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Excerpt from www.businessinsider.com
JPMorgan CEO Jamie Dimon considers full US engagement as the right approach to China, but says obstacles will make it a difficult course to follow, he told Sky News.
Chief among issues is Beijing’s strengthening relationship with Moscow, Dimon told the outlet on Wednesday: “As long as China is kind of on the side of Russia, we’re going to have a hard time.”
In many ways, the two countries have aligned themselves as the up-and-coming alternative to the Western order, and China has become a major counterpoint to the numerous sanctions burdening the Russian economy since its invasion of Ukraine.
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