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Why Ray Dalio is wrong about China

Rewards for investors will fade, not increase, over time

| China
Bridgewater Associates co-chairman Ray Dalio, pictured in Beijing in March 2019: given that hedge funds tend to have short-term horizons, Dalio may well profit.    © AP

Andrew Hunt is CEO of Hunt Economics and former advisor to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.

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