Today, Ray Dalio, the founder of Bridgewater, the world's largest hedge fund, talked about his views on investing in China in an interview with Bloomberg TV. It is worth everyone's serious attention!
Summary of GPT4, the key points are as follows👇:
1. Residents' wealth shrinks. Over the past four years, China's real estate and stock markets have experienced declines, leading to the evaporation of the majority of residents' wealth, especially the middle class. Residents are beginning to turn to holding cash, and in the background of Deflation, cash is a relatively safe asset.
2. Land finance.