Financial news

China enjoys strong economic resilience: Central bank

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Via China Daily

Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, Oct 8, 2018. [Photo/IC]

BEIJING — China’s economy still enjoys strong resilience despite increasing downward pressure, according to the country’s central bank.

Many Chinese households are saving more, the business community is vibrant and there are well-functioning major financial institutions and ample policy tools, the People’s Bank of China said in a report on financial stability.

The PBOC would improve financial supply’s flexibility and coordination in serving the real economy while forestalling financial risks, the report said.

 


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