The World Bank (WB) predicted that the Chinese economy will grow 9.5 percent year on year in 2010, with a shift from government-led investment to a mix of solid consumption, recovered exports and stable investment.

"Despite the global recession, China's economy grew 8.7 percent in 2009, and the growth momentum continued in the first months of 2010," said the WB's latest China Quarterly Update, a regular assessment of China's economy.

The WB suggested more flexibility in China's implementation of its fiscal and monetary policies, given the remaining uncertainty about the world economy.