"The next China is China" for foreign investors, claimed Joe Ngai, greater China CEO of McKinsey & Company. He said that China's potential for GDP growth puts it at the head of the pack when it comes to pulling in investment funds from overseas.

　　Ngai's declaration came in response to a question he posted online: As global investors and corporations look for growth, everyone is wondering - where's the next China? If you are looking for growth, the answer is very simple. The next China is China, he said.

　　More specifically, he was referring to the potential for GDP growth in China over the rest of this decade, relative to what will be seen in other countries.

　　If China's GDP grows at a conservative two percent annually for the next 10 years, the total cumulative growth will be equal to India's GDP today, Ngai explained. If China's GDP grows at five percent, the total will be equal to India [and] Japan [and] Indonesia today.

　　Ngai added that the number of "higher income" cities, those with GDP per capita higher than 12,695 USD, according to a definition by the World Bank, will reach 93 in China by 2030. That would result in 44 percent of China's population falling under this classification by 2030, he said.