Beijing: The World Bank has boosted its growth forecast for China and said rising inflation should level off but warned Beijing needs to make the economy less reliant on trade to sustain its expansion.
In a quarterly update released Wednesday, the bank said China's politically contentious trade surplus is likely to swell further in 2011, though it cautioned that weak global demand means Beijing shouldn't rely so heavily on exports.
The bank raised its 2010 growth outlook from 9.5 per cent to 10 percent and its growth outlook for next year from 8.5 per cent to 8.7 per cent.
Growth eased in the third quarter to 9.6 per cent from 10.3 per cent the previous quarter as Beijing tried to steer it to a more manageable level.
