JPMorgan CEO Jamie Dimon says the U.S. 'shouldn't be afraid' of China, and that American businesses pulling out of the country would not be good for consumers.
, and is trying to attract more foreign direct investment. He expects those moves will be beneficial to the American consumer.
Chinese President Xi Jinping is seen at the end of the Chinese Communist Party's 20th Party Congress on a giant screen a commercial district of Hangzhou in eastern China's Zhejiang province on Sunday, Oct 23, 2022. The banking titan told Bartiromo that he does not see U.S. banks pulling out of China in the near future, saying the U.S. government sets foreign policy and American business wants to compete, "so we want to make sure whatever trade negotiations are advantageous to American business.
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during the Institute of International Finance annual membership meeting in Washington, D.C., on Thursday, Oct. 13, 2022. "Yes, there are a lot of challenges in a lot of countries [we] do business in," Dimon said, adding, "You know, leaving the country isn't really the best thing for the future of America."
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