China has been under increasing pressure over its record in human rights.
“Ray Dalio, a brilliant friend, is an excellent person. But his pretend ignorance of China’s terrible abuses and rationalization for complicit investments there is a sad moral error. It is tragically shared by far too few here and throughout the rest of the free world,” Romney posted to Twitter.
The Wall Street Journal reported that Bridgewater Associates raised approximately $1.25 Billion for its third China-based fund.
In a recent interview with CNBC, Dalio was criticized for his comments. Dalio refused to answer questions about his position on China investing given the disappearance of Peng Shuai, a professional tennis player, and other human rights concerns.
“I cannot be an expert in these types of things.” Dalio stated that what I do is invest in the world for 50 years. I look at whatever rules apply. If the government tells me to do something, I will. But I don’t know enough about all those dynamics.
Dalio said, “As top-down countries, what they’re doing is kind of like being a strict parent.” They behave like a strict parent and go through the same. This is their approach. We have our own approach.
China has been under increasing pressure over recent weeks for its human rights record. In response to allegations of abuses, Sen. Tom Cotton (R-Ark.) has demanded a boycott at the 2022 Winter Olympics in Beijing. The Women’s Tennis Association also suspended plans for tournaments in China due to concerns about Peng’s treatment.