The IMF said on September 20 China's economic growth was expected to grow at 9.5 percent this year and 9.0 percent in 2012, slowing down from 10.3 percent in 2010.

Investment growth had decelerated with the unwinding of the country's fiscal stimulus, but it remained the principal contributor to growth, said the IMF in its latest World Economic Outlook.

Although inflationary pressure persisted, property price inflation and credit growth had softened from recent record levels due to efforts to withdraw credit stimulus, the report said.