Photo: Xinhua

Less than 24 hours after JP Morgan Chase & Co's Chief Executive Officer Jamie Dimon said his bank is likely to "outlast" the Communist Party of China (CPC), he expressed his regret for making the comment. "I regret and should not have made that comment… I was trying to emphasize the strength and longevity of our company," Dimon said.

For these foreign enterprises that want to operate in China, they need to take some lectures on the Party to understand the country better. The Chinese market is closely related to the success of US companies, and the CPC is the backbone of China's success. Don't they see the link between the two?

"As a matter of fact, they still don't understand China. What they only see is the benefits they have gained from China. They know nothing about China's politics, in particular the fact that CPC's leadership is the guarantee of China's success. They should take political classes to learn more about China," Zhang Tengjun, a deputy director of the Department for Asia-Pacific Studies at the China Institute of International Studies, told the Global Times.

No matter why Dimon said those inappropriate words, they sound very offensive to Chinese people. It shows that his inner arrogance and prejudice toward China. It is believed that in the US, Dimon would be careful enough not to make any politically offensive statements. Whether Dimon deliberately said those words or not, he would soon realize that he and JP Morgan could quickly become embroiled in an unnecessary political storm. 

Moreover, some US media have been adding fuel to the fire. For example, Bloomberg not only published a lengthy report on Dimon's "joke," and even hyped it during the Chinese Foreign Ministry's regular press conference on Wednesday. 

This being the case, Dimon could only express his "regret" and cool down the situation himself as soon as possible. Otherwise, people may link his words with the anti-China public opinion in the international community. In August, China approved JP Morgan's application to operate the first fully foreign-owned securities business in China. Dimon may be worried that JP Morgan will be pushed to the so-called anti-CPC frontline by these media outlets. Therefore, he quickly reflected on his comments, and tried to minimize the harm.

"Obviously, Bloomberg was trying to sow discord and drive a wedge between China and these foreign companies. It was attempting to shape an atmosphere as if enterprises with important businesses in China are drifting away from the country in some way," Zhang said. He believed the media outlet was misleading the public opinion with an attempt to smear the CPC.

A Chinese saying goes, after one finishes eating meat in the bowl, he/she starts cursing people who give them the food. We believe a CEO and billionaire businessman should have understood this. He might have forgotten it for a while and then quickly remembered it again. If US media such as Bloomberg continues to rely on such eye-catching reports, then they are only destroying their own image.

Some Western people are always worried that China's rise will affect their interests. Therefore, they like to hype China-related issues from time to time. But the reality will always disappoint them. We can only wish them good health and see a stronger China in the future.

The author is a reporter with the Global Times. opinion@globaltimes.com.cn

Photo: Xinhua

Less than 24 hours after JP Morgan Chase & Co's Chief Executive Officer Jamie Dimon said his bank is likely to "outlast" the Communist Party of China (CPC), he expressed his regret for making the comment. "I regret and should not have made that comment… I was trying to emphasize the strength and longevity of our company," Dimon said.

For these foreign enterprises that want to operate in China, they need to take some lectures on the Party to understand the country better. The Chinese market is closely related to the success of US companies, and the CPC is the backbone of China's success. Don't they see the link between the two?

"As a matter of fact, they still don't understand China. What they only see is the benefits they have gained from China. They know nothing about China's politics, in particular the fact that CPC's leadership is the guarantee of China's success. They should take political classes to learn more about China," Zhang Tengjun, a deputy director of the Department for Asia-Pacific Studies at the China Institute of International Studies, told the Global Times.

No matter why Dimon said those inappropriate words, they sound very offensive to Chinese people. It shows that his inner arrogance and prejudice toward China. It is believed that in the US, Dimon would be careful enough not to make any politically offensive statements. Whether Dimon deliberately said those words or not, he would soon realize that he and JP Morgan could quickly become embroiled in an unnecessary political storm. 

Moreover, some US media have been adding fuel to the fire. For example, Bloomberg not only published a lengthy report on Dimon's "joke," and even hyped it during the Chinese Foreign Ministry's regular press conference on Wednesday. 

This being the case, Dimon could only express his "regret" and cool down the situation himself as soon as possible. Otherwise, people may link his words with the anti-China public opinion in the international community. In August, China approved JP Morgan's application to operate the first fully foreign-owned securities business in China. Dimon may be worried that JP Morgan will be pushed to the so-called anti-CPC frontline by these media outlets. Therefore, he quickly reflected on his comments, and tried to minimize the harm.

"Obviously, Bloomberg was trying to sow discord and drive a wedge between China and these foreign companies. It was attempting to shape an atmosphere as if enterprises with important businesses in China are drifting away from the country in some way," Zhang said. He believed the media outlet was misleading the public opinion with an attempt to smear the CPC.

A Chinese saying goes, after one finishes eating meat in the bowl, he/she starts cursing people who give them the food. We believe a CEO and billionaire businessman should have understood this. He might have forgotten it for a while and then quickly remembered it again. If US media such as Bloomberg continues to rely on such eye-catching reports, then they are only destroying their own image.

Some Western people are always worried that China's rise will affect their interests. Therefore, they like to hype China-related issues from time to time. But the reality will always disappoint them. We can only wish them good health and see a stronger China in the future.

The author is a reporter with the Global Times. opinion@globaltimes.com.cn