During an interview with FOX Business Network’s Maria Bartiromo, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon talked about why China is particularly attractive for investing.
“…our view in China is that 20-30 years from now the likely outcome is that they [China]…have a lot of growth to go,” says Dimon.
Overall, Dimon predicts a positive outlook for China that makes it a long-term draw for investors despite concerns about the current economic and market uncertainties in the country.
“…there may be rocky times in the meantime but the big difference is that’s the likely outcome.”
Dimon also addressed how the bank is dealing with the risks from those rocky times while planning for the future.
“We want to manage the turbulence, but also make sure we invest properly.”