Bridgewater’s Ray Dalio looks at development of China’s financial market
By CGTN’s Xia Cheng
["china"]
Bridgewater Associates, the world's biggest hedge fund, is one of the first to set up offices in the Shanghai Free Trade Zone. Its chairman, Ray Dalio, who not only predicted but also profited during the 2008 financial crisis, is “bullish on China”, since China’s policymakers handled the financial issues such as debt issue well.
“I’m very bullish on China. I think the technical understanding of how to handle [debt] issue is very high among policy makers,” Dalio told CGTN.
Bridgewater first set up an office in Shanghai’s Free Trade Zone in 2016. The firm has since become one of the 23 foreign asset managers granted a Wholly Foreign Owned Enterprise (WFOE) license. 
After closely experiencing the change of the financial sector here, the billionaire also shared opinion on China's financial market environment, saying that “China’s leadership is committed to financial market reform, and opening-up to foreign investments [as well as foreign investors] are told very welcomed.” 
From his perspective, opening-up in financial market will help local capital market develop better. “Because not only do they [the foreign investments,] bring in capability and contribute directly, but they also contribute a better standard of world-class behaviors. And so for the financial market, I believe that’s now beginning to be underway,” Dalio explained.
(CGTN’s Wang Yue also contributed to the story)