China central bank defends financial system stability after IMF, World Bank assessments

BEIJING — China's central bank Thursday expressed its confidence about the country's financial system stability, after the International Monetary Fund (IMF) and World Bank pointed out potential risks in the system in several assessment reports.

The People's Bank of China said the reports have fully acknowledged China's achievements in recent economic and financial reforms, but there are "a few descriptions and views in the reports that we don't go along with."

"The descriptions of the stress testing did not fully reflect the outcomes of the test," it said on its website.