Ray Dalio Says China’s Ascent Ushers In Era of ‘Tribute System’

Bridgewater Associates founder Ray Dalio said the US is losing credibility as a global power willing to fight to defend its interests while China accumulates wealth and influence, fundamentally reshaping how the rest of the world views the two nations.

“Right now, that perception is changing,” Dalio said in an interview for Bloomberg Television’s Wall Street Week with David Westin.