In its report, the World Bank announced that Chinese financial system would expand 9.5% during the existing year.

Ardo Hansson, the World Bank lead economist for China, stated, "In 2010, government-led investment is bound to decelerate, while exports are likely to continue to recover amid a pick up in the global economy, and consumption would remain solid."

In spite of the worldwide slump, Chinese economic system grew 8.7% during the last year.

The growth momentum continued in the first months of 2010.

The World Bank discovered that huge investment-led stimulus was the key driving force in bolstering the financial system in 2009.

However, the World Bank admonished that Beijing required to cool inflation and try to slash the risk of a bubble in property costs.

It urged China to permit its currency appreciate to contain prices and to prevent the economic system overheating.

"Strengthening the exchange rate can help reduce inflationary pressures and rebalance the economy," the World Bank said. (With Input from Agencies)