4 ms·
If you're interested in this question I think the recent articles by Ray Dalio might be exactly what you are looking for. He founded and ran the world's larges
by throwaway34241 6y ago
If you're interested in this question I think the recent articles by Ray Dalio might be exactly what you are looking for.
He founded and ran the world's largest hedge fund and in addition to studying the issue has had personal interaction with high level Chinese leaders going back decades, so he seems pretty well informed about both the macroeconomics in general and China specifically.
In addition the very question you're talking about seems to be currently his main point of interest and he's been writing a series of free articles about it on linked in ([1][2] and others).
The articles go very in depth and I can't do justice to them here. But I got the impression that he expects some of these things:
- China to surpass the US as the #1 economy. Beyond that, eventually become a developed country, so probably wildly surpass the US economy considering the population is 4x as large.
- Them to continuously increase in relative technological and military power relative to the US.
- For them to possibly supplant the US dollar as the world reserve currency, which could have implications on the value of the US dollar
- Not for them to give up their hierarchical government
[1] https://www.linkedin.com/pulse/chapter-6-big-cycle-china-its-currency-ray-dalio https://www.linkedin.com/pulse/chapter-6-big-cycle-china-its...
[2] https://www.linkedin.com/pulse/chapter-7-us-china-relations-wars-ray-dalio https://www.linkedin.com/pulse/chapter-7-us-china-relations-...