Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’

Ray Dalio has spent 42 years visiting China, building relationships with senior officials and studying its political history back to 221 BCE. But after a recent 10-day trip to Beijing — part of a month-long tour of Asia — the Bridgewater Associates founder says something has changed, and changed fast. "Over the past few months...