Jamie Dimon: China Is Not Our Biggest Threat According to a May 30 report by CNN, Jamie Dimon, CEO of JPMorgan Chase, expressed concerns over the current tensions between the United States and China at the Reagan National Economics Forum held in Simi Valley, California. He acknowledged that China is a developing potential rival, but emphasized that the greater risk facing the U.S. does not come from external factors, but rather from internal issues. Dimon pointed out that he is more concerned about whether the U.S. can effectively coordinate actions, uphold its values, leverage its capabilities, and improve governance. He warned that the standoff with China has escalated due to trade disputes, but China will not easily back down. Dimon believes that there are significant problems in the U.S. governance. He called for swift joint action to address challenges in areas such as permit approvals, regulatory systems, immigration policies, tax systems, downtown schools, and healthcare systems. He emphasized that if these issues can be effectively resolved, the U.S. economic growth rate could reach 3%. Dimon cited discussions from the forum to point out that mismanagement is widespread from local to federal levels, including state and city affairs as well as pension systems, posing serious threats to the U.S. He specifically mentioned that according to Congressional Budget Office data, the U.S. government deficit reached approximately $2 trillion in 2024, accounting for 7% of GDP, and this proportion could rise to 10% if the economy enters a recession. Original article: https://www.toutiao.com/article/1833575150264330/ Disclaimer: The article solely represents the author's viewpoint.