aaur4man Posted October 28, 2020 Share Posted October 28, 2020 (edited) Biz Analysis 21:39, 26-Oct-2020 Ray Dalio: Don't be blind to China's rise in a changing world CGTN Share Raymond Dalio, co-chairman and co-chief investment officer, Bridgewater Associates, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2019. /VCG People with persistent anti-China bias should clear their minds and not be blind to China's rise in a changing world, Ray Dalio, founder of the largest hedge fund in the world, Bridgewater Associates, wrote in an opinion piece for the Financial Times on Friday. "Prejudice and bias always blind people to opportunity," he argued, before suggesting China skeptics keep their minds clear to see what is actually happening in the country. China's economy grew in 2019 without monetizing debt, Dalio noted, adding that it also produces more than it consumes and achieves a balance of payments surplus. When almost all countries are still struggling against the pandemic, China has achieved some of the world's lowest COVID-19 case rates, the Bridgewater founder wrote, noting that "nearly half the world's initial public offerings will be in China this year, including Ant Financial's $30bn listing, the world's biggest ever. Even Tesla's best-selling Model 3 car may soon be made entirely in China." Dalio opined that many are missing China's extraordinary performance, including its remarkable economic changes over the past four decades, due to a persistent anti-China bias. "Since 1984, (China's) per capita incomes have risen more than 30 times, life expectancy has increased by a decade and poverty rates have fallen nearly to zero," he wrote. He argued Chinese stocks and bonds are undervalued. "China's fundamentals are strong, its assets relatively attractively priced ... These currently account for 3 percent or less of foreign portfolio holdings; a neutral weighting would be closer to 15 percent." In his view, the discrepancy is "at least in part due to anti-Chinese bias" and is going to change. "Chinese markets are opening up to foreigners, who can now access at least 60 percent of them compared with 1 percent in 2015. Benchmark weights in major indices are rising." And Dalio projected that China will "enjoy favorable capital inflows that will support the currency, already at a two-year high, and financial markets too." Meanwhile, he held that the world will inevitably be affected by China-U.S. relations and contended that "time is on China's side." "China's economy is roughly the same size as the U.S.'s and expanding at a faster pace. It has a growing population of well-educated people, with around a third of the world's science and technology university majors, three times the U.S. share," Dalio explained. China rivals the U.S. in advanced technologies, he added, and will probably take the lead in five years. Source Edited October 28, 2020 by aaur4man 1 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted October 30, 2020 Share Posted October 30, 2020 let china survive the stupidity of winnie first then talk. after that, china still have myriad of other problems. 1 Link to comment Share on other sites More sharing options...
aaur4man Posted October 30, 2020 Author Share Posted October 30, 2020 14 minutes ago, socrates469bc said: let china survive the stupidity of winnie first then talk. after that, china still have myriad of other problems. they recovering faster than US wor 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted October 30, 2020 Share Posted October 30, 2020 26 minutes ago, aaur4man said: they recovering faster than US wor if the numbers r correct, the sun rise from the west. 1 1 Link to comment Share on other sites More sharing options...
aaur4man Posted October 30, 2020 Author Share Posted October 30, 2020 5 minutes ago, socrates469bc said: if the numbers r correct, the sun rise from the west. 啊中万岁!!!!! 1 Link to comment Share on other sites More sharing options...
Sofero Posted October 30, 2020 Share Posted October 30, 2020 Even if we assumes the tiong numbers are true, and the $$ is good, people who think they can ride on opportunity by working with prc must be kumgongs. These double speaking farkers are best known for having zero honor and business integrity, they buay song u can just break off contract just like that, cooperation can end up become steal your IP and reverse engineer your technology then secretly sell off to their own affiliated company to produce shanzhai version to sell. And you can do nothing about these shit. Old man Lee thought he can benefit from the suzhou industrial park, end up kenna fark hard hard on the backside, also never see him take out the knuckle duster. The Raymond which investment company one so kumgong better steer far far away. Let them invest your money in china = burn faster than throw inside incinerator. 3 Link to comment Share on other sites More sharing options...
socrates469bc Posted October 30, 2020 Share Posted October 30, 2020 (edited) 23 minutes ago, Sofero said: Even if we assumes the tiong numbers are true, and the $$ is good, people who think they can ride on opportunity by working with prc must be kumgongs. These double speaking farkers are best known for having zero honor and business integrity, they buay song u can just break off contract just like that, cooperation can end up become steal your IP and reverse engineer your technology then secretly sell off to their own affiliated company to produce shanzhai version to sell. And you can do nothing about these shit. Old man Lee thought he can benefit from the suzhou industrial park, end up kenna fark hard hard on the backside, also never see him take out the knuckle duster. The Raymond which investment company one so kumgong better steer far far away. Let them invest your money in china = burn faster than throw inside incinerator. thats why boeing only set up assembly plant in tiongland but its critical component suppliers r still based in the us. they saw how fast the tiongs managed to reverse-engineer the shinkansen technology and catch up after only 5 yrs of tech transfer. Edited October 30, 2020 by socrates469bc 1 Link to comment Share on other sites More sharing options...
aaur4man Posted October 30, 2020 Author Share Posted October 30, 2020 (edited) 1 hour ago, Sofero said: Even if we assumes the tiong numbers are true, and the $$ is good, people who think they can ride on opportunity by working with prc must be kumgongs. These double speaking farkers are best known for having zero honor and business integrity, they buay song u can just break off contract just like that, cooperation can end up become steal your IP and reverse engineer your technology then secretly sell off to their own affiliated company to produce shanzhai version to sell. And you can do nothing about these shit. Old man Lee thought he can benefit from the suzhou industrial park, end up kenna fark hard hard on the backside, also never see him take out the knuckle duster. The Raymond which investment company one so kumgong better steer far far away. Let them invest your money in china = burn faster than throw inside incinerator. my only question is which country doesn't do that apart from US and Germany? Edited October 30, 2020 by aaur4man Link to comment Share on other sites More sharing options...
Sofero Posted November 5, 2020 Share Posted November 5, 2020 Case in point why kumgong to think there's chance to benefit by riding on China economic wave Jack Ma say say nia kenna deep deep from prc china. https://www.bloomberg.com/news/articles/2020-11-04/derailing-of-jack-ma-s-mega-ant-ipo-shows-xi-jinping-s-in-charge 3 Link to comment Share on other sites More sharing options...
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