Dalio Sees ‘Real Issues’ in China, Keeps Small Exposure
- China needs restructuring amid economic challenges, Dalio says
- August data pointed to continued weakness in Chinese economy
WATCH: Ray Dalio shares his views on China’s economy, saying “there are real issues.”
Source: BloombergThis article is for subscribers only.
Bridgewater Associates founder Ray Dalio said a small part of his family office’s portfolio remains invested in China, but pointed out that there are “real issues” in the country amid a deepening economic slowdown.
“You have an environment in China which is changing and becoming a more difficult environment,” Dalio said in an interview with Bloomberg Television on Wednesday. The world’s second-largest economy has changed in the last four years and with its property and equity markets declining, many Chinese prefer holding on to cash, he added.