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World moving to new order with China on top: Bridgewater's Dalio

Hedge fund chief says US needs to focus on education, work ethic and respect for law

China is set to emerge as the world's central economic power in the pandemic's wake, Dalio says.   © Reuters

NEW YORK -- Billionaire investor Ray Dalio sees the coronavirus pandemic causing a shift in the global order as momentous as that seen during the Great Depression and World War II from which China will emerge as the dominant power once the dust settles 

The co-chairman of Bridgewater Associates, the world's largest hedge fund, told Nikkei in an exclusive interview that he failed to appreciate the ability of natural events like the Spanish flu in 1918 to shatter economic and political systems and sees societies being torn by conflicts over wealth and power in the aftermath of the disruption.

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