Elon Musk isn’t the only high-profile business executive visiting China this week. JPMorgan (NYSE:JPM) CEO Jamie Dimon had his own comments to say about his relationship to the country, as well as company policy going forward.
“When we do business in a country, we’re there for the citizens of the country, hopefully through good times and bad times,” he told Bloomberg at the bank’s annual Global China Summit in Shanghai. “We tend not to leave unless there is war or a civil war, and we’re not predicting any of that here. There’s always going to be risk.”
“Obviously, it’s been a far more complex situation… and national security will trump all other issues. When our government tells us to do A, B and C, we’re going to do A, B and C, and support it.”
“Over time there’ll be less trade [in China, but] it’ll take years for this thing to take place. This is not de-coupling, this is de-risking, the world’s change a little bit.”
More on doing business in China
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- Source: https://seekingalpha.com/news/3976118-jamie-dimon-comments-on-jpmorgans-business-in-chinautm_source=feed_news_all&utm_medium=referral