“The greatest difference between the Belt and Road Initiative and general globalization lies in the inclusion of young people, women, smaller enterprises and developing countries. It aims to reach more people. This is both a responsibility and an opportunity,” the billionaire said in an interview with the People’s Daily on the sidelines of the Belt and Road Forum for International Cooperation.
The Alibaba founder praised the vision of Chinese President Xi Jinping, saying the project was an excellent opportunity for individuals and countries.
Beijing has pledged over $100 billion to finance projects under the investment initiative.
TRENDING: 'If trade stops, war starts,' warns #Alibaba founder Jack Ma https://t.co/Hv421QNzFt— RT (@RT_com) February 6, 2017
The 'One Belt, One Road' strategy aims to strengthen China’s influence and trade links to the rest of the world, as well as to boost the economy’s investment, according to the Chinese president.
“China will endeavor to build a win-win business partnership with other countries participating in the Belt and Road Initiative. These efforts are designed to promote growth both in our respective regions and globally,” Xi Jinping said in his opening speech at the forum.
Alibaba’s CEO supported the strategy and points out its goals mirror his proposal for an Electronic World Trade Platform (eWTP), and eRoad made last year at the Hangzhou G20 summit.
Jack Ma, the founder and chairman of the world’s largest e-commerce platform Alibaba, has revealed an ambitious plan to create 100 million jobs in the next twenty years.
“Last year I spent more than 820 hours traveling all across the globe to gain insight into the world. It is important to be there, observe and think. We want to do something different. Instead of simply selling our products to Belt and Road countries or importing cheap labor and raw materials, we want to create jobs, stimulate overseas economies and improve people’s livelihoods,” said Ma.
Once the eWTP is established, young people from all over the world will be able to buy and sell products globally with just a smartphone in their hands, according to the Alibaba boss.
Jack Ma managed to launch the first overseas eWTP hub in Malaysia in ten minutes thanks to a partnership with the Malaysian authorities.
Retreat from globalization will only result in trouble, warned China's second richest man Jack Ma during a visit to Australia.
“I was convinced by the Malaysian officials that the project could be completed in three months, on a scale much bigger than those in the past three decades,” he said.
“We are already a global leader in mobile payment, and we are ready to share our technology with developing countries. We have not only invested large sums of money in these countries, but we have also dispatched our technicians there to help,” said Ma, who also founded payment platform Alipay and online shopping website Taobao.
The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to ...
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 30, 2023 (Thursday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||348||351.5|
|Hong Kong Dollar||HKD||36.11||36.46|
|New Zealand Dollar||NZD||175.57||177.58|
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,700 on Thursday.The price of 10 grams of 24k gold was recorded at Rs178,070.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 207,700||PKR 2,470|
|Karachi||PKR 207,700||PKR 2,470|
|Islamabad||PKR 207,700||PKR 2,470|
|Peshawar||PKR 207,700||PKR 2,470|
|Quetta||PKR 207,700||PKR 2,470|
|Sialkot||PKR 207,700||PKR 2,470|
|Attock||PKR 207,700||PKR 2,470|
|Gujranwala||PKR 207,700||PKR 2,470|
|Jehlum||PKR 207,700||PKR 2,470|
|Multan||PKR 207,700||PKR 2,470|
|Bahawalpur||PKR 207,700||PKR 2,470|
|Gujrat||PKR 207,700||PKR 2,470|
|Nawabshah||PKR 207,700||PKR 2,470|
|Chakwal||PKR 207,700||PKR 2,470|
|Hyderabad||PKR 207,700||PKR 2,470|
|Nowshehra||PKR 207,700||PKR 2,470|
|Sargodha||PKR 207,700||PKR 2,470|
|Faisalabad||PKR 207,700||PKR 2,470|
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