Romney calls billionaire Ray Dalio’s investments in China a “sad moral fault”

Senator Mitt Romney, R-Utah, criticized billionaire Ray Dalio on Thursday, saying that the investments of the founder of Bridgewater Associates in China were a “sad moral fault” given Beijing’s human rights record.

“Ray Dalio is brilliant and a friend, but his feigned ignorance of China’s horrific abuses and the rationalization of collusive investments there is a sad moral flaw. Tragically, it is shared by far too many people here and around the world. free “. Romney wrote on Twitter.

Bridgewater Associates raised the equivalent of about $ 1.25 billion for its third China-based investment fund last month, the Wall Street Journal reported.

Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks at the Milken Institute Global Conference in Beverly Hills, California, United States, Wednesday, May 1, 2019. Photographer: Patrick T. Fallon / Bloomberg via Getty Images

Dalio was criticized for his comments in a recent interview with CNBC. When asked to invest in China given the recent disappearance of a professional tennis player Peng shuai and other human rights concerns, Dalio was elusive.

“I can’t be an expert at this stuff. What I basically do, for 50 years I have been investing all over the world,” said Dalio. “I watch whatever the rules are. If the government has a policy that I should do a certain thing and so on, but I can’t be an expert in all of these particular dynamics.”

Senator Mitt Romney, R-Utah, arrives before President Donald Trump delivers his State of the Union address during a joint session of Congress on Capitol Hill in Washington on Tuesday, February 4, 2020 (AP Photo / Patrick Semansky)

“As a descendant country, what they do is kind of like a strict parent,” Dalio added. “They behave like strict parents, and they go through that. That’s their approach. We have our approach.”


FILE – Peng Shuai of China celebrates after winning the women’s singles match against Venus Williams of the United States during the China Open tennis tournament at the Beijing National Tennis Stadium on Monday, October 3, 2016 (AP Photo / Andy Wong , File)

China has faced increasing pressure in recent weeks over its human rights record. Senator Tom Cotton, R-Ark., Called for a boycott of the 2022 Beijing Winter Olympics in response to alleged abuse, while the Women’s Tennis Association recently suspended scheduled tournaments in China over concerns about the treatment of Peng.

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