12.9 C
Sofia
Thursday, October 19, 2023

Mitt Romney calls Ray Dalio’s China investments a “sad moral lapse”

Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what’s new and why it matters in just 5 minutes.

Catch up on the day’s biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Get the inside stories

Get an insider’s guide to the new White House with Axios Sneak Peek. Sign up for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Sen. Mitt Romney walks to a Senate Republican caucus meeting at the Capitol on Oct. 7. Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Mitt Romney (R-Utah) on Thursday criticized billionaire Ray Dalio’s investments in China ↗, writing in a tweet ↗ that “his feigned ignorance of China’s horrific abuses and rationalization of complicit investments there is a sad moral lapse.”

Driving the news: Romney’s comments come after Dalio’s firm, Bridgewater Associates, the largest ↗ hedge fund in the world, raised $1.3 billion in November for a new private fund in China, Bloomberg reports ↗.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

  • When asked about his investments in China earlier this week, Dalio said: “I can’t be an expert in those types of things,” adding, “I look to whatever the rules are.”
  • “So the guidance of the government is the most important thing,” Dalio also told Andrew Ross Sorkin on CNBC’s “Squawk Box.”
  • Axios has asked Ray Dalio for a comment about the tweet, and will add it when received.

The big picture: Dalio’s comments come as some sports figures and organizations — including the Women’s Tennis Association and Boston Celtics’ Enes Kanter — are taking on Beijing ↗ ahead of the Winter Olympics.

  • The women’s professional tennis tour suspended ↗ tournaments in China and Hong Kong this week amid concerns over the treatment of tennis player Peng Shuai ↗.

Go deeper: Courage vs. coddling with China ↗

James Mackreides
James Mackreides
'Mac' is a short tempered former helicopter pilot , now a writer based in Sofia, Bulgaria. Loves dogs, the outdoors and staying far away from the ocean.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles