JPMorgan has US$20bil at stake as Dimon jokes about China

JP Morgan chief executive officer Jamie Dimon – A + A (Nov 24): Jamie Dimon's eyebrow-raising joke about JPMorgan Chase & Co outlasting China's Communist Party has so far been met by public silence from officials in Beijing. But with nearly US$20 billion of exposure in the world's second-largest economy — and big ambitions to expand even further — the US bank has a lot riding on maintaining cordial relations with a government that's sensitive about anything that might be construed as questioning its legitimacy. In a sign that JPMorgan is attuned to the risk of blowback, members of the…