From Fortune:

In a CNBC interview from the World Economic Forum in Davos, JPMorgan Chase CEO Jamie Dimon says investors looking to enter China have to be cautious due to significant changes in risk-reward calculations. He stresses the need to be open for business but flags concerns about geopolitical tensions and inflation not going away as quickly as expected.

On a positive note, Dimon met with Chinese Premier Li Qiang at the conference and praised their efforts at openness to foreign companies. He further discussed a meeting with Ukrainian President Volodymyr Zelenskiy and emphasized the need to support freedom and democracy in the world.

Despite JPMorgan’s record-breaking annual profit in 2023, Dimon warns of over-earning and skepticism about the US economy. He also cautions about the potential long-term impacts of fiscal and monetary stimulation and the need for caution despite positive stock markets. Subscribe to the CFO Daily newsletter for more updates on corporate finance.



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