Ray Dalio's Bridgewater, which runs $160 billion in assets and is the biggest hedge fund in the world, said in a new report on market conditions that a group of Asian countries, led by China, are set to grow much faster than the US and Europe. The report projects that the "Asia bloc" of seven countries, led by China, will own a majority of the global stock market by 2035. The report also states that the group of countries will become "increasingly inwardly focused and independent" as tensions with the US increase. Visit Business Insider's homepage for more stories.