Dalio Says China’s Leaders Face ‘Whatever-It-Takes’ Moment
- Beijing needs ‘a lot more’ stimulus to drive historic rebound
- Chinese stocks rally most since 2008 following latest moves
Billionaire investor Ray Dalio says China’s surge of market stimulus will be a historic turning point for the world’s second-largest economy, if policymakers in Beijing deliver “a lot more” than pledged.
The comments came after Chinese stocks posted the biggest rally since 2008 following a policy blitz last week that included lowering interest rates and allowing brokers to tap central bank funding to buy stocks. China’s top leaders have also pledged to support fiscal spending and stabilize the beleaguered property sector.