The biggest challenge for China in............>

CHINA: The biggest challenge for China in maintaining economic growth is

managing the shift from old to new economic driving forces, Huang Yiping, an

academic and a member of the Monetary Policy Committee of the People's Bank of

China, said Wednesday during the Caixin Summit, an annual gathering of business,

political and academic leaders. Administrative methods used to reduce lending

costs of companies have not achieved "a good result," and so-called zombie

companies have not been eliminated, dragging the improvement of productivity,

Huang said. The financial sector is still suffering from insufficient

marketization and weak controls over risks, Huang said, adding that China needs

a sound supervisory system to prevent risks in a more precise way.