China to 'lead global economic growth'

China will lead the rise of the global economy and sectors related to energy, and consumption in the country has great investment potential, a senior executive at private equity company Warburg Pincus said on Thursday.

"There will continue to be the great rise of the emerging markets," said Charles Kaye, co-president of Warburg Pincus LLC, at a forum held by AVCJ Group Ltd.

"While China and India, each with over 1 billion people, have led this rise, other countries, representing several billion more people, are joining the process."