China’s turbulent markets and economic slowdown has been one of the main issues on the mind’s of world leaders attending the World Economic Forum in Davos this week, fortunately Alibaba CEO Jack Ma has been there to reassure them there’s really nothing to worry about by throwing one hell of a dinner party.
Known for having friends in high places, Ma’s private get together on the Davos sidelines last night included a small guest list of just 30 or 40 of the world’s biggest movers and shakers.
Perhaps the belle of the ball was British Prime Minister David Cameron, who showed up in a blue-collared shirt with no tie, he was greeted by such international celebrities as Bono, Leonardo DiCaprio and Kevin Spacey, one of Alibaba’s biggest fans.
Though the party was not just attended by celebrities alone, there were also some people with real power as well, including: Cisco CEO John Chambers, Coca-Cola CEO Muhtar Kent, U.S. Secretary of Commerce Penny Pritzker, JPMorgan Chase CEO Jamie Dimon, UPS CEO David P. Abney, former Australian Prime Minister Kevin Rudd, former UK Prime Minister Tony Blair and new Canadian Prime Minister Justin Trudeau, who was apparently quite popular among the ladies, reports Sina.
With the theme of “Industry 4.0,” Davos this year is all about the future, but Ma decided that the theme of his little soiree would be “Silk.” He’s been reminding everyone that China is currently in a state of transition from an export to an import driven economy, and that in the long-term everything will turn out just fine. Here’s what he told RT:
The consumption is going up, the services are going up, the new high-tech business is going up, but the traditional business is going down.
It’s a healthy thing. The two or three next years may be challenging. But generally speaking, if the job market is there, if the consumption of China continues to grow…I think; now we have 300 million middle class people. In 10-15 years this figure will grow to 500 million. It’s an opportunity not only for China, but for the world. Don’t worry.
Jack Ma, proving Harvard wrong yet again.
[Images via Sina]