Jamie Dimon has praised China for becoming "more consistent" in its international relations, reflecting a growing reassessment of the world's second-largest economy by US business leaders. The JPMorgan CEO made these comments during a financial conference in Shanghai, noting China's stability amid global upheaval and as traditional US allies visit Beijing to sign trade agreements.

Dimon also defended the US as "still a safe haven" despite recent turmoil, while predicting bond yields could rise significantly due to higher deficits and AI spending. He highlighted China's innovation in sectors like electric vehicles and renewable energy, where global investors are taking renewed interest following the bank's $1.5tn "security and resilience initiative."

The banking chief addressed AI's job impact, saying it "will reduce some jobs" but create others. He criticized New York City's mayor for policies driving away taxpaying businesses. Dimon's comments come amid broader market shifts as companies balance national security concerns with global economic opportunities.