West has ‘good hand in China economic battlefield but it doesn’t have to be war’

The boss of the world’s biggest bank has told Sky News that Western economies have a “good hand” in the “economic battlefield” with China but declared it does not have to be war. In a wide-ranging interview with Sky’s Wilfred Frost, chief executive and chairman of JPMorgan Chase Jamie Dimon said the West was going to have a “hard time” as long as China had close ties with Russia. But he said it was well placed due to the resilience of their collective economies and long-standing partnerships, such as NATO. Money latest: Rainy day for iconic British brand as profits…