Reported 6 days ago
Billionaire investor Ray Dalio emphasizes that China's recent surge of market stimulus represents a pivotal moment for the country, akin to Mario Draghi's 'whatever it takes' approach during the European debt crisis. He argues that for this stimulus to be effective, Chinese policymakers must go beyond their current commitments to address the challenges posed by a housing bubble and rising local government debt. According to Dalio, actions taken in the coming weeks could define China's economic future, either steering it toward recovery or deeper malaise.
Source: YAHOO