Javier E. David
September 23, 2012
The emerging debate over the health of China’s economy demonstrates how the world’s second largest economy is actually more competitive than the U.S., well-known hedge fund manager Ray Dalio told CNBC Friday.
[...] Dalio suggested that Beijing’s efforts to sustain economic growth above 7 percent contrasted sharply with the U.S.’s seeming acceptance of relatively stagnant growth.
“The fact that [China] can have 6 percent growth and think that’s depressing, and we can have 2% growth and think that’s pretty good, is a reflection of the difference in our competitiveness,” the legendary investor said.