JPMorgan says China can't be ignored: 'you have to do business there'

Sjoerd Leenart, Asia-Pacific CEO at JPMorgan, said that in spite of all the rhetoric, a lot of international companies are still investing in China.

[@basque888]

Interviewer sounds downright stupid. If a country with 5% GDP growth and low inflation is "uninvestible", then the UK and EU with near zero growth and high inflation is what?

[@stvdmc2011]

Anglo are exceptional...

[@erwin734]

Hahaha

[@ssrae-2229]

they are paid to say what THEY want you to hear ::

[@keefooyuen1487]

China uninvestable? Haha what an idiotic sayings

[@peterchindove7146]

Don't tell him. He will wake up in 20yrs stLt wondering how China did it...again.

[@windsong3wong828]

China GDP based on ppp had already greatly exceeded USA.
Paying USD80 for a doctor in USA visit VS USD5 for one in China skewed the numbers.
Sales of cars , computers, etc are much higher in China than USA.
No big worldwide companies can ignore China.
Look at Boeing vs Airbus.
Airbus is thriving…..Boeing is spiraling down.

[@johnmcentegart007]

London is In Uncle Sam’s back pocket

[@kckoay6211]

The measure of an economy is a nation’s ability to produce goods and services. Today, with China’s huge, well educated, and industrious populace; and inarguably the most extensive modern infrastructure in place, the economic momentum is unmatched elsewhere on the planet.
“China collapse” or “China has peaked” are just evil wish driven a convoluted feeling of fear and jealousy. But sorry, that is not going to happen!

[@SK-lt1so]

Per capita GDP

[@kckoay6211]

@@SK-lt1so
Dude, Belarus is a country of 9.2 million people, with per capita GDP of $7,500 (PPP$24,000). China is a country of 1.41 billion people with per capita income of $13,100 (PPP$25,000).

[@theintelligentcompounder]

China is #1!!!

[@theintelligentcompounder]

China is the best country in the world!

[@eddylee3826]

China policy! Let's engage in business together without any political constraints, ensuring mutual benefits for both sides. A win-win situation!
In America, let's start by abiding by our regulations only, while also being open to adjusting them swiftly when needed. Your nation is expected to follow our guidelines, stand with us in war of conflicts, as no other country should surpass the profitability of the American government. Any violation of our regulations will lead to sanctions and the confiscation of your financial assets, which will then be redirected to benefit the American elite.
China brings mutual benefits to both parties.
For America, it's a victory for us, and a loss for you.

[@theintelligentcompounder]

I sold out of the US and am now fully invested in China.

[@tomsunwifi2767]

US still has the most institutionalized funds so cannot ignore US. just avoid the tech companies which will likely be made irrelevant in 5 years

[@tomsunwifi2767]

46% savings rate. interviewer clearly ill informed

[@theintelligentcompounder]

@@tomsunwifi2767 agreed. But Ive divested towards China (BABA, TCEHY, JD, BIDU) and am slowly rebuilding a position into the US through a total world index and total world value index.

[@theintelligentcompounder]

China is, or will be, the eastern equivalent of the US, or superior.

[@theintelligentcompounder]

@@tomsunwifi2767 I would argue cannot ignore China. Investing in China requires a studious understanding of the country. There’s nothing special about the US right now. Lots of debt, risk of political instability, fairy valued (outside big tech). US is important, but Home bias risk cannot be ignored.

[@jimkuan8493]

People ask why India is the graveyard of foreign investment? The root cause is that India's federal government has not much control over the local governments. And the local governments are mostly controlled and funded by the local enterprises and families. They are the real lords of the land. So when a foreign company is lured into India by the prospect of India and the promises of the Indian federal government, they have no idea that they are walking into local snake pits. NOTHING is going to work. No workers, no water, no electricity, no supply. Constant conflict between management and worker representatives. And the local governments will keep harassing them, on the behave of the local enterprises.
Eventually, these foreign companies will give up and sell their assets cheap to the local enterprises. It is repeated all the time. There are enough STUPID companies executives who fall for the Indian Honey Trap. There are two reasons, one is of course stupid. The other is that these executives do not care about the result of such investment. They just want to come up with the "promising Indian market and investment" plan, get good bonus and payout, and leave the companies with a golden parachute. And the investors of these companies will lose big 5 years or 10 years later.

[@josephloh1506]

The interviewer is asking leading questions, and clearly not knowledgeable about global economics

[@fundingsecured7072]

Guy needs a hair cut

[@SK-lt1so]

Per capita GDP

[@DW-op7ly]

You do know GDP means nothing right?
The USA GDP is a vaunted 29 trillion
But they still have to borrow 1 trillion every 100 days
China is averaging over a 820 billion dollar trade surplus with the world every year
Mexico is averaging a 100 billion dollar trade deficit with China every year

[@user-ug3rz4cu4s]

Fchina

[@honyeechoong9351]

You gotta F your own kind for wanting to do business in China. If you can't, pity yourself for being helpless

[@outerspace8158]

Fyt

[@jacksmith-mu3ee]

Why