The Chinese economic growth rate is expected to slow down slightly in 2007, revealed a report released by the World Bank. The report concluded that a slight fall in export growth of China will eventually resulted in a little sluggish economic growth rate. Focusing on quarterly update, the report outlined that the expected growth is to be around 9.6 percent against 10.6 percent growth rate in 2006. The report however, contradicts speculations that suggest the economy growth of china will be continued to mark double digit rate. The World Bank in its report said that export growth is likely to decline to 20 percent from 24 percent recorded in 2006. In the meanwhile, an official data suggest that Chinese consumer inflation decelerated in January to an annual rate of 2.2 percent against 2.8 percent rise in December last year. While acknowledging that the export demand prospect will remain solid in the current year, but emphasized that it will be less buoyant compared to 2006. The report also observed that there are very remote chances that investment in China will be declined sharply, indicating that the country would keep attracting robust foreign capital investment as the consumption is expected to grow solidly. However, inflation still remains a major concern in the Chinese economy, which till now Chinese economy was capable of absorbing with slight difficulty. Experts have said that the month-on-month inflation of 0.7 percent is continuously pressurizing China’s central bank to increase interest rates.