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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
Bloomberg business news
'Time Is on China's Side,' in Struggle With U.S., Dalio Says

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.”