Dalio Says ‘Time Is on China’s Side’ in Power Struggle With U.S.
- Bridgewater founder speaks with NYT’s Friedman at Milken event
- He says China’s economy recovering faster from pandemic shock
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Bridgewater Associates founder Ray Dalio said China has an advantage over the U.S. on a range of issues.
“Time is on China’s side and it’s not on the United States’ side, for various developments,” Dalio said Monday in a conversation with New York Times columnist Thomas Friedman at the Milken Institute Global Conference. “What’s going to be a difficult situation in the new administration is destiny is on the side of China growing, and doing better probably.”