NEW YORK -- China's improving government balance sheets, domestic stability, and gains in education and productivity have positioned it as an ascendant power, based on cycles observed throughout history, hedge fund billionaire Ray Dalio told Nikkei.
In contrast, the U.S. has financial problems, internal conflicts and outside challenges that put it at risk of further deterioration without political bipartisanship and investment in broad-based education, Dalio said.
