The World Bank has raised its 2010 economic growth forecast for China to 9.5 per cent from 9 per cent. It said consumption by both businesses and households would grow strongly, even though government stimulus measures were being pared back. But the bank warned that Beijing needed to cool inflation and try to cut the risk of a bubble in property prices. It urged China to let its currency appreciate to contain prices and to stop the economy overheating. In a quarterly update the World Bank said strengthening the exchange rate can help reduce inflationary pressures and rebalance the economy.