'There Are Real Issues in China Now,' Ray Dalio Says
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- เผยแพร่เมื่อ 18 ก.ย. 2024
- Billionaire investor Ray Dalio shares his views on China's economy, saying "there are real issues" and restructuring is needed. According to Dalio, "it's a situation that's more challenging than Japan in 1990." He speaks to Bloomberg Television on the sidelines of the Milken Institute Asia Summit 2024.
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"Back Tracking Dalio" -11pts this year.
EVERYONE IN THE USA IS SCARED...because, there is ANOTHER CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY!
He should write a book about it.
"Principles on Navigating Chinese Property Crises"
EVERYONE IN THE USA IS SCARED...because, there is ANOTHER CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY!
He should have said this five years ago when it was the perfect time to sell. Now, the reverse argument about property and GDP also makes sense. His words may not be consistent with his actions.
you know shit is down when comrade Ray Dalio is talking smack about Chinese economy
EVERYONE IN THE USA IS SCARED...because, there ARE OTHER CURRENCIES CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY! Ray, is pushing the FIAT DOLLAR and SUCKERS like Americans to keep propping up the US Ponzi~!
Excellent way to put it 😂
He's no longer carrying China's water?
He must finally be divested. He's probably been working on it for the past four years since that's when he said they started to have a problem
Things changed
Maybe I watch a lot of news, so if replacing X with any country ("'There Are Real Issues in X Now"), I can still see the relevance, and makes sense.
China doesn't need him....Chinese households have $16 Trillion saved vs US only has $900 billion! China has passed. the US since 2016 ...the next CHINA IS STILL CHINA~
EVERYONE IN THE USA IS SCARED...because, there is ANOTHER CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY!
China is a great place to invest, but we have only a small part of our invesments there. LOL!
so funny
@@laurentb.8236 he was just trying to cover himself up
EVERYONE IN THE USA IS SCARED...because, there is ANOTHER CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY!
It's an incredible opportunity, but we inly have a small percentage of the portfolio because there is no rule of law and we could be dispossed of our assets as foreign ownership of lots of industries is actually against the law.
@@alexgamble4718 LOL..and US trying to force TIKTOK to sell to US corp. Tells the world, FB, X,etc ..USA is a regime w/ NO LAWs and will steal your inventions and corp if you don't push Israel and US propaganda!
He has a very eloquent way of saying China’s economy is kinda fucked.
I write crap half as rude and it always get deleted 😂
EVERYONE IN THE USA IS SCARED...because, there ARE OTHER CURRENCIES CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY! Ray, is pushing the FIAT DOLLAR!
Every country’s economy had been fucked before, there will always be ups and downs. This is China’s first major recession. Smart rich people like him will find opportunities and get even richer.
If I had a dollar every time I heard that in the past 20 years lol.
傻逼
I feel Ray is struggling a bit to find his words. Otherwise great points
Maybe it’s all intentional 😅
HONEST? OR, EVERYONE IN THE USA IS SCARED...because, there ARE OTHER CURRENCIES CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY!
He can't really say anything.
6.8 trillion USD wiped out in Shanghai and HK stock markets. 18 trillion wiped out in household wealth in the last 3 years. For perspective, that's almost the same size as the total GDP of China at 18.5 - 19 trillion USD and 6 times the size of its foreign reserves at 3 trillion USD.
USA upset the Chinese didn't bailout the real estate market! they are hoping the Chinese would do the same as we did...give handouts to the bankers, real estate developers, investors, and homeowners! USA loves to promote growth with DEBT DEBT DEBT! THUS, THE WORLD IS DUMPING US TREASURIES! EVEN OUR ALLIES! Don't worry about them...look at our commercial real estate...empty, empty, and empty! Our real estate and financial market is a ponzi con-my backed by toilet paper dollar. Most dangerous is mass daily shooting, homeless, and triggered divided country! YELLEN wen to China 3 times in 6 mos. IN 2024! begging them to NOT DUMP ANYMORE TREASURIES!~
This is short term pain for long term gain…. Everyone knows China has the real estate bubble and now they are fixing it.
You can’t let stock market and real estate be your drive force of the economy growth
@@Rapture77 where did the money go?
@@ms-dn5umI will let you know. Chips, AI, auto motive electricfication. Hydrogen fuel cell, fusion. I just come back from a trip. That is what I found out.
This is squeezing the bubble.
Bro, are you like 10 years late on this?
i have china is my all country world index.
We know this from ages ago.
The clown just wanted to sell book, he knew they were real estate heavy
If you sat out during 1980-2021, you would’ve been a cuck, not a winner.
EVERYONE IN THE USA IS SCARED...because, there ARE OTHER CURRENCIES CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY!
There was tons of money to make in china in the last 20 years, but sooner or later the bubble burst.
Theres no bubble in china. The bubble is in the usa. Go check the multiples. At least know what you are talking about
@@henrywid there's no bubble because it has burst. Bye bye 👋
How is the 35,000 billion dollar public debt not a bubble?
@@oceanwave4502 because it can be repaid
It burst in the US too, more than once in fact, since the turn of the millennium. And?
This is the same
Guy who was betting against the U.S claiming China was going to be the new world leader 😂
He is still correct
@tonyatgoogle6076 yes that's why he says they have a "small portion" lol
EVERYONE IN THE USA IS SCARED...because, there ARE OTHER CURRENCIES CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY! Ray, is pushing the FIAT DOLLAR!
@@geraxhodon’t confuse stock market with composite national strength, dummy. The two aren’t tied.
@@tonyatgoogle6076yet he sold all his china assets
When Dalio is getting less optimistic about China, its time to gtf out.
This guy has been the biggest bull (openly) on China, he even wrote a popular book about it.
They are cooked. Take your money and run.
Exactly, it made zero sense why he was so bullish. Now he’s like dOnT PuT alL yOUr EgGs in iT
Those sections on China in A Changing World Order must be a little regrettable now.
It means western companies are losing china market share to chinese domestic brands. The west making less money in china due to competition
@@theonlycaulfieldyeah he completely fell flat on his face on that one
Too late
As Chinese, I really appreciated his honest opinion.
I'm reporting you to the CCP Police for using Western media sources.
HONEST? OR, EVERYONE IN THE USA IS SCARED...because, there ARE OTHER CURRENCIES CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY!
CCP leadership has everything under control, the numbers speak for themselves.
this guy is waffling.
in other words: "i wrote an entire book and went on tours to spew the fact that china was going to be the next #1 economy in the world so everyone will buy in while i sell everything; now that i'm divested enough from china, i can cause fud again"
long story short dalio just did a pump and dump
Yup. As I also just wrote in another comment:
I used to really (!) respect Dalio a lot, after his first book Principles. But I will never forget how he clearly and unambiguously recommended Schrodinger as an excellent investment. A few weeks later it tanked, and to me it looked A LOT like one or more big hedge fund(s) dumping. Could it be that Dalio / Bridgewater wanted to dump it on retail?
Perhaps the same is true here. He may be loading up BIG on China now while he's talking it further DOWN.
So many people had trusted Ray Dalio and so many lost fortunes based on his advices about never ending Chinese growth... And now we suddenly hear - every country's economy works in cycles. Well, the very long negative cycle has just started in China.
Okay , so is your recommendation people invest in the never ending USA growth?
@@xfactor6099 100% not, the 2012-2024 growth of US equities has been totally artificial and I dont believe in it at all.
Don't you know by now that Ray Dalio is such a hypocrite?
he pushes whatever narrative he needs to for his hedge fund. Hypocrite implies he had an actual position, guy is like sand, he shifts with the wind, he just tries to trick people into shifting the way he wants to go.
Gold better than cash to hold wealth in a deflation scenario. Chinese know this.
EVERYONE IN THE USA IS SCARED...because, there ARE OTHER CURRENCIES CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY!
I read, more than 20 years ago, about Chinese people ploughing their life savings into the real estate sector, and how Chinese developers had until about 3-4 years ago overbuilt massively, with ghost cities appearing in many regions. It is stupefying that Mr. Dalio is NOW talking about problems with China's real estate sector.
EVERYONE IN THE USA IS SCARED...because, there ARE OTHER CURRENCIES CHOICE in the world besides the FIAT DOLLAR! and they can't afford losing the FIAT DOLLAR AND THE USA PONZI CONOMY! Ray, is pushing the FIAT DOLLAR!
The woman: you must say, down, down, down, less, less, less, China
At the same time....the EVs are sold in +1 million a month....
Housing market is not the whole economy.. innovation is the key and real. Housing investment only is for an economy with no innovation.
he's rightly pointed out that there are up and downs. Chinese government promptly (PROMPTLY) popped the property bubble and refused to re-fuel it to avoid bigger problem down the road. And the Chinese government is trying other means to "upgrade" their economy, esp. by heavily investing into cutting edge technologies like semi-conductors, green energy etc etc, but certainly NOT by QE and stimulus. So what Ray is saying that we should be patient and invest more wisely which i have to agree. Chinese government, without worrying about "elections", can do things a LOT more strategically and able to weather short term pains.
cant fix confidence and multiplier effects, certainly not with an authoritarian government that changes its mind on whether its glorious to be rich.
They literally propped the RE market up in 2008. And, 2016. They turbocharged the RE market.
You need to look at a stock chart for the HK index or the SSE. 15 years and no gains.
Is it me or anyone else noticing that almost everything around me in my house is made in China? This means China has a lot to offer the world.
Good comment - the "experts" we see on CNBC and mainstream Western media never talk about any of this. At least Dalio mentioned China's technological leadership. Comparing it to Japan in 1990 was off-base though.
Yes,they popped the real estate market on purpose by telling evergrande and other especially large real estate companies to hold more cash instead of leveraging. They knew it was too big and had to be popped and this was the way to do it.
Evergrande couldn't come up with real cash so they went belly up. I believe the govt is currently guiding evergrande to complete any unfinished apartments that people already put their deposit on.
As for us, we are going through a slow deflation that doesn't appear to be working to well either, but time will tell for both countries.
People in the states still thinking their economy ain't garbage too 😂
Well, he is right. the issue is going on in China!
Issues are happening everywhere in the world not only in China
so in the past he seems pro china. and now?
I clicked on this because I recall reading a book by him about how great China is and how it will be the next great world power.
yes the rel issues are that they are so far ahead of the rest of the world technologically, infrastructurally, cleanliness, efficiency, enjoyment. etc etc !!!!!!
Exactly 💯
Is there a country without real issues?
Ray wants to get in cheaper! Classic Wall Street
Yes. Like I also wrote in another comment:
I used to really (!) respect Dalio a lot, after his first book Principles. But I will never forget how he clearly and unambiguously recommended Schrodinger as an excellent investment. A few weeks later it tanked, and to me it looked A LOT like one or more big hedge fund(s) dumping. Could it be that Dalio / Bridgewater wanted to dump it on retail?
Perhaps the same is true here. He may be loading up BIG on China now while he's talking it further DOWN.
These guys talk about China more than they talk about their own country
No real investor cares about China anymore. Every stock is a loser. I bought BIDU in 2010 and bailed a year later. Best decision ever. It's at a lower price than back then. BABA is barely over it's IPO price.
Their indices haven't moved in 15 years.
They also talk about your mom too
@@LanNguyen-vd4ztAmericans and Europeans 🤮your comment shows about your mindset
@@LanNguyen-vd4zt his mom is a mail order bride from Vietnam
@@jintaohu3743 that would be China. Chinese women love opening up happy ending massage parlor in western countries.
He can barely talk.
Who doesn't face real issues?
While I am not a billionaire, I figured out this entire country was a scam, a few years ago.
I should be a billionaire too !!!
oh well, I guess I should just be happy with being a straight thinking, honest person…. 😅
the entire country? lol
For China to win Gobalization must win, China doesn't want globalization to win and so it makes it's life far harder, not impossible.
You and your twisted logic...china is all for globalization unlike the protectionism the west is practising now with all this tariffs on EVs ,solar panels ,turbines etc.
Globalization needs a leader, it will be too difficult if China wants to take this role. In turn, it is working on a partial global union with some friendly countries.
Globalization?? Trade is a good thing for China and that's why US would keep on sanctions China if that would mean destabilising Chinese economy, it will be more and more sanctions.
Chinese bots , help us😢
Those bots are gonna run out of electricity very soon.
West bots get a brain and think rather than barking
CCP seems don’t got money to pay bots any more 😭
@@shiyoudaxue0546 bots think CPC controls everything, rabies dogs
China experienced 5.2% solid GDP growth,; China experienced record export and record sueplus i 2023; China has NO government debt. How about United States, we are experincing HIGH inflation ; we are experiencing real LOW wages; we are experincing REAL UNployment. and we are still spending hundreds od BILLIONS to foreign aid while our own roads and bridge are unrepaired. China has issues? and We don‘t?
@@jimmyyoh8144 We have F22 and 2nm process
Buffet and dalio have been loading in Japan,guess Japan is on reverse
ray you can't even speak a sentence without saying UMMM
while America spends Billions on fake news , it backfires on the American people -
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The US innovates more than China? Name one thing!
China has gone through numerous cycles in its 5,000 years of history. It is the only country that has survived major down cycles and has risen again and again.
To think China is not going to overcome the current down cycle is pure ignorance and lack of understanding of China's culture, civilization, and culture.
It's been a long time since Dalio lived in China. His memory of what was is no longer what is. When someone quotes Deng Xiaoping with longing, you know that person lives in the past and not in the present.
I'll challenge you. Here are a few recent major US inventions: 3D Printing, Artificial pancreas, Gene editing, Internet of Things. I can keep going. But can you now give me 5 Chinese recent major Chinese inventions?
So much for Ray saying China is poised to take over the US. Knew it wasn't true but its satisfying to see him backpedal like this.
Real real issue there is only one and one only , Xi Jinping, say it Ray.
He is a strong leader
He has the best political skill in Modern China
The people in the west does not like him
Because he will not take any order from the West
Why? Because he won't let you control china like you do japan and South korea ?
The issue with xijinping is he takes no shit from the west.😂
@@DavidFoo-kh4ri his antiwestern nationalism policy has cause the economic down turn. Tell that too all the workers being laid off and pays being cut. Great job Xi. He is like Mao when my parents where kids, causing too much damage with his cult of personality.
@@xiphoid2011you and your imaginary parents 😅
He said he only had a very little percentage of his investment in China. That means in the past few years, he said bullish views of China so he can sell and get out of China.
He is a real expert on China much better than Gordan Chang.
Very interesting and informative. The way he said certain things leaves a lot of clues of what is going on from the perspective of one of the greatest bull market investors in China. For me he is saying we made our money there in China but now maybe it is time to look elsewhere.
TLDR . Foreigners are making less money in China .
Huh, thats so crazy Ray, weren't all in China before? hmm
So basically he is saying get the money out of china. Makes sense. Lots of investment is moving out of china.
Without internal change, China is currently closing faster (to international business) than opening. That's their choice. Look at the reports from businesses on the ground, in China, from EU and US Chambers of Commerce.
And the USA doesn't need internal change?
Hello hi sir and madam all the best and Good luck sir jai Jai Germany 🇩🇪 ❤
I remember UM UM UM he said covid would just be an accounting adjustment lol
Dalio is becoming my favourite contra indicator
Sing the bright tune of the Chinese economy and these are no problems, materialism at its finest.
China has patience... Foreign investors don't....
Did this dude say China was going to replace US as #1 very recently?
What about your own backyard buddy
The reporter did not understand what he just said and just ask stupid questions
Dalao should just admit that he was wrong about China.
This is channel. 🤣🤣🤣🤣🤣🤣
lmao
It's like the ex-GF who dumped you for some new guy, but then got cheated on and dumped by that guy, and now has come crawling back, saying "what are you talking about? I never dumped you... I just... went for a jog... a 20 year jog"
Well well well, after 10 years Ray you do a complete 180. I wonder why you suddenly chose to accept the reality in China.
"Is is still glorious to be RICH?" well, it's still the case in the view of the middle class and poor people, but not so in the eyes of the truely rich. Dalio is telling something closest to the true answer, much deeper than most analysts. Economy on the surface, roots in politics.
Fact check, China is climbing to a higher hierarchy of this Industrial production ladder for quite sometime now, even at Chip manufacturing field which is just among a very few fields that US still have advantages left, their national department of Industrial and Information technology just announced a few days ago, a 8 nanometer DUV machine has been made and another 7 nanometer chip technology has been internationally registered via a report by South China Morning Post Report of Singapore, which is used for EUV technology, the gap is closing faster than everyone’s expect, new research from the Australian Strategic Policy Institute (ASPI) shows that China is now leading the way in 57 out of the 64 technologies assessed by its Critical Technology Tracker, which has now been updated to cover the last 20 years.Aug 30, 2024. And ASPI receives funding from defence contractors such as Lockheed Martin, BAE Systems, Northrop Grumman, Thales Group and Raytheon Technologies. It also receives funding from technology companies such as Microsoft, Oracle Australia, Telstra, and Google.
Good Job interviewing ...Thx
As a nobody who watches TH-cam but also lived in china for a short time, I understood everything Dalio is highlighting here 10 years ago, the fact that he is realising this now after spending years telling us China is going to rule to world is telling of how even people at the top of their industries can be blinkered.
Exactly. Wth.
Agree with Ray on most points but what is this about property right? What is he referring to? China must undergo economic reforms now, it had no choice. An economy that relies on endless real estate boom is unhealthy and not sustainable. People should get rich by their ability to create value and not through speculative investing in real estate or the stock market. The economy does not need to increase with endless consumption boom nor does it has to borrow to no end like the west. Instead, China is focusing on tech innovation and manufacturing which can create true value. The Era of easy money for speculators in China is over, the tech boom era has just begun and this is where the money is at.
The thing is once your money is in China, there is the risk you will never be able to recover it. The rules are different and can change any time. So, investors are the one risking their money.
@@zill8021 As it should be. In the US, the winners are always investors and speculators. In China, the ruling class says no.
@@zill8021but we can recover from western countries? I mean the entire west seized sovereign nation assets and spent the profits on lending to another nation (Ukraine)... Is there anything in the west that can be trusted anymore? Always complain about others while having a load of $eet on themselves 😂
@@kevinswift8654In china is way more specific. Party members are the winners
@@geraxho Look at stats of how many lifted out of poverty.
Is that Wang Qishan's brother from another mother Ray Dallo?😏
Every economy undergoing an up and down cycle. In China, there were a lot of Ups in the past 40 years. Definitely there are problems now, and lots of head winds! But when you look at the more than 5,000 years history of Chinse culture, they can always come back and became stronger. Many years ago, Lee Kuan Yew told a US journalist; "if you told Chinese leaders that you should do this, they would reply to you politely". After you have left, they would say we know better than you as we have 5,000 years history to refer to, and USA has only 200 years history!
There're rEAl questions here since(at least) 5k yrs ago, and I guess we're still living here
btw this video missed an important part: what's the price?
China is "attractively priced.."... yeah sure, a company going bankrupt may also be attractively priced until its not. If you didnt see the issues with China before Covid, you definitely should have pulled out in 2020. So to sit here in 2024 and say that China is struggling, that is just silly.
😢Thank you very much ma' it's a real crime what they are doing against my skin please stop preparing me around bidee and not trustworthy from the beginning promise stop not basket how is it allowed 😮
1.6b in effect? Everyone scrambling on it 😮
Usa can change parties but not policy. China can change policy but not parties.
Regrettably Ray Dalio have finally come clean, he has been and was a China bull since 3-years ago when he said the PRC was tanking since 4-years ago. Nett Nett, he uses Bloomberg to downplay his bullish hype about the PRC market for the past 4-years. No decent investors will ever trust him and his company ever again.
Politicians bound to attack Businessman. It happened everywhere. In democracies there is court to save. But in China only God will save. CPC sucks out entrepreneur’s energy out when they feels threatened 😂
China being conservative on money policies, also being a country that can make any debt vanish instantly by law is having issues, while the us being a neoliberalism country that prints papers for countless years is having a great economy? 🤣🤣🤣
Dalio's finally admitting it
喜欢他真诚的分析。更希望他提出建言献策。
Oh Ray, teach us the principles of investing in a Communist dictatorship you wise, wise man.
The interviewer is annoying, for not letting him finish the point
He does like to ramble
Oh really Ray! Keep on holding on Ray! Say it ain’t so Ray!!
One of the largest Ghina bulls out there, doing the backtrack eh?
Ask Dalio about his friend the Diddler!
He has a very good understanding of what’s going on here in China. The issues are real. Two things I want to add on which also play key roles in the downfall of Chinese economy. 1 the huge amount of assets wether were gained legally or illegally by high class Chinese fled to the west. 2 the media war aiming at lowering Chinese FDI as much as possible
Well done rubbing it in! Ray is biased and overexposed
Ray's a boss, this interviewer is mad weird. Like so weird
On 9 Sept, 2024 the US Congress passed the "Countering the PRC Malign Influence Fund Authorization Act" (H.R. 1157). The act allocated US$1.6 billion to this Fund. It would be better described as the "US Propaganda Around the World Media Against China Act".
"Economy could be simply thought made by transaction.
Praise china when you buy it and there are real issues when selling."
- The New Principle
y is this lady so up tight
One should not use western standards to judge China's economy because China has again and again proved western economists wrong. China's leaders know what they are doing, and can solve whatever problems they are facing. I am certain of it.
China are you listening ?
Is this the point in 2024? Why did Ray look upon China Economy in 2022 and 2023,and slam it on 2024 fall?
Lol incredible how fast this man changes his mind on China lol
Ever since he has been praising China, I've been telling him NOT TO TRUST CHINA...
Naive dude.
Looks like he finally wised up and cashed out on his previous terrible invest in China advice.
That small portfolio on China investment is short position with leverage😂
China in mid & long time should still be good & will continue to grow. Still lots of smart entrepreneur in China . Not to mention so much hard working individuals.
Yes agreed China needs some adjustment & some restructuring. In fact, this is always the case in China as they keep reforming to suit the internal & external environment. The buzz words is “ deepening reforms “ . Still the super rich & middle classes are still growing even though they are hesitating to spend, this is indeed aligned to what’s happening in the world including USA. To me I think this is an opportunity as Ray said , cycle will go up & down . Catch it when it’s down . Means , good price . However, u need to be a long term player.
People only take a quick look and see that the moron who created all this mess is still in charge and getting increasingly hostile to its neighbors and the international community, they'll go "same old shit! I'll pass!" And they're right! That moron is still there and running things and barking at everyone like a rabid dog
China don't need foreign casino money,is vinfast really worth $20 billion?
Stock market appreciation alone shouldn't define a country's economy.
Very true! For American baboon politicians Wall Street is a measure of its economy! Top 10% own 93% of Wall Street! Thats why homelessness, unaffordable education and healthcare!
He is in trouble financially. Time to stop talking and time to start working!
Says the broke guy. Bet you carrying consumption debt😂😂
Evergrande really fucked them up.
Keep coping😂😂
@@xfactor6099 huh?
@@left4deadian duh!!
why is he shaking so much?
Well vw will be investing $60 billion for the next ten years