Is investing in China worth the risks? For Ray Dalio, who has spent 40 years nurturing his Beijing connections, the answer is easy.
Illustration by Luis Grañena
Ray Dalio, the founder of the world’s biggest hedge fund, spends a lot of time contemplating what he deems the China “riddle.”
“How is it that a communist country can be so capitalist that they have the second largest capital market in the world, produce billionaires, and simultaneously be Marxist?” he asks from his Connecticut home, where The Wire reached him by Zoom. “If you don’t know how to answer that riddle, then you must not understand China.”
Dalio, 72,
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
A judge in California last week overturned a jury verdict that had convicted Ding Linwei of economic espionage, after he stole documents about the tech giant’s AI chips.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
