400 867 2009
当前位置: >> 服务规范 >> 服务标准



Supply-side structural reform

General Secretary Xi Jinping emphasized the importance of "supply-side reform" at the 11th meeting of the Central Leading Group for Financial and Economic Affairs on November 10, 2015. At present and for the foreseeable future, China will face a number of issues in its economic development in both supply and demand, but mostly on the supply side. 

The ultimate goal of supply-side reform is to meet demand by improving quality through further reform. In order to meet demand, we must have a clear sense of market changes and understand the present and potential demand so that products can be made available through unleashed and increased productivity to meet the growing material and cultural needs of the population. In order to improve the quality of supply, we need to increase effective supply through a systemic improvement on the supply side so that ineffective supply is weeded out and supply is structured in a way that can effectively meet demand. 

The fundamental approach to achieving this goal is deeper reform. Institutions must be put in place to allow the market to play a decisive role in the allocation of resources. Further reform is also needed with the administrative management system in order to break up monopoly and maintain a healthy factor market so that the price mechanism can truly serve as a guide for resource allocation. Structural reform on the supply side is designed to address overcapacity, reduce inventory, deleverage, lower costs, and tackle areas of weaknesses. 

In order to resolve supply-side problems and generate constant driving forces for sustained and healthy economic growth, a number of policy measures are needed, especially those that aim to encourage innovation, growth in the real economy, and improved living standards.

  0571-88272987   88272986
浙公网安备 33010802003197号  浙ICP备15039916号