China’s financial sector, yuan’s reserve status catching up with US, says Ray Dalio

China’s financial sector, yuan’s reserve status catching up with US, says Ray Dalio

Bridgewater Associates co-chairman Ray Dalio. Photo by Emily Hey. Nikkei Asian Review.

While China’s financial sector and the yuan’s reserve status are still lagging behind the U.S., this is changing rapidly, said Ray Dalio, founder and co-chairman of global hedge fund giant Bridgewater Associates LP.