China, India drive Asia's growth

Regional economic integration has potential for further expansion

BEIJING - Major Asian countries have shown an increasing reliance on the regional economy since the global financial crisis. That has seen a decline in the region's reliance on the United States and the European Union, according to a report released on Wednesday.

China and India's rapid recoveries have served as an engine driving the rest of the region, with both countries having an annual growth rate of about 10 percent, said the annual report from the organizer of the Boao Forum for Asia. The forum's website describes it as the "most prestigious and premier forum for leaders in government, business and academia in Asia and other continents".