What does Ray Dalio (Trades, Portfolio) see for China? Can it compete with the United States?
China is richer than the United States on a total net asset basis (not per capita) and its growth rate will certainly be higher than the U.S..
He thinks that a sustainable growth rate for China is likely 3 percent, but that doesn't mean he isn't impressed. He is very impressed with how China has managed their economy and is bullish longer term.
