Bridgewater’s Dalio Says China Has to Restructure Debt, Economy

Ray Dalio: China Has to Restructure Its Economy

China’s debt is rising too fast and the country needs to restructure the economy, Bridgewater Associates founder Ray Dalio said in an interview on Bloomberg Television.

“The old industries are old and the new industries have got to come in,” Dalio said.

The country also has a “balance of payments issue.”

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