According to Alibaba’s Jack Ma, US-China’s trade relationship could be strained up around 20 years if both sides are not careful with resolving their differences. Ma made these comments in an interview with Bloomberg, adding that even if the trade war does not prolong, the long-term trade relations could continue tense if all issues are not addressed.

Over 70% of goods traded with each other have been impacted so far since the trade war started last year. With the US and China announcing tariff hikes on each other’s imports, trade tensions continued to climb higher and went on to impact economic growth not just in China and the US but also in the rest of the world.

After high level trade talks held in Washington in October, markets did enjoy some respite as Trump announced that negotiations were progressing and that the two nations would come together to sign a “phase one” trade agreement shortly. While this boosted the market sentiment for a few weeks, the markets tensed all once again over lack of updates on when this trade deal would be signed.

Meanwhile, according to data released by the Ministry of Commerce, FDI inflows into the Chinese markets climbed 3% higher till September in 2019, maintaining the same pace of growth seen during the corresponding period in 2018. The list includes both American companies as well as businesses from other countries like Japan and South Korea.