China's efforts to resolve financial risks slowed by virus

File pic: Residents wearing face masks lining up for nucleic acid testing at a residential compound in Wuhan recently. — Reuters

BEIJING: China's efforts to resolve risks among high-risk financial institutions have been hampered by slower economic conditions caused by the outbreak of the new coronavirus, the head of a provincial branch of the central bank told Reuters.

The government dropped its annual growth target in its 2020 work report delivered at the open of the National People's Congress on Friday, with Premier Li Keqiang warning that financial risks are mounting in the world's second-biggest economy.