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China will vie to become world financial centre, says Ray Dalio
9 Jan, 2021 08:45 PM
3 minutes to read
Bridgewater Associates billionaire founder Ray Dalio. Photo / Getty
Financial Times
By: Robin Wigglesworth China will emerge as a rival to New York and London as the world s financial centre, according to Bridgewater founder Ray Dalio, who is betting heavily on what would be an epochal shift in the global economy.
2020 was a defining year for Chinese financial markets, the co-chief investment officer of the world s biggest hedge fund told the Financial Times last month, with the coronavirus crisis starkly highlighting the country s economic outperformance and spurring Rmb1tn of investment inflows.
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