Ray Dalio advises China to combine "beautiful deleveraging" with economic stimulus to prevent a debt crisis.

Ray Dalio, founder of Bridgewater Associates, advises China to adopt a "beautiful deleveraging" strategy alongside its recent economic stimulus to prevent a debt crisis. This approach includes debt restructuring, money printing, and monetization to balance deficits. While Dalio believes China can implement this effectively, he warns of challenges like local debt and an aging population, along with uncertainties in Beijing's economic policies.

October 18, 2024
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