A very rich man named Ray Dalio thinks it's a good time to buy things from a big country called China. Even though some people are scared of China because they have many problems and owe a lot of money, he believes that now is the right moment to invest in their market. He says that when everyone dislikes something and it costs less, it's usually a good idea to buy it, especially if the leaders of the country are trying to fix their issues. Read from source...

- Dalio claims that "the time to buy is when everyone hates the market and it’s cheap", but this statement is vague and subjective. It depends on what one considers as a fair valuation of the market, which can vary widely depending on different factors and perspectives. Moreover, Dalio's own track record of timing the market is not flawless, as he has made wrong calls in the past, such as predicting a hard landing for China in 2019, which did not materialize.
- Dalio also argues that the Chinese equity market is undervalued, but this claim lacks empirical evidence and rigorous analysis. He does not provide any clear criteria or metrics to measure the valuation of the Chinese market, nor does he compare it with other markets or historical averages. His assertion seems to be based on his optimistic view of China's potential growth and reforms, which may or may not materialize in reality. Furthermore, Dalio's perspective is influenced by his own investment strategy and goals, which may not align with those of other investors who have different risk tolerance, time horizon, and preferences.
- Dalio also acknowledges the challenges and risks facing China, such as the wealth gap, high debt levels, a "100-year storm", but he downplays their significance and impact. He suggests that China is about to embark on a "beautiful deleveraging" process, which implies that the Chinese government and central bank will successfully manage the debt problem without causing major disruptions or crises. However, this assumption is based on his faith in the Chinese leadership and their ability to implement effective policies and reforms, which may not be shared by others who have doubts about China's political stability, transparency, and accountability. Moreover, Dalio does not address the possible external shocks or geopolitical tensions that could affect China's economy and markets negatively.
- Dalio also ignores the possibility of a more severe and prolonged global recession due to the coronavirus pandemic, which could have adverse consequences for China's exports, trade, and growth prospects. He seems to be overly optimistic about the global recovery and the resumption of normal economic activities, which may not happen soon or smoothly. Furthermore, Dalio does not consider the implications of the increasing tensions between China and other major powers, such as the US, which could escalate into a full-blown trade war or even military conflict, with dire consequences for the global economy and markets.

Based on Ray Dalio's perspective, it seems that he is bullish on China despite its challenges. He believes that the time to buy is when everyone hates the market and it is cheap, which is the case for Chinese equities now. He also mentioned a potential "beautiful deleveraging" by the economic leadership, which could be a positive factor for the market. However, there are some risks involved in investing in China, such as the ongoing trade war with the US, the coronavirus pandemic, and the political tensions between Hong Kong and mainland China. These factors could negatively impact the Chinese economy and stock market in the short to medium term. Therefore, a potential investment strategy would be to buy Chinese equities at a low price, but also diversify the portfolio with other assets and markets to hedge against these risks.