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.

 

e-max.it: your social media marketing partner

Chinese ambassador meets Assam CM Sarbananda Sonowal

Assam Chief Minister Sarbananda Sonowal on Monday met Chinese Ambassador to India Luo Zhao...

Former AP Minister Devineni Nehru Funerals Completed

Former minister Devineni Nehru Funeral to be taken place in Gunadhala at his own field. Ne...

Chief of Army Staff Bipin Rawat at Tirumala temple

Chief of Army Staff Gen Bipin Rawat accompanied by his family had Maha Laghu darshan of Lo...

Andhra Pradesh spreads red carpet for Fintech, cyber security firms

Vishakhapatnam: In a move that will boost the Fintech environment in the state and Vizag i...

No Early Assembly Polls In Telangana: KCR

Telangana Chief Minister K Chandrasekhar Rao on Friday ruled out possibility of early Asse...

Now, passport services at Warangal doorstep

Warangal: Head post offices are getting ready to accept the passport applications. Officia...

Vijay Mallya Gets Bail

Liquor king Vijay Mallya who is wanted in India for defaulting on loans worth Rs 9,000 cro...

Vijay Mallya arrested by UK police in London

Vijay Mallya arrested by UK police in London

Liquor King Vijay Mallya, accused of defaulting on loans worth crores, has been arrested i...

South Korea complains to WTO about China over Thaad

The South Korean government has appealed to the World trade Organization, alleging that Ch...

Indian-Americans protest against hate crimes in front of White House

Indian-Americans, particularly Hindus and Sikhs, have become victims of Islamophobia and x...

Seven killed in Dharampur road accident

Surat: Seven persons were killed when the jeep in which they were travelling fell into a 2...

Roommate shoots nude video for boss, held

The cyberabad police arrested a director and an employee of an event management firm for s...

Rana Daggubati shares candid behind-the-scenes pics

Rana Daggubati shares candid behind-the-scenes pics

With the release date of the highly anticipated flick Baahubali: The Conclusion coming clo...

Star Hero Relieved From Dummy Parents!

The case of Tamil star hero Dhanush is so peculiar that a Madhurai couple Kathiresan and M...

Gujarat won the toss and elected to field

Raina: We have four changes. Faulkner's out, Andrew Tye's in. Ishan Kishan is sick, so 23-...

Shane Warne picks his all-time 'IPL XI', MSD is captain

Shane Warne picks his all-time 'IPL XI', MSD is captain

Australian spinner Shane Warne picks his 'All-time XI' in the IPL as the T-20 tournament e...

Airbnb chief eyes aviation revolution

Airbnb co-founder and CEO Brian Chesky may just be on course to rework your flying experie...

Cognizant may fire over 6,000 employees this year

Cognizant appears to be all set to cut at least 6,000 jobs, which represents 2.3% of its t...