43 days ago • Posted by William Ramstein

China will become next financial hub according to Ray Dalio

Much like the transition from the Dutch to the British to the American empires, the next in line according to Dalio is China. Chinese government bonds offer higher yields than developed countries' debt. The IMF stated China's GDP growth rate at 1.9% in 2020 while other developed nations trailed behind thus giving China more reasons for asset re-allocation. See the CSI 300 index price surge. Source: FT