Home Hedge Funds UPDATE 1-Dalio says China-U.S. relations are ‘on the brink of red lines’

UPDATE 1-Dalio says China-U.S. relations are ‘on the brink of red lines’


(Adds Dalio quotes in paragraph 3; changes media label, previously US FUNDS-BRIDGEWATER/)

By Carolina Mandl

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 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.”

A big enthusiast and investor in China, Dalio has helped Bridgewater build a relevant hedge fund in the world’s second biggest economy. Its Chinese funds delivered strong returns this year buoyed by a rally in the mainland bond market even amid tough macroeconomic conditions. (Reporting by Carolina Mandl in Greenwich, Connecticut; Editing by William Maclean)

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