China is targeting an 8% GDP growth this year, down from 2003's 9.5%, China's central bank said in its fourth-quarter monetary report, signaling it would continue its measures aimed at cooling the economy. The bank says it expects China's fixed-asset investment growth to rebound and inflation to accelerate due to raw material cost increases. The central bank will aim to control money supply through a combination of bank deposit reserve requirements and open-market operations, seeking to limit inflation to 4% this year.
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