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Sen. Mitt Romney walks to a Senate Republican caucus meeting at the Capitol on Oct. 7. Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Mitt Romney (R-Utah) on Thursday criticized billionaire Ray Dalio's investments in China, writing in a tweet that "his feigned ignorance of China's horrific abuses and rationalization of complicit investments there is a sad moral lapse."

Driving the news: Romney's comments come after Dalio's firm, Bridgewater Associates, the largest hedge fund in the world, raised $1.3 billion in November for a new private fund in China, Bloomberg reports.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.
  • When asked about his investments in China earlier this week, Dalio said: "I can't be an expert in those types of things," adding, "I look to whatever the rules are."
  • "So the guidance of the government is the most important thing," Dalio also told Andrew Ross Sorkin on CNBC's "Squawk Box."
  • Axios has asked Ray Dalio for a comment about the tweet, and will add it when received.

The big picture: Dalio's comments come as some sports figures and organizations — including the Women's Tennis Association and Boston Celtics' Enes Kanter — are taking on Beijing ahead of the Winter Olympics.

  • The women's professional tennis tour suspended tournaments in China and Hong Kong this week amid concerns over the treatment of tennis player Peng Shuai.

Go deeper: Courage vs. coddling with China

Go deeper

Nov 16, 2021 - World

Olympics sponsors caught between U.S. and China

Illustration: Annelise Capossela/Axios

Companies that do business in China — especially Olympics sponsors — are concerned Beijing will use the 2022 Winter Games as a loyalty test.

Why it matters: China's leaders have become adept at silencing criticism from U.S. companies that might otherwise condemn the country's human rights record — and the Chinese government has been able to host prestigious global events like the Olympics while committing rights violations with impunity.

Jan 13, 2022 - World

Biden administration criticizes China's move to cancel more flights

United Airlines flights are among the latests to be suspended. Photo: Elijah Nouvelage/Bloomberg via Getty Images

The White House criticized China's decision to cancel more flights from the U.S. on Wednesday, saying it was "inconsistent with its obligations under the U.S.-China Air Transport Agreement."

Driving the news: China announced it suspended six flights over the course of the next week due to passengers testing positive for COVID-19, per Reuters.

Updated 18 mins ago - Science

Volcanic eruption in Tonga caused "significant" damage

This satellite image of the eruption on Jan. 15 taken by Himawari-8, a Japanese weather satellite operated by Japan Meteorological Agency and released by National Institute of Information and Communications Technology (NICT). Photo: NICT via AP

Significant damage has been reported in Tonga following an undersea volcanic eruption on Saturday, which covered the Pacific nation in ash and cut off communication lines.

Driving the news: The eruption triggered tsunami warnings across Tonga's islands and in other regions, including the West Coast of the U.S. and New Zealand.