Beijing should ease money policy in 2016, says official Chinese think-tank
National Development and Reform Commission urges cutting interest rates and reserve requirement ratio
Beijing
CHINA's economy in 2016 still faces relatively large downward pressure and the speed of economic growth may fall further, said a top planning body's think-tank, recommending more monetary policy easing, the Economic Daily reported on Sunday.
The National Development and Reform Commission's (NDRC) think-tank recommended that China's government continues to cut interest rates and banks' reserve requirement ratio to bolster flagging growth in the world's second largest economy.
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