China vice-premier says economy faces headwinds

BEIJING: 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, 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.