Every technological revolution takes about 50 years.
People say, 'Well you know the economy's bad, so China consumption will be low. No, totally different. You Americans love to spend tomorrow's money, and other people's money maybe... We Chinese love to save money.
Consumption is still going up on Alibaba. This is because when the economy goes down people look online to Alibaba to buy cheaper things.
It's impossible for China to keep 10 to 15% growth annually. The economy needed to slow down, and we have to learn to slow down.
China is still the fastest growing economy in the world, but we need to learn how to use money in a better way, and it's about quality, not quantity.
I think U.S. and Chinese businesses need a common language and dialogue.