OECD predicts double-digit growth for Chinese economy

Paris (ANTARA News/Asia Pulse) - The Chinese economy is expected to grow at above 10 per cent over the next two years, according to the Organization for Economic Cooperation and Development (OECD).

In an annual global survey, the Paris-based group, comprised of the world's top economies, said China's Gross Domestic product (GDP) would increase by 10.4 per cent in 2007 and 2008, with domestic demand set to keep expanding.

It added that the growth rate of the country's exports may decrease due to slower world demand and a stronger Renminbi over the next two years. However, increasing consumption capacity in rural areas and the revitalized real estate sector would rapidly expand domestic demand, the report said.