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Hedge fund king turns bearish on China

Bridgewater Associates CEO says there are now no safe places in the country to invest

ECONOMIC ACTIVITY HURT: Mr Dalio says even those who haven't lost money in stocks will be affected psychologically by events.


THE world's biggest hedge fund manager has done a U-turn on China.

In the aftermath of the stock market rout which saw the Shanghai A stock index plummet more than 30 per cent in the three weeks to July 9, Ray Dalio, chief executive officer of Bridgewater Associates,