China enjoys strong economic resilience: Central bank

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.