The OECD has raised its predications for the growth of the Chinese economy to 8.3 percent from 7.7 percent in June.
Last quarter, a US$1.3 trillion credit boost lifted the economy to its fastest growth in a year, pushing house prices to their highest levels in more than a year and driving the Shanghai Composite Index up 82 percent.
An abundance of bad loans and the yuan's peg to the United States dollar must be reassessed to regulate growth, the OECD says.
Source: Bloomberg and the China Economic Review
