The Organization for Economic Co-operation and Development has released data that predict the economic growth in China to slow down to 8% next year, as a result of higher energy costs and government measures designed to keep the economy from overheating.

 

GDP growth is forecast to pick up to hit 8.5% in 2006.

 

In 2004 GDP growth will remain at about the level comparable to 2003 and achieve 9.1%according to the OECD release.

 

"Companies appear to have found ways to moderate the impact of the administrative actions and output growth has recovered sharply," the OECD said. Inflation is forecast to be at 4.2% this year and ease to 4.0% in 2005 and 2006.