Chinese growth "low quality" says vice-governor

In a candid speech, the vice governor of the People's Bank of China, Wu Xiaoling, raised some question about the foundations of China's economic growth.

Speaking at a macroeconomics forum held at the People's University in Beijing, Wu pointed to five factors hindering sustainable growth in China. Top of the list were environmental costs of development and natural resource constraints.

In addition, Wu criticised government price controls, warned that social security and welfare provision were