Billionaire Ray Dalio warns of US-China war and offers advice for avoiding conflict.
Billionaire investor Ray Dalio warned that the US and China are on the brink of war, with both sides beyond the ability to talk. He fears that conflict will escalate over several immediate flashpoints, including quarrels over Taiwan, confrontations between American and Chinese aircraft and ships, the war in Ukraine, and threats of economic sanctions. Dalio also predicted that the 2024 US election will worsen tensions, as politicians seeking reelection will likely try to keep pushing limits with Beijing to appeal to anti-China sentiment from voters. He recommended several steps to de-escalate tensions, including having Biden host Xi in San Francisco at the November APEC meeting and sending key US policymakers and congressional leaders to visit China.