CNBC: It's 'Dumb' for CEOs to Mock Chinese Communist Party: 'Asking for Trouble'
'...you just don't make fun of the communist party,' anchor warns
One of CNBC's top anchors has declared on-air that it is "dumb" for American company CEOs to mock the Chinese Communist Party (CCP), warning that it is "just asking for trouble."
Host Melissa Lee made the remarks during her CNBC show "Fast Money" on Wednesday.
Dimon was forced to walk back a joke he made about China's communist regime.
"The Communist Party is celebrating its 100th year," said Dimon at a speaking event in Boston, Massachusetts.
"So is JPMorgan," he continued.
"And I'll make a bet we last longer!" Dimon quipped.
"I can't say that in China," he joked.
"They probably are listening anyway."
Dimon walked back the comments and apologized to China's leaders.
The incident prompted CNBC's Lee to scold him for mocking the communist leadership when his company had so much financial advantage at stake in the communist country.
"I feel like for business people, particularly CEOs, there are three things that you never want to talk about, right?" said Lee.
"I mean, politics, religion, and China."
"I mean you just don't make fun of the communist party, that just strikes me as kinda dumb, you're just asking for trouble," she added.
Lee's guests didn't disagree with her assessment, however.
They reiterated that it was foolish to mock the communist government of China when companies are seeking trade and markets in the massive nation.
Critics of the communist Chinese government have argued that opening up business opportunities in China has allowed an antagonistic regime to use its financial power to take advantage of American companies.
Some have stood up to the communist regime despite the risk of losing massive financial gain.
Among the more laudable efforts are those of the World Tennis Association, which has demanded China answer for the disappearance of professional tennis player Peng Shuai.
Peng had accused a former Chinese official of sexual assault before she mysteriously vanished.
"We're definitely willing to pull our business and deal with all the complications that come with it," said World Tennis Association president Steve Simon.
"Because this is certainly, this is bigger than the business," he concluded.
"Women need to be respected and not censored."
Others, like NBA basketball star Lebron James, have been publicly lambasted for appeasing China while calling on Americans to join anti-racism political movements at home.