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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.
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Ray Dalio is brilliant and a friend, but his feigned ignorance of China’s horrific abuses and rationalization of complicit investments there is a sad moral lapse. Tragically, it is shared by far too many here and throughout the free world.
— Mitt Romney (@MittRomney) December 2, 2021
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.
Go deeper: Courage vs. coddling with China
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