Robot Xiao Cong is a host, talks and plays with students at a school located in Zhejiang Province of China.Ray Dalio, a billionaire investor, says that China's recent regulatory crackdown was misinterpreted by Western investors as "anti-capitalist".Dalio wrote in a LinkedIn note that investors who believe this way will "continue miss out" on the events in Asia.He explained that he meant Western observers, who are not in direct contact with policymakers but "don't follow in details the patterns of government changes."Dalio stated that "they interpret moves like these recent two as Communist Party leaders showing true anti-capitalist streaks even though the trend for the past 40 years has been so strongly towards developing a market economy, capital markets and entrepreneurs becoming rich."Dalio, who is the founder of Bridgewater Associates, said that the hedge fund's largest, Bridgewater Associates, has been missing out on the happenings in China.
