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
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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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