Ray Dalio, founder of Bridgewater Associates, is again promoting the idea that China should undertake a "beautiful deleveraging."Dia Dipasupil/Getty ImagesRay Dalio is again promoting the idea that China urgently needs to start a "beautiful deleveraging."The country is sitting on massive debt levels, and it's making businesses and people hold on to cash.To get the economy moving, Dalio said Beijing must free up indebted businesses and get them to borrow again.Billionaire investor Ray Dalio thinks China can save its economy through two major debt policies, though that would require big changes to how China has operated for years.However, the Bridgewater Associates founder said that if China does not enact them soon, the country risks suffering as Japan did in its "Lost Decade."In a LinkedIn post on Tuesday, Dalio wrote of what he called a "beautiful deleveraging," or an aggressive, two-pronged approach to solving debt issues.Dalio wrote that Chinese leader Xi Jinping's unprecedented stimulus sparked a "big week" for economic optimism, but it won't be enough.If China wants its big week to go down in the history books as a turning point to success, then Beijing has to "do what it takes, which will require a lot more than what was announced," Dalio said.What's a "beautiful deleveraging?"The concept isn't new for Dalio, whose company runs the biggest foreign hedge fund in China.

NEXT
Topics:  lost decade.    and    dia dipasupil/getty imagesray   linkedin   xi jinping   major   japan   washington   business insider   dalio   bridgewater associates   china   ray   beijing   beautiful   debt   country   deleveraging   businesses   wrote   economy   local   government   crisis   rates   interest   levels   big   years   people   making   difficult   warned   massive   idea   promoting   spending   governments   loans   avoid   borrow   situation   retirement   cash   borrowers   holding   free   require   policy   painful   risks   debts   believes   bad   founder   restructuring   start   move   week   economic   wealth   company   debtors   
BING NEWS:
  • Billionaire investor Ray Dalio has a solution for China, but it'll need Beijing to radically remake its own rules
    Billionaire investor Ray Dalio thinks China can ... that retirement was possible at 50. Yet Dalio emphasized that China is at a crossroads. If Beijing doesn't start a "beautiful deleveraging ...
    10/1/2024 - 8:30 pm | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News

  • Starship launch livestream: SpaceX to test its latest rocket today as Musk, Trump expected to watch from sidelines
    Fast Company, Tuesday - 11/19/2024 - 07:15 PM

    The sixth test flight of Musk’s megarocket is set to lift off from the Starbase facility in Texas this evening. The sixth test launch of SpaceX’s megarocket Starship is now scheduled for Tuesday, November 19, with a 30-minute launch window opening at 4:00 p.m. CT/5:00 p.m. ET. The rocket is set to lift off from the company’s Starbase facility near Brownsville, Texas.

    More | Talk | Read It Later | Share
  • Perplexity adds AI-assisted shopping features
    Fast Company, Tuesday - 11/19/2024 - 07:10 PM

    Perplexity will give users product cards showing relevant items in response to questions related to shopping. Artificial intelligence search startup Perplexity on Monday launched a shopping hub to attract users, in a bid to beef up its platform as it attempts to take on Alphabet-owned Google’s dominance in the search engine space.

    More | Talk | Read It Later | Share
  • COP29: How nations plan to raise money to respond to climate change
    Fast Company, Tuesday - 11/19/2024 - 07:00 PM

    Negotiators are fighting over three big parts of the money issue: How big the numbers are, how much is grants or loans, and who pays. Just as a simple lever can move heavy objects, rich nations are hoping another kind of leverage — the financial sort — can help them come up with the money that poorer nations need to cope with climate change.

    More | Talk | Read It Later | Share
  • Stuck at DIA? A seasonal “layover lounge” has holiday-themed cocktails, Santa visits
    Denver Post, Tuesday - 11/19/2024 - 02:43 PM

    If you hear holly, jolly noises echoing from Concourse B at Denver International Airport this season, that’s just Santa and a few dozen of his closest friends. DIA’s Santa Layover Lounge is popping up for the 2024 holiday travel season with themed drinks, food and other festive offerings. (Jerrod Kazumi Popham, provided by DIA) “You see a lot of Christmas pop-up bars in downtown areas, and when we were talking last year about promotions I thought, ‘Why don’t we try that at the airport?'” said Stacey Stegman, senior vice president of communications and marketing at DIA.

    More | Talk | Read It Later | Share
  • Democrats are planning a bill to remove Colorado’s unique barrier to union organizing. But Gov. Jared Polis is “leery.”
    Denver Post, Tuesday - 11/19/2024 - 02:10 PM

    Flanked by dozens of union members, a group of Colorado Democrats unveiled legislation Tuesday to remove a unique barrier to union organizing in the state. The proposal, which will not be introduced until the legislative session starts in early January, would repeal an 81-year-old requirement that unions in Colorado pass a second election before they can begin negotiating union dues and fees. Colorado is the only state with such a rule, legislators said, and they cast the measure as a way to remove an additional government requirement from union-employer negotiations. Federal law requires new unions to pass one election to form, though some states have so-called “right-to-work” laws that don’t require all employees in a unionized shop to pay dues or be a member of the union that represents them. The Colorado legislation, dubbed the Worker Protection Act, will be backed by Denver Democratic Reps.

    More | Talk | Read It Later | Share
  • Nintendo Switch not charging? Here are some fixes you can use to get it up and running
    ReadWriteWeb, Tuesday - 11/19/2024 - 12:29 PM

    Since the Nintendo Switch is a handheld device, you’re going to want to ensure your battery levels are topped up for those long sessions, whether you’re playing when you’re out and about or getting cozy on the sofa. However, what if you plug your unit in and it simply won’t charge?

    More | Talk | Read It Later | Share