Top Alibaba Exec Lashes Out at U.S. Attempts to Contain China

Alibaba Group Holding Ltd. Vice Chairman Joseph Tsai struck out at some of China’s most vocal critics, saying their understanding of the country was flawed and they just wanted to stall its technological advancement. The billionaire name-checked U.S. Senator Mark Warner -- who’s argued some Chinese companies pose a security risk to the U.S. and had bullied American companies into transferring key technology. At the heart of China-U.S. trade tensions is Beijing’s “Made in China 2025” blueprint for transforming the country into a manufacturing power in everything from robots to aircraft.

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