Ray Dalio says China is overdue in reducing its debt

Ray Dalio says China is overdue in reducing its debt

FILE PHOTO: Ray Dalio, Bridgewater's Co-Chairman and Co-Chief Investment Officer, seen here speaking during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid/File Photo

Legendary investor Ray Dalio, a big enthusiast and investor in China, said on Thursday the world’s second largest economy is overdue in conducting a “big debt restructuring.”