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Is CHINA becoming the next global FINANCIAL HUB? - VisualPolitik EN
Posted
February 12, 2021
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In a past video here on VisualPolitik, we told you how the administration of now ex-president of the United States of America, Donald Trump, was making huge efforts to limit the weight and integration of China into world finance. Or at least to curb its growing ties to North American markets.
However, despite the insistent messages of possible decoupling and all the attempts of the previous US administration, if there is one thing that 2020 has shown us, it is that the integration of the Asian giant into the world's financial markets is advancing at full speed.
Ray Dalio, founder and chairman of Bridgewater Associates, the world's largest Hedge Fund, has recently predicted that the mainland Chinese markets will be tough rivals for New York and London in the race for the top spot among the world's financial centers.
Now, what is the truth in all this? What weight does China really have in world finance? In this video we tell you.
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