Geopolitical tensions sparked concerns that tighter oil and food supply could further inflame already elevated global inflation.
The number of high-risk banks is expected to decline to less than 200 at the end of the 14th Five-Year Plan period (2021-2025).
According to a senior economist, 2022 will likely see a new supply shock that would jack up domestic prices.
The sanctions target nearly 80% of all banking assets in Russia.
The writer says a new chapter in geopolitics and economics will unfold.
The value-added output of the manufacturing sector in 2021 increased 9.8 percent year-on-year to 31.4 trillion yuan
Experts expect the 2022 GDP growth target at be set at around 5.5% when leaders convene for the annual "two sessions" in March.
Singapore had earlier projected that its GDP would grow by 3-5% in 2022, with core inflation to come in between 2-3%.
The move aims to keep month-end liquidity in the banking system stable, the central bank said.
Sanctions on Russia come at an awkward time for Thailand which holds the chair, but foreign ministry officials said the crisis will not affect Apec.