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US-China tensions

China lacks clear path to global dominance: JPMorgan's Dimon

Wall Street CEO talks of great power competition with US in annual letter

JPMorgan Chase CEO Jamie Dimon dissected China's strengths and weaknesses in his annual letter to shareholders published Wednesday.    © Reuters

NEW YORK -- A handover of global leadership to China is not inevitable, if only the U.S. confronts its own failures head-on and starts thinking longer-term, according to a lengthy analysis by JPMorgan Chase CEO Jamie Dimon on the great power competition that looks to define the 21st century. 

In his annual letter to shareholders, published Wednesday, Dimon dissected China's strengths and weaknesses and introspected America's own, characterizing the Sino-American contest to be at a turning point.

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