The International Monetary Fund says that a broad-based economic recovery will continue in Asia. But, it also warns that the continent should not ignore the risks of its slightly slower recent performance.

Anoop Singh, MF's director of Asia and Pacific Department, said, "China is playing a very important role in Asia's recovery. As we look at countries that trade with China, there is evidence that those countries that trade more with China have actually recovered faster."

Anoop Singh, the IMF's director of Asia and Pacific Department, says Asia's economic growth will remain at around 7 percent for the next two years. In particular, China's economy will grow by up to 9.5 percent during this period.

Due to high domestic demand and exports, China and India are expected to rank the top two in the Asia.

However, Anoop also says with their growing economies, inflation is also expected to spread, mainly in emerging and developing economies. So, it is necessary for governments to tighten their macro-economic policies.