Beijing: The World Bank anticipated China's real GDP growth at 9.3 percent this year, revising its previous projection of 8.7 percent.

The Bank had predicted that China's GDP growth would slow to 8.7 percent in 2011 in its last quarterly report released last November.

In the latest China Quarterly Update, it predicted that China's economic growth rate will be 9.3 percent in 2012.

It suggested a fully normalised macro policy stance to address the macro risks with respect to inflation and the housing market.

In a regular assessment of China's economy, the World Bank said that China's economic growth has remained flexible as the macro stance moved toward normalisation and the economic outlook remains favourable.

The global growth outlook has so far been little affected by the higher raw commodity prices and the earthquake in Japan.

Domestically, headwinds from a normalised macroeconomic stance, inflation and somewhat slower global growth is likely to be partly offset by solid corporate investment and a still robust labour market and an expected slowdown in mainstream housing construction should in part be compensated by the government's ambitious social housing construction plans, said the report.

The report predicted another decline in the current account surplus in 2011 with the surge in raw commodity prices.

However, whether the trend toward a lower external surplus and lower dependence on external trade will be sustained remains to be seen, a agency quoted the report as saying.

The report finds that inflation should moderate eventually with food price increases slowing and core inflation remaining in check, given quite a bit of adjustment to the macro stance already.

(Agencies)