"China alone is going to contribute a fourth of global growth, which will reach a scant 4 percent," the economist said.

China, Lin said, will transform itself from a medium-income country to a more urbanized high-income country in the next 25 years, and that process is what will give it an edge over the world's developed nations.

"They already have leading industries and infrastructure, and have completed the process of urbanization," Lin said. "That's what distinguishes China from high-income countries: it has more opportunities for investment, especially in infrastructure building, urbanization and environmental protection."

"The investments they will make in China will generate more jobs and higher income, which will ensure greater consumption," Lin said.

That news is particularly good for Argentina, which last year exported some $4.5 billion worth of foodstuffs to China, according to the daily.