PBOC held meeting with major financial institutions, calling for stronger support for economy

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The People's Bank of China (PBOC) on Monday held a meeting with 24 major financial institutions, calling for stronger support for the real economy to tackle growing downward pressure, according to a statement released by the central bank on Tuesday.

Negative domestic and external factors that have exceeded expectations and downward pressure on the economy has intensified, the central bank said."Major financial institutions need to shoulder their responsibilities, make use of all resources . . .

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