PARIS, Nov. 9 (Xinhua) -- China has maintained growth momentum and will continue to see higher growth in coming years, but it also faces challenges and needs to mull over "how to sustain a relative high rate of growth," said Angel Gurria, Secretary-General of the OECD, in an interview on Friday.
Gurria's remarks came as he inaugurated the OECD's first long-term economic forecast report on global growth over the next 50 years.
He said the largest and fastest-growing emerging economies fully assume a more prominent place in the global economy, with China and India being the principal engine in the drive. The two countries' growth has dramatically shift the balance of economic power, and change the composition of the global economy.
Gurria estimated that China's growth would be at 7.5 percent to 7.7 percent this year, and could expect "a higher growth in 2013 and even higher growth up to 8 percent in 2014," adding that it would maintain at this rate for fifty years.
China emerges in the new OECD forecast report: "Looking to 2060: Long-term global growth prospects" as the strongest economic growth power.
"In our study, we find that emerging economies, including China and India, will experience faster growth than more mature economies," said Asa Johansson, an OECD economist and the team leader of the report, in an exclusive interview with Xinhua.
"These countries will gradually catch up with the income levels of leading economies due to spreading out of best practices in product and labor markets, but also in catching up with technology in the leading economies."
"Currently, emerging economies have a lower level of technology and also a lower level of skills, so they have a greater scope for catching up, building up productivity and skills, therefore, they grow faster than more mature economies," she explained.
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