Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates, believes now is the time to buy Chinese stocks despite warning about a “100-year storm” in an essay last week. Amidst pessimism around a slowing economy, an aging population, and a massive real estate and debt crisis, Dalio described China’s problems as “manageable by Chinese leaders if they do their jobs well by being both smart and courageous” in a blog post this week.
Thank you for signing up!
By clicking submit, you agree to our terms of service and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties. You can opt out anytime.
“The time to buy is when everyone hates the market and it’s cheap,” Dalio wrote. The Chinese stock markets have shed $6 trillion in the last three years, while Beijing policymakers look to shore up stimulus to recoup optimism. The efforts have started to materialize: the........