November 30, 2022

Jamie Dimon Apologizes for Saying JPM Will Outlast China Communists

Jamie Dimon Apologizes for Saying JPM Will Outlast China Communists

Jamie Dimon Apologizes for Saying JPM Will Outlast China Communists

By Dan Weil
November 24th 2021

On Tuesday, during a speech at the Boston College Chief Executives Club, he cited JPM’s activity in China.

“We hope to be there for a long time,” Dimon said. “The Communist Party is celebrating its 100th year. So is JPMorgan. And I’ll make you a bet we last longer.”

The wager apparently is on. Hu Xijin, editor-in-chief of the Communist Party’s Global Times newspaper, responded in a blog: “I bet the Chinese Communist Party will outlast the United States of America.”

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