China Development Research Foundation   |  APP Download   |   中文   |   Register   |   Login
Time:March 18-20, 2017
Beijing Diaoyutai State Guesthouse
Sponsor:Development Research Center of the State Council
Organiser:China Development Research Foundation
CDF WeChat
CDRF WeChat
CDRF Weibo
Q&A
Background Paper CDF Engagement Initiative
Back Background Paper List>

【Yu Bin,Wu Zhenyu】Macroeconomic Environment and Conditions for Supply-side Structural Reform

Abstract


The Central Economic Working Conference held at the end of 2016 pointed out that the outstanding conflicts and problems facing the current economic situation of China, though partly affected by periodicity and quantitative factors, were rooted in the major structural imbalance. In recent years, as the economic development enters the new normal, the demand side has seen a substantial decline in growth rate and obvious changes in its structure, while the supply side is adjusting slowly due to multiple factors, resulting in supply-demand imbalance and instability of economy. The Chinese economy can remain steady on the new platform of medium- to high-speed growth only if we further the supply-side structural reform, remove institutional obstacles that constrain the supply-side adjustment, and strike a balance between supply and demand in terms of total quantity and structure.

 
Download attachments: Macroeconomic Environment and Conditions for Supply-side Structural Reform.pdf