Dimon Defies Rising Tensions, Deal Drought With Return to China

When Jamie Dimon takes center stage at JPMorgan Chase & Co.’s China summit Wednesday, he’ll be confronting a business landscape that looks vastly different from his visit four years ago.

Back in 2019, the last time the flagship event was held in person, the US bank and its Wall Street peers were gearing up to cash in on China’s long-awaited opening of its $60 trillion financial sector.

This year, the conference is being held against the backdrop of a US-China relationship that’s at its worst in decades. A sluggish Chinese economy and Beijing’s increased crackdowns on foreign businesses is ...