China's central bank stresses importance of financial support for real economy

BEIJING, June 29 (Xinhua) -- China's central bank on Wednesday said that it will build an effective mechanism to provide financial support for the real economy.

While encouraging financial institutions to step up their issuance of loans to the manufacturing industry, the bank will make solid efforts to stabilize industrial and supply chains, according to a quarterly monetary policy implementation meeting of the People's Bank of China.