Alibaba estimates that its platform will represent 200 billion dollars worth of imports

Ali Baba it's committed to managing Chinese imports for a value of 200 billion dollars over the next five years, with which will contribute "his grain of sand" to reduce the $ 400 billion trade surplus of the Asian giant with the rest of the world.

"Over the next five years, we will help global companies export more than $ 200 billion worth of products to China – that's our commitment," said Daniel Zhang, who will relieve Jack Ma of the leadership of the company. company next year.

A growing middle class fueling demand for foreign brands and products, said Zhang.

"We want to help our customers enter China through digital technologies," he added.

The e-commerce giant is about to launch its largest annual shopping event: the day of the singles, which is celebrated on November 11, an extravagance of online sales that often has a significant impact foreign trade component.

Zhang added that China's largest company now serves more than 100 million customers outside your home country.

China's trade surplus is one of many problems, from market access to intellectual property protection, to the center of growing tensions with the United States.

China's trade surplus is one of the problems that the United States faces with its partner in the midst of trade tensions, which include access to the Chinese market and the protection of intellectual property.

Alibaba derives most of its income on a national level but he promoted China as a destination for products manufactured abroad, from the United States and elsewhere.

The company already has in its catalog known brands such as Nike and Urban Outfitters in countries like Tmall Global, and helps traders around the world to export all kinds of products in China, from lobster to strawberries.

International trade was entrusted to Jack Ma, co-founder of billionaire Alibaba, who on Monday highlighted the trade dispute between China and the EU. "the stupidest thing in the world" and again condemned the conflict between the two largest economies in the world.

Zhang echoed her boss on Tuesday and said China is increasingly ready to open its markets.

This addresses a thorny problem that outrages the Donald Trump administration and has triggered the introduction of reciprocal tariffs on products worth several hundred billion dollars.

"We are fully aware that economic transformation This is needed for the Chinese economy, "he said.