Billionaire investor Ray Dalio has called the US-China relationship the single most critical factor for global well-being, as the war on Iran shakes the world order and the superpowers' leaders prepare to meet next month. He warned at an OceanX event in Shanghai that strong ties between Beijing and Washington could unlock immense progress for humanity, while bad relations could cause catastrophic damage.
Billionaire investor and philanthropist Ray Dalio spoke at an event for his non-profit ocean exploration initiative OceanX in Shanghai on Wednesday. He described the US-China relationship as the single most critical factor for global well-being amid turmoil in the Middle East.
"We are at a juncture in which we have to deal with the changing world order," said Dalio, founder of Bridgewater Associates. He urged global elites to "rise above ourselves and realise that there are win-win relationships that are better than lose-lose relationships".
Noting the absence of an effective "court" to resolve international disputes, Dalio stated there is "nothing more important to the world’s health than the Chinese-American relationship." "If there’s wonderful Chinese-American relations, think about the things that they can do together for humanity to make things better, and if there’s bad relationships, think about the damage that can do," he added.
The comments come as leaders of the two superpowers prepare to meet next month.
