China's economy will continue to experience high growth rates over the next 15 to 20 years, according to renowned economists.
Speaking at the 2003 China Economic Growth Forum in Suzhou, Nobel laureate Lawrence Klein said China would continue to grow strongly in the next 20 years but the rate was likely to be closer to 6 or 7 percent rather than the current 8 or 9 percent.
Goldman Sachs (Asia) Managing Director Fred Hu said the economy is backed up by the high proportion of savings deposits and mainly driven by long-term infrastructure investments.
The director of China's National Bureau of Statistics said China would be able to maintain a growth rate of 7 to 8 percent for a total period of 40 years.
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