Posted 4/2/2024, 6:30:17 AM
Dalio: Time to Buy 'Cheap' Chinese Stocks Despite Risks as China Revives Economy
- Ray Dalio says now is the time to buy 'cheap' Chinese stocks as China works to revive its economy
- Chinese stocks have lost $10 trillion in value over the last 3 years and valuations are near decade lows
- China's policymakers are taking steps like rate cuts and QE to stimulate the economy
- However, China still faces risks from high debt levels and geopolitical conflicts hampering investment
- Dalio argues China remains appealing for investments due to uncorrelated returns, though the level of investment is debatable