Advertisement
Advertisement

Bridgewater’s Dalio clarifies his recent comments on China

By:
Reuters
Published: Dec 6, 2021, 14:08 UTC

(Reuters) - Billionaire investor Ray Dalio, who founded the world's largest hedge fund, Bridgewater Associates, said on social media on Sunday he wanted to “clarify” comments he made last week in which he appeared to brush off human-rights abuses in China.

Ray Dalio, Bridgewater's Co-Chairman and Co-Chief Investment Officer speaks during the Skybridge Capital SALT New York 2021 conference in New York

(Reuters) – Billionaire investor Ray Dalio, who founded the world’s largest hedge fund, Bridgewater Associates, said on social media on Sunday he wanted to “clarify” comments he made last week in which he appeared to brush off human-rights abuses in China.

He said he “sloppily answered” a question during a CNBC interview, adding that he “didn’t mean to convey that human rights aren’t important.”

“I am an American who has lived my whole life in the U.S., experiencing the American Dream, and I believe in our system. At the same time, I have spent more than half my life in contact with China which has helped me understand their system as well,” he said in some tweets and a Linkedin post.

Dalio compared China to a “strict parent” when asked last week about the disappearance of dissidents.

(Reporting by Stefano Rebaudo; Editing by Alden Bentley and Mark Porter)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Did you find this article useful?

Advertisement