The People’s Bank of China (PBOC) will step up financial support for the real economy, the central bank Deputy Governor Chen Yulu said at a press conference on Thursday.

At the same presser, Han Wenxiu, a senior official of China's Communist Party China said that they are eyeing new incremental policies to prop up growth and will take steps when necessary.

China aims to implement existing policies in the first half of the year, Han added.