China Construction Bank says economy faces large downward pressure this year

$A Chinese national flag flies in front of the China Construction Bank (CCB) Tower at Hong Kong\\'s business Central district December 26, 2014. Reuters REUTERS/Tyrone Siu (CHINA - Tags: BUSINESS CITYSCAPE) - RTR4JH1Z , Reuters Images$

A Chinese national flag flies in front of the China Construction Bank (CCB) Tower at Hong Kong's business Central district December 26, 2014. Reuters REUTERS/Tyrone Siu (CHINA - Tags: BUSINESS CITYSCAPE) - RTR4JH1Z
Reuters Images

CCB-RESULTS/ (URGENT):China Construction Bank says economy faces large downward pressure this year

Ziyi Tang and Engen Tham, Reuters News

August 31, 2022

PHOTO
A Chinese national flag flies in front of the China Construction Bank (CCB) Tower at Hong Kong's business Central district December 26, 2014. Reuters REUTERS/Tyrone Siu (CHINA - Tags: BUSINESS CITYSCAPE) - RTR4JH1Z

China Construction Bank said on Wenesday the Chinese economy faces fairly large downward pressure this year.

The comments were made by Zhang Jinliang, president of CCB in a press conference following half year earnings results yesterday. (Reporting by Ziyi Tang in Beijing and Engen Tham in Shanghai, Editing by Louise Heavens)

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