New Delhi, June 1 -- JPMorgan Chase CEO Jamie Dimon raised alarms regarding the US-China relationship, identifying Beijing as a "potential adversary."

"China is a potential adversary. They're doing a lot of things well. They have a lot of problems," Dimon said at the Reagan National Economic Forum in Simi Valley, California.

He stressed the importance of the US addressing its own internal problems and maintaining its values.

"What I'm really worried about is us. Can we get our own act together? Our own values, our own capabilities, our own management," Dimon said.

The JPMorgan Chase CEO noted that China does not fear the US and is unlikely to yield to American pressure. He also encouraged US leaders to engage with China.

"I just got ...