BEIJING: China's financial system will continue to improve its ability to serve the real economy, according to a report from the State Council. The report on financial work was submitted on Saturday to lawmakers for deliberation at the ongoing session of the Standing Committee of the National People's Congress. China’s financial system will continue to improve its ability to serve the real economy, according to a report from the State Council. XINHUA PHOTOSince the fourth quarter of 2022, the financial system has precisely and effectively implemented a prudent monetary policy, provided stronger support for the real economy, and ensured the smooth operation of the financial market, said the report. The financial system will also back up infrastructure and the construction of major projects and will prop up support for real estate firms to ensure the delivery of housing projects, it added.
