The Traderszone Network

Published in TZ Latest News 25 October, 2015 by The TZ Newswire Staff

China leaders meet to discuss financial reforms, economic growth

BEIJING/SHANGHAI (Reuters) – China’s ruling Communist Party opened a key meeting on Monday that will focus on financial reforms and how to maintain growth of around seven percent and more broadly map out economic and social targets for the next five years. China cut interest rates for the sixth time in less than a year on Friday. Monetary policy easing in the world’s second-largest economy is at its most aggressive since the 2008/09 financial crisis, as growth looks set to slip to a 25-year-low this year of under 7 percent.