World Bank Urges China to Cool Its Economy

BEIJING--The World Bank on Wednesday urged China's government to take more measures to cool its economy and head off inflation, as the bank expects the country's economic growth to accelerate to 9.5% this year.

In its latest China Quarterly Update, the World Bank raised its forecast for China's economic growth this year from the 8.7% increase the bank projected in November and suggested Beijing use rate hikes and a stronger yuan to avoid inflation and the formation of asset bubbles in the domestic property market.

The suggestions come as Beijing has been gradually exiting from the stimulus measures put in ...