The World Bank said Thursday China's economy is expected to grow by 9.3 percent in 2005, and will slow down to 8.7 percent next year.

According to a quarterly update by the bank on China's economy, China's consumer price index is projected to remain at low level.

With domestic demand driving growth again, a decline in the current account surplus is expected in 2006 after a projected record surplus of over 6 percent of the country's gross domestic product in 2005, according to the report.

(Xinhua News Agency November 3, 2005)