In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.
Ray DalioI'd like to be clear that a number of people find me intolerable, and they don't hesitate to say so - which they and I cherish.
Ray DalioCredit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?
Ray Dalio