China's Central bank warns of growth pressure as sluggish investment weighs

The report signals that the central bank remains committed to a targeted, constrained approach toward easing despite increasing economic risks

China’s central bank said it will “increase counter-cyclical adjustment” to ward off downward pressure on the economy, while staying vigilant on the possibility of widespread inflation.

The economy faces difficulties as investment growth slows and industrial production remains sluggish, the People’s Bank of China said in its third-quarter monetary policy report released Saturday. The central bank highlighted an increase in challenges from the previous report in August.

“It should be noted that the current external environment is complex, the economy is under rising downward pressure, and some businesses are faced with operating difficulties,” the PBOC said.

The report signals that