Bridgewater's Ray Dalio discusses debt cycle with PBOC

China’s central bank governor Pan Gongsheng met with Bridgewater Associates’ founder Ray Dalio on Tuesday, discussing the global economy and financial market.

The two sides exchanged views on the international economic situation and financial market dynamics, a statement by the People’s Bank of China showed.

Following the meeting, Dalio engaged in discussions with officials from the PBOC and the State Administration of Foreign Exchange on topics including the debt cycle, according to the statement, without specific details.

The billionaire fund manager has long been regarded as a strong supporter of China, though in recent years he  emphasized that only a small portion of his asset portfolio is invested in the country.

During the April period when both China and the U.S. imposed shocking tariffs on each other, Dalio called for both sides to reach an agreement on the tariff issue.

Dalio has recently sold all his Bridgewater shares and resigned from the board, completely exiting the company's governance and equity structure. Bridgewater entered the “post-Daio” era in the third quarter.