China is beating the US in the trade war as the yuan makes international gains, Bridgewater's Ray Dalio says

• Ray Dalio said China is winning the trade war with the US as the yuan makes gains internationally. 
• The Bridgewater Associates co-chief investment officer also warned the US is on the "brink" of conflict with China. 
• But Dalio added that the biggest threat to the US remains domestic. 

China is pulling ahead in the trade war with the US, according to Bridgewater Associates co-chief investment officer Ray Dalio. 

In a Dubai conference on Wednesday, Dalio said China's yuan is being used more widely in global trade and that players who can tap both the US and Chinese markets will emerge victorious in the trade war.