WASHINGTON, Jan. 27 (AFP) – Asia's developing economies are seeing acceleration in 2010, led by an expected 10 percent growth rate by China, the IMF forecast Tuesday as the region recovers swiftly from a global downturn.

The International Monetary Fund allayed markets concerns about immediate risks to China's growth as Beijing moved to tighten liquidity amid soaring inflation and record high bank lending.

In its World Economic Outlook update released Tuesday, the Washington-based fund said Asian developing economies were set to grow at an average 8.4 percent this year as well as in 2011, compared with 6.5 percent in 2009.

China, the traditional global growth driver, was likely to post 10 percent growth this year, the IMF said, raising by one percentage point its 9.0 percent forecast made in October.

But the fund said growth in the world's most populous nation could slow to 9.7 percent next year. China's economy expanded 8.7 percent in 2009.

Chinese gross domestic product, a broad measure of a nation's goods and services output, returned to double-digit growth in the fourth quarter of 2009 at 10.7 percent, Chinese authorities said last week.