Dalio Says Evergrande ‘Manageable’ Even as Investors Stung
- Bridgewater founder says ‘system will be protected’ in China
- ‘You’re not going to jump in and out’ of China, Dalio says
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China Evergrande Group’s debt crisis “is all manageable” even as lenders are hurt by the property developer’s troubles, Ray Dalio said.
“Investors will be stung -- that’s how it works,” Dalio, the founder of hedge fund Bridgewater Associates, said in an interview Tuesday with Tom Keene on Bloomberg Television. “The system will be protected because it’s denominated in its own currency.”