Longtime China bull Ray Dalio says Beijing now has to chose between 'beautiful deleveraging' and economic malaise
Briefly

"The biggest rally for Chinese stocks since 2008 came after China's government announced stimulus measures to revitalize a struggling post-pandemic economy and stabilize the property market."
"Ray Dalio likened Beijing's recent policy shift to Mario Draghi's decisive 2012 pledge, suggesting it could be a pivotal moment in China's economic history."
"Dalio warned that while China has a unique advantage regarding bad debt, the country must navigate a complicated and politically sensitive restructuring process to avoid a prolonged economic malaise."
Read at Fortune Asia
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