Billionaire Ray Dalio Warns of U.S.-China Capital War Amid `Lose-Lose' Spat

Nov.15 -- Bridgewater Associates founder Ray Dalio warned that relations between the U.S. and China could worsen. "There is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital war," Dalio said at the annual gala of the National Committee on U.S.-China Relations in New York on Thursday. "How that is approached is going to determine our futures,” said Dalio. “I hope that it is done with mutual understanding instead of wars -- a win-win relationship rather than a lose-lose relationship."