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

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

China is too big to be sidelined, and investors “have to do business there,” said JPMorgan’s Asia Pacific CEO, Sjoerd Leenart.

China is too big to be sidelined, and investors"have to do business there," JPMorgan Asia Pacific CEO Sjoerd Leenart said.China is too big to be sidelined, and investors"have to do business there," JPMorgan Asia Pacific CEO Sjoerd Leenart said Thursday, adding that the country had emerged as the second world power.

Given how extensively China is linked with the region, Leenart emphasized that there needs to be"good activity" in China in order to have a buoyant investment banking business.embattled property sector.. GDP in the January to March period grew 5.3% from a year earlier — faster than the 5.2% expansion in the fourth quarter of 2023 and 4.6% expected by economists polled by Reuters.

Leenart added foreign direct investment into the country fell last year, but it has to be seen in the context that FDI has been growing for the last 50 years:"Every market will take its pause.""I think that have a lot to sell to the world, and that product will be needed all over the world," said Leenart, adding that he sees a lot of opportunity in China.

"We've been here for 103 years. So we we've taken a long term view on China, and we'll be here for 100 more years to come," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines