Experts caution that abrupt political changes remain the greatest threat to foreign bank operations in China.
The JPMorgan Beijing office sign in Beijing on Dec. 13, 2010. Jason Lee/Reuters
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JPMorgan Chase and Goldman Sachs plan to stay in China despite worsening U.S.-China relations, with both banks adjusting their business focus.
One analyst has said that this marks Wall Street’s entry into the stage of “de-risking without decoupling.”
Alex Wu is a U.S.-based writer for The Epoch Times focusing on Chinese society, Chinese culture, human rights, and international relations.
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