China's annual economic growth is likely to accelerate to 8.2 percent in 2014 from an expected 7.7 percent this year, driven by stronger domestic demand, the OECD said on Tuesday.
"Growth is picking up and inflation remains low, domestic demand has led the turnaround," the Organisation for Economic Co-operation and Development said in its latest report on the global economic outlook.
The OECD outlook was rosier than a recent Reuters poll that showed China's economic growth could slow to 7.4 percent in 2014 from an expected 7.6 percent this year - the weakest in 14 years.
"There are also downside risks, notably stemming from local public debt. Mishandled defaults, were they to occur, might jeopardise the health of the banking system and confidence in capital markets," it added.
Source: Reuters
