The US-China relationship will undoubtedly be the most important bilateral relationship impacting the world over the next decade. In this three-part series, Ray Dalio, Kevin Rudd, and David McCormick put the US-China relationship in context. They explain how it has developed, what the major points of competition are, and how the evolution of this relationship may impact investors.
Ray Dalio is Bridgewater’s founder and co-CIO. He has been researching and traveling to China for over 30 years, serving as an important advisor to policy makers and business leaders both in the country and around the world. Kevin Rudd served as Australia’s 26th prime minister from 2007 to 2009. He was the foreign minister from 2010 to 2012. Kevin speaks Mandarin fluently, has been a visiting professor at Tsinghua University, and serves as the current president of the Asia Society Policy Institute. David McCormick is Bridgewater’s CEO and previously served as Under Secretary for the United States Treasury for International Affairs from 2007 to 2009, during which time he took part in the US-China Strategic and Economic Dialogue. Prior to that, David held senior roles on the National Security Council and at the Department of Commerce in the George W. Bush administration.
Part 1 — We explore the arc of the US-China relationship, address the current state of US-China tensions, and consider how the balance of power between the two countries may change with time:
Part 2 — We explore how economic competition may develop shift in the coming decade, with a focus on trade, technological development, and capital markets:
Part 3 — We look at the implications of US-China tensions for the US dollar and for investors: