won the vote and even threatening to levy a 45 percent tariff on Chinese-made goods.

Last week, China’s second-richest man, Alibaba Group Holding Ltd.’s Jack Ma met with the US president-elect in New York to discuss how the world’s biggest e-commerce company can create one million new jobs in the US over the next five years. Trump said he had a “great meeting” with Ma.

Trump is open to talks with China about trade, Ma said after their 40-minute meeting.

“If I can lobby I’m willing, but I’m not capable of lobbying both,” Wanda’s Wang is quoted as saying by Reuters.

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