US billionaire investor clarifies sarcastic comments on Chin...| MENAFN.COM

Friday, 20 May 2022 09:04 GMT

US billionaire investor clarifies sarcastic comments on China


(MENAFN) Ray Dalio, billionaire shareholder, turned into the newest famous Wall Street player to be involved over commentary related to China.

The billionaire shareholder used social media platforms to issue his opinion regarding a TV meeting that he made and was understood wrongly.

This incident took place after he said China was a “strict parent” when the topic of disappearing protestors was raised.

Bridgewater Associates’ CEO, the largest hedge fund worldwide, reported on Twitter and LinkedIn that he had “sloppily answered a question about China.”

His tweet included, “I assure you that I didn't mean to convey that human rights aren't important because I certainly believe they are... My overriding objective is to help understanding.”

Following Mr Dalio’s first commentary, he received criticism from Republican senator Mitt Romney, who blamed him for pretending "ignorance of China's horrific abuses and rationalization of complicit investments there" and that it was “a sad moral lapse.”

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