U.S. Investor Ray Dalio Claims China Acts Like A Strict Parent

The billionaire US investor Ray Dalio has likened China's move to banish private citizens from the public eye as a form of behavior by a "strict parent."

Photo Insert: Ray Dalio, Bridgewater Associates on Centre Stage during day two of Web Summit in Lisbon, Portugal

The founder of the investment-management firm Bridgewater Associates made the remark as he spoke with CNBC anchor Andrew Ross Sorkin on Tuesday, Nov. 30, 2021, Isabelle Lee reported for Business Insider.

Sorkin asked Dalio how he reconciled investing in the country when it has human-rights issues and some of its high-profile citizens have vanished from the public view recently.

Dalio said: "As a top-down country, what they're doing — it's kind of like a strict parent. They behave like a strict parent, and they go through that. That is their approach. We have our approach." The investor has long been bullish on the Asian superpower. His firm, the largest hedge fund, which has $150 billion in assets under management, has surpassed most other private-fund managers in China with its 8 billion yuan fund.

The Chinese tennis player Peng Shuai vanished from the public view on November 2 after accusing former Chinese Vice Premier Zhang Gaoli of sexual assault. She reappeared a few weeks later, but the disappearance had sparked a public outcry on a national and global scale.

On Wednesday, the Women's Tennis Association announced an immediate suspension of all tournaments in China, including Hong Kong, because of Peng's treatment.

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