China’s Opening-Up Policy: A Look at the Potential Upside for US Firms
China’s commitment to opening up its financial-services sector has been consistent, providing potential opportunities for US firms looking to enter the world’s second-largest economy. However, according to Jamie Dimon, CEO of JPMorgan Chase, calculating the potential upside has become more complicated. In an interview at the World Economic Forum in Davos, Dimon expressed concern about the changing risk-reward dynamics. Investors considering a move into China must now tread cautiously.
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