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China will vie to become world financial centre, says Ray Dalio

Summary:
Bridgewater founder calls 2020 a ‘defining year’ for country’s financial markets“When you see the transition from one empire to another, from the Dutch to the British to the American, to me it just looks like that all over again,” he added in an interview with the FT in mid-December,.. Foreign investment has been lured into China by a combination of its recovery from the pandemic — which means its economy will have grown about 1.9 per cent last year, according to the IMF, even as developed peers suffered their biggest recessions in generations — and moves to include its stocks and bonds in several influential financial indices.FTChina will vie to become world financial centre, says Ray Dalio

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 Bridgewater founder calls 2020 a ‘defining year’ for country’s financial markets


“When you see the transition from one empire to another, from the Dutch to the British to the American, to me it just looks like that all over again,” he added in an interview with the FT in mid-December,.. 

Foreign investment has been lured into China by a combination of its recovery from the pandemic — which means its economy will have grown about 1.9 per cent last year, according to the IMF, even as developed peers suffered their biggest recessions in generations — and moves to include its stocks and bonds in several influential financial indices.

FT


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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