JPMorgan's Jamie Dimon echoed statements made by US officials about the future of relations with China, including expectations of reduced trade.
Jamie Dimon, JPMorgan chief executive, echoed statements made by US officials about expectations of no decoupling between China and the west though trade could be affected.
«Over time there’ll be less trade. It’ll take years for this thing to take place, but it won’t be a decoupling and the world will go on,» Dimon said in a television interview with «Bloomberg», adding that the situation is «far more complex now».
American Patriot
Dimon called himself an American patriot who would follow the US government while also bidding to «support the Chinese people», highlighting issues such as a high youth unemployment rate of 20 percent.
He spoke during JPMorgan’s two-day annual summit in Shanghai this week which is hosting over 2,500 guests from 37 countries.
While JPMorgan said it remains committed to China, it noted that it would take longer to grow its business in the market and has highlighted the Japanese and Australian markets as attractive targets for further investments.
