
To prevent a debt crisis, Ray Dalio claims that China needs stimulus combined with “beautiful deleveraging.”
Recently again, Ray Dalio, of the world’s largest hedge fund Bridgewater Associates, again reiterated the critical necessity for China to do some balanced deleveraging of its swelling debt. He refers to it as “beautiful deleveraging,” where deleveraging will include decreased debt burden and keep the economy stable, or, in his words, “”increased potential prospects of…