Dimon: U.S. Slept As China Rose, But America Still Has Strengths If We Execute Long-Term Strategy

Jamie Dimon says America has underestimated and "slept" while China grew into an economic powerhouse over the past 20 years.

Dimon identifies 3 ways the US has become overly dependent on China companies' reliance on China supply chains, dependence on China for materials critical to national security, and risk of ceding leadership in key industries like AI and EVs.

However, Dimon says the US still has significant strengths including food, resources, peaceful neighbors and a prosperous free market economy.

Dimon calls for strong yet respectful engagement with China given its economic importance globally.

His strategy is not to "cry over spilled milk" but for America to execute its own long-term economic security strategy.