Billionaire investor Ray Dalio has a solution for China, but it'll need Beijing to radically remake its own rules
Ray Dalio, founder of Bridgewater Associates, is again promoting the idea that China should undertake a "beautiful deleveraging."
Dia Dipasupil/Getty Images
- Ray 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.
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