In a high-profile meeting that’s got global markets buzzing, senior Chinese official He Lifeng and Bridgewater Associates founder Ray Dalio discussed China-U.S. economic ties and opportunities in the world’s second-largest economy. Held in Beijing on Monday, the talks spotlighted China’s economic momentum and its commitment to opening markets wider to global players.
He Lifeng, a key figure in China’s financial policymaking, emphasized that the Chinese economy has kicked off 2024 on stable footing, with a ‘unified national market’ driving growth and unleashing consumer potential. He pledged to deepen reforms and boost the capital market’s global appeal, inviting international investors to ‘share in China’s development opportunities’—a clear nod to Wall Street heavyweights.
Ray Dalio, whose hedge fund manages over $150 billion, praised China’s socioeconomic progress and reaffirmed his commitment to fostering U.S.-China collaboration. This comes as global firms eye China’s vast consumer base and tech-driven sectors like EVs and AI.
Why it matters: With tensions lingering over trade and tech, these talks signal Beijing’s push to attract foreign capital while balancing self-reliance. For young investors and entrepreneurs, it’s a reminder: Asia’s economic titan remains a key player in shaping global markets.
Reference(s):
cgtn.com