The hedge fund was founded by Ray Dalio.
The web summit was hosted by Eoin Noonan.
The billionaire investor said that China was winning the economic competition against the US, doubling down on his stance on the country.
"Yes, it's winning, China is beating the US," he said.
The Western world's growth rate at a fast level is twice that of theirs at a slow level.
The Chinese economy would overtake the US in size, as predicted by the hedge fund titan.
He said that China is four times the size of the United States. The economy as a whole would be twice the size if its per capita income was half the size.
That's the character of the environment where it's winning and it has a lot more likelihood of being larger and stronger.
The biggest hedge fund in the world is owned by the man who founded it. His net worth is $20 billion.
Critics accuse the famous investor of ignoring the human rights issues in China, a country in which he has significant financial interests. According to the Wall Street Journal, the third China fund has raised over a billion dollars.
The man who likened Beijing to strict parents was in the news last month after Andrew Ross Sorkin asked about the country's human rights record.
Romney said that the "feigned knowledge of China's abuses and rationalization of complicit investments" is a sad moral lapse.
He said he took China's human rights record into account when investing there.
There's a 30% chance the US will break out into civil war in the next 10 years, according to Ray Dalio.
China's economy has grown 10% a year on average since the late 1970s, when Beijing carried out major reforms that lifted more than 800 million people out of poverty, according to the World Bank.
The US's gross domestic product in dollar terms is more than double that of China's.
There are clouds on the horizon, with Evergrande on the edge of default and a falling working-age population.
The collapse of Evergrande is being dealt with in a healthy way, and it will be good for the Chinese economy, according to the man.
Business Insider has an original article.
