Hedge fund king turns bearish on China
Bridgewater Associates CEO says there are now no safe places in the country to invest
Singapore
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, wrote in a letter this week to clients: "our views on China have changed . . . There are no safe places to invest."
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