Source: Surging News
Author: Jacob Gu
Dalio, founder of hedge fund giant bridge water, defended his decades of investment in China. He said that even if there are many problems in China, he may even give up this risk to war in the United States, and he will not give up thisthe world's second-largest economy.
"I have a good relationship with the Chinese people and Chinese culture for 40 years, which makes me love them. For me, it is inseparable from them and participating in their markets," the billionaires investedThose who posted in LinkedIn on Monday, "I will not enter the venue during prosperity, nor will I escape at the time of difficulties, because I am neither 'wine and meat friend' nor a" snobbon investor '.
Earlier, Dalio posted many difficulties and challenges in China on March 27, and warned that Beijing should reduce debt and relax the monetary policy, otherwise it will face "lost ten years".
Dalio said that if "Chinese leaders do a good job of doing their work well", China's problem is now controllable.He pointed out that there are signs that the leaders of Beijing responsible for the economy are preparing to implement quantitative easing and carry out debt reorganization to realize what he calls "benign deleveraging."
Recently, Chinese official publications disclosed the content of part of the speech at the Central Financial Work Conference in October last October. When Xi Jinping talked about monetary policy tools to senior officials of Chinese officials at the time, it proposed that the central bank gradually increased government bonds.Considering quantitative and loose speculation.However, many economists, including Goldman Sachs, believe that China is unlikely to implement quantitative easing.
Dalio has long maintained a good relationship with Chinese officials for a long time, expressed appreciation for some economic policies in Beijing, and his company has conducted business layout in China.Dalio was one of the famous American business leaders at the same table with Xi Jinping at the San Francisco dinner last November.
