World Trade Centers: China's urbanization will drive growth

With sluggish growth in major developed countries, China and other emerging economies will continue to have a more influential role in the global economy, a top executive with the World Trade Centers Association said.

"Obviously, China is going to play a major role to help recovery of the world economy. I am quite hopeful for the future of China," said Eric Dahl, chief executive officer of the WTCA.

Favorable factors including innovation, rising investment and deepening reform will play big roles in the country's sustainable economic performance in the future, according to Dahl.