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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
CNBC
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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