Ray Dalio, founder and chairman of the world’s biggest hedge fund firm, Bridgewater Associates, on CNBC Squawk Box.
"What they have is an autocratic system and one of the leaders described it that the U.S. is a country of individuals and individualism…in China it is an extension of the family," says @RayDalio. "As a top down country what they are doing is–they behave like a strict parent." pic.twitter.com/MNZKMdtPy2
— Squawk Box (@SquawkCNBC) November 30, 2021
Dalio has long been vocal in support of Chinese investments and Bridgewater Associates is among the largest foreign asset managers operating in China, according to Forbes.
However, much of Wall Street disagrees and many American investors fled after China’s recent regulatory crackdowns on the technology and education sectors.