Dalio dodged queries about investing in a country with a lengthy history of alleged human rights violations. At the same time, the country has also been chastised for the abduction of tennis star Peng Shuai, who accused former Vice Premier Zhang Gaoli of sexual abuse.
Ray Dalio, a billionaire investor, compared China’s decision to keep private persons out of the public glare to that of a “strict father.”
On Tuesday, the founder of investment management firm Bridgewater Associates spoke with CNBC anchor Andrew Ross Sorkin.
Sorkin pressed Dalio on how he reconciled investing in the country with its human rights difficulties and the recent disappearance of some of its high-profile individuals.
When asked how he considers these difficulties when investing in China during an appearance on CNBC’s Squawk Box, Dalio said he “can’t be an expert in those types of things.”
“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
While neither of them agrees with everything that happens in the United States, host Andrew Ross Sorkin pushed back, arguing that political disputes are not the same as in China, where the government is “disappearing individuals.”
After that, Dalio attempted to provide “perspective” by pointing out that China is acting like a severe father.
“As a top down country what they are doing is they behave like a strict parent,” he added.
“That is their approach, we have our approach,” he said. “So the notion of whatever they’re doing in terms of calling in people and behaving in a certain way that’s their approach. If I evaluated all approaches around the world in all countries I’d be in a bind to try to find out where do I invest and so on.”
He added that it is not his “domain” and that he would “leave it to the government to make those decisions.”
In the Xinjiang area, an estimated 1 million Uyghurs and other Turkic peoples are held in the CCP’s concentration camps.
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https://www.nationalreview.com/news/ray-dalio-defends-investments-in-china-despite-human-rights-abuses-ccp-behaves-like-a-strict-parent