JPMorgan's Dimon Says He's Patient on Chinese Reforms

The video discusses the patience required in trade negotiations with China, emphasizing the need for reforms in the foreign exchange market. It highlights the challenges of currency convertibility and the necessity of capital controls until full convertibility is achieved. The discussion also covers China's progress in market development, including the creation of bond and stock exchange connections, and the importance of gradual reforms to achieve full market reform.

Discuss the challenges mentioned regarding the convertibility of the RMB.

What is the speaker's view on the timeline for achieving full market reform in China?