The Three Lions drew 0-0 when the teams last met in January although England were on the wrong end of a 5-1 defeat to the same opposition just three months before.
However, Powell believes that with Japan and Argentina the other two teams in the group, that England can progress.
"I was pleased," said Powell, reflecting on the draw in an interview with FIFA.com. "I think it’s been pretty kind to us. Argentina and Japan are somewhat of an unknown quantity, but we know a lot about Germany having played them so often.
"It could have been a lot worse – I was glad we avoided Sweden and Brazil. But standards are improving in women’s football all the time and I am under no illusions that every game will be challenging. We just need to prepare as well as we can."
The England players have been put through their paces this summer with each maintaining a high fitness level ahead of their departure for China.
Their recent form is good, with two 4-0 wins over Northern Ireland and Iceland confidence boosting results.
Powell, who played in the 1995 World Cup, will be hoping her charges can replicate those performances in the Far East.
"It’s every player and manager’s dream to do well in a major tournament," she said. "This is no exception. Obviously, our first task is to get out of the group – and then anything can happen."
Powell, who scored 35 goals in 66 games for her country, has fond memories of the last time England reached a World Cup.
"Being involved in a World Cup was special," she added. "I used to watch the other teams warm up, how they played and compare their methods to our own.
"Looking back, I think that we’ve learned from that experience, as we’re going to China more prepared than we were for Sweden.
"No-one thing sticks out really - the general sense of excitement we felt before our first game, the sadness we felt at getting knocked out – but for me the lessons I learnt as a player and coach were far more important."