xi's moments
Home | Finance

Hedge fund owner supports common prosperity in China

chinadaily.com.cn | Updated: 2022-01-13 14:09

Ray Dalio, founder of Bridgewater Associates, speaks at the 2019 New Economy Forum in Beijing, Nov 21, 2019. [Photo/Agencies]

Renowned hedge fund founder Ray Dalio of Bridgewater Associates LP supports China's push for "common prosperity", or greater equality, and said the US and other countries could benefit from a similar approach, the Wall Street Journal reported on Monday.

"Common prosperity is a good thing," that can bring widespread opportunity would lead to a better economy and a fairer system, and it's just part of the evolutionary process, the WSJ article said, citing Dalio.

Dalio has also stressed the benefits of investing in the Chinese mainland, saying that "we've been doing that for about three years onshore. I'm just thrilled to be a participant".

According to the Wall Street Journal, Bridgewater had raised the equivalent of $1.25 billion for its third investment fund in China, its largest to date.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349