China to Employ Easing Monetary Policy 2016, SMM Reports at Copper &Aluminum Summit

Published: Mar 17, 2016 16:12

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World’s economic growth is expected to improve in 2016, and money liquidity in China will remain sufficient over the year, Tao Dong predicts at 2016 SMM Copper&Aluminum Summit from Mar. 16-17.

SHANGHAI, Mar. 17 (SMM) – World’s economic growth is expected to improve in 2016, and money liquidity in China will remain sufficient over the year, Tao Dong predicts at 2016 SMM Copper&Aluminum Summit from Mar. 16-17.

“Global economy is expected to grow at 2.6% in 2016, up slightly from 2015,” said Tao Dong from Credit Suisse at the summit in Shanghai.

In 2016, China will take an easing stance over its liquidity supply, and the service industry will be taking a more important role in its growth in the future, Mr. Tao told the attendees at the summit.

“The US Federal Reserve is expected to raise its interest rate twice this year, in June and December, respectively, and this will continue to support the dollar,” Mr. Tao added.

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