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U.S. vs. China: Internal order will decide victor, Ray Dalio says

Hedge fund Bridgewater founder sees Beijing checking off the right boxes

The Bund promenade in Shanghai: Rapid improvement in education, productivity and trade help underpin China's position as an ascendant power, Dalio says.   © Reuters

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.

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