- Ray Dalio likened China’s moves to remove private citizens from the public eye to those of a “strict parent.”
- The founder of Bridgewater Associates was speaking with Andrew Ross Sorkin on CNBC.
- Dalio has long been bullish on the Asian superpower. His firm has surpassed many private-fund managers in China.
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Billionaire investor Ray Dalio likened China’s moves to banish private citizens from the public eye to those of a “strict parent.”
The founder of investment management firm Bridgewater Associates was speaking with television anchor Andrew Ross Sorkin on CNBC Tuesday.
Sorkin asked Dalio how he reconciles China’s human rights issues and the recent disappearances of high-profile citizens with investing in the country.
“What they have is an autocratic system,” Dalio said. “As a top-down country … it’s kind of like a strict parent. They behave like a strict parent … That is their approach. We have our approach.”
Dalio has long been bullish on the Asian superpower. His firm, the world’s largest hedge fund with $US150 ($AU211) billion in assets under management, has surpassed most other private-fund managers in China with its 8 billion yuan fund.
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—Josh Wolfe (wolfejosh.eth) (@wolfejosh) November 30, 2021
Chinese tennis player Peng Shuai vanished from public view on November 2 after accusing the country’s former vice-premier, Zhang Gaoli, of sexual assault. She reappeared a few weeks later, but the initial disappearance sparked a public outcry on a national and global scale.
On December 1, the Women’s Tennis Association announced an immediate suspension of all tournaments in China, including Hong Kong, due to Peng’s treatment.
The former US Open semifinalist’s recent disappearance comes after Alibaba founder Jack Ma also was publicly unseen for several months after sparring with Chinese regulators.