Dimon says JPMorgan will be in China for good and bad times


Source: afr.com afr.com

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Dimon, meanwhile, met with Shanghai party chief Chen Jining, according to the municipal government. Chen, who also sits on the Chinese Communist Party’s Politburo, said he hopes JPMorgan could help bring more international financial institutions to Shanghai and provide insight to the city’s development. Dimon said he wouldn’t comment on his discussions with Chinese officials. Calling himself an American patriot who would follow the US government, the JPMorgan chief said he’s bidding to help the Chinese people. China has its own problems, including “scary” 20 per cent youth unemployment, he said. “We’re here, we’re going to support the Chinese people.”...