China provides 'source of strength to global economy'

JPMorgan sees China as one of the bright spots for the expansion of its global business, said Mike Cavanagh, co-chief executive officer of JPMorgan's Corporate and Investment Bank.

The company plans to continually invest in its businesses in China.

"This is one of the most exciting markets in the word," 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."