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According to Mike Cavanagh, co-chief executive officer of JPMorgan's Corporate and Investment Bank, China is poised to serve as one of the bright spots for the expansion of its global business. As a result, the company plans to continually invest in China.
"This is one of the most exciting markets in the world," Cavanagh said. "We have our own locally incorporated bank with seven branches across China and a number of joint ventures in asset management, securities, underwriting and futures and options. We promise to continue investing and the momentum is really strong."
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China provides 'source of strength to global economy'
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