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China Economic Growth to Quicken to 8.5% in 2013, OECD Says

China’s growth is likely to accelerate this year and next as the world’s second-biggest economy weathers a fragile global recovery, according to the Organization for Economic Cooperation and Development.

“China could maintain high, though gradually easing, growth during the current decade,” the Paris-based organization said in Beijing today. Expansion may reach 8.5 percent this year and 8.9 percent in 2014, the OECD said. The economy may overtake the U.S. in 2016, based on calculations that take price differences into account, it said.