Business
Bridgewater’s Dalio and GIC’s Lim Maintain China Investment Stance Amid Rising Global Risks and Uncertainties
Ray Dalio of Bridgewater and the head of Singapore's GIC remain steadfast in their China commitment despite concerns over global economic expansion. They both express a growing sense of caution for the upcoming year due to political uncertainties and ambiguous worldwide growth possibilities.
Ray Dalio, who established the biggest hedge fund in the world, and Lim Chow Kiat, the head of Singapore's GIC sovereign wealth fund, are growing more wary about the upcoming year due to political instability and unpredictable global growth potential.
Despite facing obstacles like increasing debt issues and geopolitical strain, both parties confirmed their dedication to continue their investments in China on Wednesday.
Dalio, the founder of Bridgewater Associates, expressed that international political issues, along with the financial implications of climate change, could potentially pose negative risks to worldwide investors in the upcoming year.
"Dalio stated at the Milken Institute Asia Summit 2024 in Singapore that the unexpected events tend to be more negative than positive."
Dalio mentioned that although the US has numerous advantages, there's a potential danger associated with a smooth transfer of authority.
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