Sunday, January 10, 2021

China will vie to become world financial centre, says Ray Dalio

 Bridgewater founder calls 2020 a ‘defining year’ for country’s financial markets

“When you see the transition from one empire to another, from the Dutch to the British to the American, to me it just looks like that all over again,” he added in an interview with the FT in mid-December,.. 

Foreign investment has been lured into China by a combination of its recovery from the pandemic — which means its economy will have grown about 1.9 per cent last year, according to the IMF, even as developed peers suffered their biggest recessions in generations — and moves to include its stocks and bonds in several influential financial indices.


1 comment:

Matt Franko said...