Ray Dalio on China: ‘This ain’t your grandfather’s communism’

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Ray Dalio is bullish on China.

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“I think you have to understand that the word communism has a connotation to an American of what it is, and this ain’t your grandfather’s communism,” Dalio, the founder and co-chairman of Westport-based Bridgewater Associates, the world’s largest hedge fund with $160 billion in assets under management, told FOX Business’ Maria Bartiromo at the World Economic Forum in Davos, Switzerland, on Monday.

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