Jamie Dimon Apologizes For Said JPMorgan Would Survive The Chinese Communist Party

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JPMorgan Chase Director Jamie Dimon apologized for saying the US bank would take longer than the Chinese Communist Party.

Mr. Dimon joked at an event in Boston, where he answered questions about his company’s relationship with China, security issues in Hong Kong and the country’s tension with Taiwan, Dimon said. Bloomberg.

“I was just in Hong Kong and I joked that the Communist Party is celebrating its 100th year. So is JPMorgan. I bet we’ll last longer,” said Mr. Dimon at the Boston College event.

‘I can’t say that in China. They are probably listening anyway.”

Mr Dimon’s bank has reportedly invested $20 billion in China and has expansion plans in the country, and he reiterated the comment on Wednesday.

“I’m really sorry about my recent comment because it’s never right to joke about or denigrate any group of people, be it a country, its leadership or part of a society and culture,” he said. he in a statement.

“Speaking that way can take away constructive and thoughtful dialogue in society, which is needed now more than ever.”

Zhao Lijian, a spokesman for China’s foreign ministry, downplayed the comments during his press conference Bloomberg.

“Is it really necessary to quote such comments just to get people’s attention?” he said.

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