Ray Dalio, billionaire and founder of Bridgewater Associates LP, during a Bloomberg Television interview in New York US, on Wednesday, April 3, 2024.
Blue | Bloomberg | Getty ImagesChina must employ a "beautiful deleveraging" in addition to its recent stimulus measures in order to avoid a debt crisis, said Bridgewater Associates founder Ray Dalio at a conference on Friday The billionaire investor defines a "beautiful deleveraging" as a balanced approach to deficits that utilizes debt restructuring along with the printing of money and debt monetization.
"That's the real interesting question of China, in terms of how it's approaching its debt issue," Dalio said, speaking at the FutureChina Global Forum in Singapore.
Since the end of September, Beijing has announced several waves of stimulus and reform measures aimed at boosting its economy.
"I think the changes that are taking place are terrific changes, but you still have to do the debt restructuring," Dalio said.
Persons:
Ray Dalio, Victor J, Dalio, That's
Organizations:
Bridgewater Associates, Bloomberg Television, Blue, Bloomberg, Getty
Locations:
New York, China, Singapore, Beijing