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US President Barack Obama (L) and Alibaba CEO Jack Ma participate in a panel discussion at the APEC CEO Summit in Manila, Philippines, November 18, 2015.[Photo/Agencies] |
During the discussion on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in Manila, the US president probed Ma on how he thought government and established businesses could help young entrepreneurs.
"Government is simple - just reduce the tax, or no tax, for these guys," Ma responded, to a wave of laughter and applause from the audience of business executives.
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