DM Monitoring
LONDON: The anti-China bias “has blinded too many for too long to opportunities” in a changing world, a major British newspaper has reported. “The world order is changing, yet many are missing this because of a persistent anti-China bias,” said the Financial Times in a recent opinion article.
Ray Dalio, the founder, co-chairman and co-chief investment officer of Bridgewater Associates which is a U.S. investment management firm, argued in his article that despite some persistent doubt about the country, China is “succeeding in exceptional ways”.
China has achieved some of the world’s lowest COVID-19 case rates, Dalio said, adding that over the past year, China’s economy grew at almost 5 percent, without monetizing debt.
Just over the past four decades, China’s economic changes have been remarkable, Dalio said.
“China’s extraordinary performance isn’t new…it has historically been one of the world’s most powerful countries and cultures,” he said. As a global macro investor, Dalio said he looks at fundamentals and how others are positioned while thinking about investment opportunities.
Workers check a production line at Lianyungang Economic and Technological Development Area in Lianyungang, east China’s Jiangsu Province, July 16, 2020.
