The World Bank has praised China's recent moves to control excessive lending. The organization says this is the best way to tackle rising inflation pressures and the simmering threat of asset bubbles.

In the meantime, World Bank economist, Ardo Hansson, is suggesting that the country must do more to control the income gap between rich and poor. He says "everybody is benefiting tremendously" from China's continued economic strength, but adds that "the gap is widening" between the nation's rich and poor.

The World Bank also has a warning about a particularly important market issue. It says the risk of an asset price bubble is much higher than that of inflation. The body suggests that the central banks of all countries should pay more attention to this issue, and strengthen international cooperation.

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