China, India set for slower growth as inflation looms

FRANCE: China and India are set for slower but robust economic growth this year although sharply higher inflation looms as a key threat amid soaring global food and oil prices, the OECD said Wednesday.

China will grow 10 percent against 11.9 percent in 2007 as exports slip amid a world slowdown and anaemic US expansion, the Organisation for Economic Cooperation and Development (OECD) forecast in its biannual Economic Outlook.

India's expansion will fall to 7.8 percent in 2008 from 8.7 percent the previous year, partly due to higher interest rates, said the report from the grouping of 30 industrialised nations, which does not include the two Asian giants. "Growth in the emerging markets, while moderating, remains strong, especially in China," the report said.

Paris, Wednesday, AFP