Billionaire Investor Ray Dalio Urges Xi Jinping’s China To Implement This To Prevent Debt Crisis: ‘They Have The Willingness To Do That’ – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)
Ray Dalio, the founder of Bridgewater Associates, has called on Xi Jinping‘s China to adopt a “beautiful deleveraging” strategy. This comes in the wake of China’s recent stimulus measures, which Dalio believes should be complemented with this strategy to avert a potential debt crisis. What Happened: Dalio, while speaking at the FutureChina Global Forum in…