Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon connected Wednesday called for "real engagement" betwixt policymakers successful Washington and Beijing, arsenic Sino-U.S. relations proceed to fray.

Speaking astatine the JPMorgan Global China Summit successful Shanghai — successful his archetypal sojourn to China since his 2021 apology for joking that JPMorgan would outlast the Chinese Communist Party — Dimon said that information and commercialized disputes betwixt the world's 2 largest economies implicit are "resolvable."

"You're not going to hole these things if you are conscionable sitting crossed the Pacific yelling astatine each other, truthful I'm hoping we person existent engagement," Dimon said, according to Reuters.

He advocated for a "de-risking" of the economical ties betwixt the East and West alternatively than for a full-scale decoupling, arsenic the Wall Street elephantine seeks to boost its beingness successful China.

In November 2021, Dimon expressed "regret" implicit remarks that JPMorgan would outlast China's ruling party, seeking to bounds harm to the bank's maturation ambitions successful the country. The comments that invoked Beijing's ire came soon aft JPMorgan won regulatory support to go the first overseas institution to found afloat ownership of a securities brokerage successful China.

Top U.S. and Chinese commerce officials met past week for "candid and substantive discussions" surrounding bilateral commercialized and commercialized relations, successful the archetypal cabinet-level speech betwixt Washington and Beijing successful months.

National information concerns besides underpin a souring of relations betwixt the 2 superpowers. The U.S. connected Tuesday accused a Chinese combatant jet of engaging successful an "unnecessarily assertive maneuver" portion intercepting a U.S. subject reconnaissance craft successful planetary airspace implicit the South China Sea.