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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)

Summary by Benzinga

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 Singapore on Friday, underscored the importance of a balanced approach to deficits, which h…

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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)

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