China enjoys strong economic resilience: central bank

Source: Xinhua| 2019-11-27 21:57:52|Editor: huaxia
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Customers shop in a Costco warehouse store in Minhang District, east China's Shanghai, Sept. 19, 2019.(Xinhua/Liu Ying)

BEIJING, Nov. 27 (Xinhua) -- 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 (PBOC) 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.