Alibaba chairman Jack Ma has made a stupendous promise of creating one million American jobs during his meeting with US president-elect Donald Trump on Monday. This is seen as an attempt to soften Trump who has pledged to take drastic trade action against China accusing it of "stealing American jobs".
Trump's response to the offer has been extremely subdued compared to his statements after promises by other companies to create jobs by a few thousands. The president-elect told reporters after the meeting that he and Ma will "do some great things."
"Jack Ma is using jobs as a bargaining chip in exchange for better treatment and favorable polices in the US," said Zhang Zhouping, chief analyst at the China E-commerce Association. "However, 1 million seems to be an exaggerated number if he's just talking about small mom-and-pop businesses in the nation's Midwest. It will probably take a lot more time."
Analysts also say that Ma's claim cannot be taken seriously because the Chinese and South Asian market may find US made goods very expensive. Low sales through Alibaba's platform would hardly help small business in the US to generate jobs, they said.