China Urged to Continue Reforms for Growth.

HONG KONG -- With China preparing for a leadership change in late autumn and facing a longer-term contraction of its labor force, a flurry of reports is suggesting that the country needs to continue moving ahead with economic reforms, and in some cases confront entrenched interest groups like the powerful state-owned enterprises. On Thursday, China's central bank issued a detailed outline of a report calling for the country to ease some restrictions on investing elsewhere over the next three years, a move that would allow Chinese to take greater advantage of Western assets whose values have been depressed in the long economic slowdown. The report also suggested removing some limits on foreign buyers interested in Chinese stocks, bonds and real estate over the next 5 to 10 years. [ABSTRACT FROM PUBLISHER]