NDRC head: China to further deepen supply-side structural reforms

China will continue to deepen the supply-side structural reforms to address the economic imbalances and to achieve sustainable growth, He Lifeng, director of the National Development and Reform Commission, said on Sunday.

He, the head of the country's top economic planner, warned about rising financial risks and excessive capital flowing into the property market, which has resulted in surging housing prices in some cities and higher costs for the real economy.

In his remarks at the China Development Forum, the NDRC head vowed that China will continue to properly dispose the non-performing assets, reduce corporate leverage, and to tightly contain excessive credit from flowing into the property sector.