World Bank, others see GDP expansion

International organizations and investment banks have remained upbeat about China's economic growth prospects, with analysts saying the country is set to achieve its annual growth target.

The World Bank said in a report on Sunday that China's year-on-year GDP growth will reach 6.5 percent, unchanged from its prediction in January. China's fiscal support will offset the impact of its tightening monetary policy stance on grow-th and the country will contain financial risks, according to the World Bank. It said China will encourage its economy to tilt toward consumption to expand.

China had set a GDP growth target of about 6.5 percent for the year. It achieved a higher-than-expected 6.9 percent GDP growth in the first quarter. Recent indicators, such as the purchasing managers index, a gauge of business conditions and economic health, also showed that growth remained steady in May.