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March 28, 2024, 2:48 p.m.
5 major challenges that have China headed for a '100-year storm,' according to billionaire investor Ray Dalio
5 major challenges that have China headed for a '100-year storm,' according to billionaire investor Ray Dalio
['Dalio', 'China', 'country', 'US', 'include']

They include a big debt problem, a growing internal wealth gap, and increasingly fraught foreign relations with the US.

5 major challenges that have China headed for a '100-year storm,' according to billionaire investor Ray Dalio

The billionaire investor Ray Dalio says five major trends have China headed for a "100-year storm." There are major economic and geopolitical challenges brewing a "100-year storm" in China, says the billionaire investor Ray Dalio. In a LinkedIn post on Wednesday, Dalio listed five major forces casting a shadow on Beijing, detailing headwinds he says have been building up over the past four decades. Then there's a growing internal wealth gap that has spurred the government to push for more "Common prosperity," Dalio said. Businesses have been caught in the crossfire too, trying to appease the US. "In trade and capital flows, a cat-and-mouse game has developed that has led companies and people to move to neutral countries and to try to appear to be non-Chinese or not Chinese sympathizers, so much so that the Chinese are having problems getting other countries and companies to accept them being there and/or investing in them," Dalio wrote. China is also dealing with a technological war with the US, Dalio wrote. "The circumstances and the mood in China have indisputably changed to become more threatening," Dalio said.

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