The Traderszone Network

Published in TZ Latest News 15 October, 2015 by The TZ Newswire Staff

China economic growth seen slowing despite policy easing

China’s economic growth is expected to slow to 6.5 percent in 2016 from an expected 6.8 percent in 2015, even as the central bank eases policy further to ward off a sharper slowdown, a Reuters poll showed. A 25-basis-point reduction in benchmark interest rates and another 50 basis points of cuts in banks’ reserve requirement ratio (RRR) are expected by year-end, analysts surveyed by Reuters said. The central bank is expected to cut reserve requirements by a further 150 bps in 2016 but keep interest rates unchanged, the poll showed.