Last June China's exports fell at a double-digit pace of 12.4 percent, the country is experiencing record levels of youth unemployment, and some experts are predicting a dramatic market decline.
Ray Dalio also spoke about indebtedness, adding that if the level of indebtedness is high, then it is a problem, but India has a "very low level of indebtedness".
Despite China trialing a scheme to allow people to work beyond their official retirement age, 60 for men and 55 for women, many workers over 35 are already finding it difficult to get work.