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China Appears More Competitive Than US: Dalio
Posted By aaron On September 23, 2012 @ 3:17 pm In Global Crisis | Comments Disabled
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.
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