Vice-Premier Zhang Gaoli says economy faces headwinds, urges broad reforms

China’s economy faces more headwinds as it struggles with surplus production capacity and risks to the financial system, a member of the country’s top decision-making body said on Sunday, calling for sweeping reforms, including lessening state control.

Vice-Premier Zhang Gaoli, a member of the highest-ranking Politburo Standing Committee, warned that failure to extend reforms would consign the economy to years of low-quality growth.

via Business feed http://www.scmp.com/business/economy/article/1198674/vice-premier-zhang-gaoli-says-economy-faces-headwinds-urges-broad