Billionaire investor Ray Dalio said he isn't fazed by Beijing's regulatory crackdown affecting stocks of technology companies such as Didi, arguing the government's moves don't signal a reversal of longstanding policy trends. He defended China's recent move to increase its grip on collection and use of data from all corners of the technology sector. Some Chinese stocks have logged their steepest declines in 2021 in the wake of the government's clampdown.