Hedge fund giant Bridgewater pares China bets, offloading stakes in Alibaba and Baidu
1. Bridgewater Associates divested from major Chinese stocks, including Alibaba. 2. Geopolitical strains and economic prospects weaken investor confidence in China. 3. Ray Dalio previously defended investments in China but sold his stakes recently. 4. Tariff truce between U.S. and China extended for 90 days, affecting trade rates. 5. Dalio's pullback underscores rising challenges within China's economy.