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China's consumer inflation picked up more than expected in August, mainly driven by food price increases due in part to seasonal factors.

China's economic performance index ranked second among the economies surveyed. The country managed to create more than 13 million urban jobs for four consecutive years, despite downward pressure. The registered unemployment rate in Chinese cities stood at five percent over the past four years.

China's expertise, especially China's experience in successfully carrying out national reforms, is very needed worldwide, he said.

China's consumer price index, a main gauge of inflation, rose 3.8 percent year-on-year last month, driven by soaring pork prices, which rose 101.3 percent year-on-year in October, contributing to nearly two-thirds of the CPI growth.

China's higher interest rates mean the nation is in a better position of "not having to print money," Dalio said, adding people are going to see the internationalization of the renminbi.