CEO of America’s biggest bank says US, China need ‘real engagement’ to resolve issues

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CEO of America’s biggest bank says US, China need ‘real engagement’ to resolve issues
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“Let’s not try to decouple. Let’s not try to hurt China, the Chinese people,” he said. Read more at straitstimes.com.

HONG KONG – JPMorgan Chase & Co CEO Jamie Dimon said on Wednesday the United States and China need to have “real engagement” to resolve their tricky security and trade matters.

“I liked the fact that Janet Yellen, Secretary of Treasury, President Biden, the national security adviser and Secretary of State have been talking about derisking,” Mr Dimon said.JPMorgan has, in recent years, boosted its China presence with newly acquired licences or increased stakes spanning securities, funds and futures.

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