CHINA'S State Planning Commission expects the country's gross domestic product (GDP) to rise 9.8 per cent this year, with the fourth quarter maintaining reasonable growth. The commission drew the conclusion on the assumption that the government would not loosen its tight monetary policy, according to the China Securities News. Although there was underlying pressure for expansion, the economy was approaching the state growth target. The economy grew 11.8 per cent last year, and recorded an increase of 9.8 per cent in the first three quarters and 10.3 per cent for the first half of this year. The commission expected industrial value-added output to rise 13.2 per cent this year. Fixed asset investment would rise 18 per cent, down 13 percentage points. The retail price index would rise only 10 per cent in the fourth quarter, and meet the official target of 15 per cent for the full year.