China can sustain an annual GDP growth of 8% over the next three decades and by 2030 will not only have completed its transition to a full market economy, but will be the world's largest, according to Justin Lin Yi-fu, professor and founding director of the China Centre of Economic Research at Beijing University.
But that assumes an overvalued stock market does not spin out of control, he warns.
Lin has helped advise Beijing on its 10th five-year plan and has received the Sun Yufang Prize, China's highest honour for economics.
The success of China's average 9.5% annual growth rate since 1979 has recently made authorities jittery about whether they can sustain this performance, he...
