BEIJING (Reuters) - 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. "There are increasing downward economic pressures and the problem of excess capacity is worsening," Zhang said. ...
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