Asian Economies Set to Continue Growth Says OECD

Asian economies, including China, should continue to show solid growth over the next two years and Beijing should let the yuan appreciate further to tackle problems caused by its current account surplus, the OECD says.

"The ongoing boom in non-OECD Asia should continue to provide an important impetus to the Australian, Korean and New Zealand economies," the Organisation for Economic Co-operation and Development said in its twice-yearly economic outlook.

Australia, New Zealand and South Korea are all members of the Paris-based think tank. China is not but is included in the report because of its growing importance in the global economy.
The OECD said economic growth in China was likely to stay above 9.0 per cent in 2006 and 2007, increasingly driven by domestic demand.

Read more here.