Ma Yun: China Is Moving From Exports To Imports, Which Is The Biggest Opportunity In The World.

On November 5, Chairman of the Board of Directors of Alibaba, Ma Yun, delivered a speech at the “Trade and Innovation” parallel forum of the International Economic and Trade Forum. He pointed out that China is moving from export to import and will become a major importer. This is China’s biggest challenge and the world. The biggest opportunity.

Ma Yun said that today is a milestone and a crucial time for China and the world. "China is shifting from exports to imports. In the past 40 years, China has focused on manufacturing and exports. We have 800 million people out of poverty. Because China and the world have new business systems, today we will become a major importer. This is China's largest. The challenge is also the biggest opportunity in the world."

In Ma Yun's view, China's transition from export to import poses a challenge because after 40 years of development, many Chinese companies have adapted to the export model. Some manufacturing companies do not like importing, and they are worried that their business will be challenged. "China will import 30 trillion US dollars of goods and 10 trillion US dollars of services in the future, change the trading system, many enterprises are suffering, but it is a good thing for consumers, and China has the ability to deal with it. In 2001, many people worried about joining the WTO. China, but the past 17 years have proved that China is a wolf. If we respond to challenges, we will take advantage of this opportunity.” Ma Yun said.

For the world, China’s $30 trillion in merchandise imports and $1 billion in service imports will bring huge opportunities. For example, Ma Yun said, “China has to eat 600 million pigs a year, spending between 15 billion and 20 billion yuan. China’s imported beef is growing 80% a year. One European company is selling women’s cosmetics. The company’s one-year revenue on our website. Equivalent to the income of the past 70 years."

Ma Yun believes that technological development is changing the global trade pattern. He said that in the past many years, we have become more and more like machines, and the future machines are more and more like people. The manufacturing industry will no longer create jobs, and the tertiary industry will create more jobs. We are not worried about trade wars. Trade wars are the most stupid. Trade is for communication. The trade deficit will not exist in the next 20 years. Because technology promotes trade, no one can stop it, and the trade pattern can change due to technology.

Ma Yun further pointed out that 200 years ago, trade was controlled by the king. Over the past 30 years, more than 6,000 multinational companies have used trade to develop themselves. Now the trade is not enough to be inclusive. We use technology to make trade more tolerant and let young people buy it with mobile phones. The world's products are sold to the whole world.

For the development of technology, Ma Yun also said that technology will create many innovative small companies, small companies will change the world. "We should pay attention to the next 30 years of paying attention to young people under the age of 30. They were born in the Internet age. I believe that technology is not afraid of technology. In the future, we will see that 95% of the trade is done online, and in the future it is called electronic enterprise. E-commerce, in the past, only large companies could do import and export. In the future, small businesses can also participate in international trade. This is the impact of technology."