China's comprehensive reform portfolio, if implemented adequately, can bring the nation another two decades of high economic growth, a senior economist said on Thursday.

"China will further boost its economic growth, which used to rely on an ample supply of cheap labor, through structural reforms," Cai Fang, director of the Institute of Population and Labor Economics of the Chinese Academy of Social Sciences, told China Daily on the sidelines of the ongoing Davos forum in Switzerland. "I believe China can maintain another two decades of high economic growth through completely unleashing its reform dividends."

Cai said that he agreed with Justin Lin, another famous Chinese economist from Peking University and former chief economist of the World Bank, when Lin said that China will see average annual growth of 8 percent in the coming 20 years.