GREENWICH, Connecticut, Oct 3 (Reuters) – Ray Dalio, founder of hedge fund Bridgewater Associates, said on Tuesday that the relationship between China and the United States is “on the brink of red lines,” although he does not see a war on the way.
Speaking at the Greenwich Economic Forum, Dalio said that there are irreconcilable differences between the world’s two biggest economies, citing as examples the independence of Taiwan, the battle for chips and geopolitics.
“U.S.-China relationship relations are in a number of areas on the brink of red lines,” he told the audience of investors, adding that a war is unlikely.
“Neither country wants to go to war. Everybody’s afraid of what that war would be physically and devastating economically and politically.”
“These issues will remain and probably (be) intensified over the next five to 10 years.”
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