China enjoys strong economic resilience: Central bank

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.