www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / View

How to win the tough battle of the structural reform

By Wen Sen (chinadaily.com.cn) Updated: 2015-12-31 13:24

How to win the tough battle of the structural reform

The supply-side reform will be led by a series of policies to improve public service, environmental protection, quality of production and further opening-up to the global economic system.[Photo/China Daily]

The just-concluded Central Economic Work Conference has laid out an economic blueprint for 2016. The most notable point of the conference is that strengthening and pushing up the structural reform will be next year's focus, which shows a crucial turn in the macroeconomic policy.

Strengthening the development logic under the "new normal"

Recently, the new economics of supply has become a hot topic in the economic theory field after undergoing comprehensive analysis and interpretation. Such research is targeted given the current situation and produces many valuable observations.

In fact, there's no absolute answer as to when to adopt more demand management or more supply management and how the government adjusts policies through balancing demand and supply under an economic cycle. It depends completely on the changes in the economic environment and on the needs of the production factor allocation.

In the past two or three decades, China's double-digit growth is because it unleashed huge development vitality by means of its second mover advantage in the catch-up and its comparative advantage in production factors. But now as China become the world's second largest economy and all kinds of production factors are deeply integrated with global economy, great changes have taken place in both national and international level.

The era of "factor dividend" has come to an end when fast economic growth was driven by low labor cost, low land cost and low capital cost. It is necessary for today's China to stride over the middle income trap and overcome the growing pains amid economic slowdown.

In order to meet the challenges in various profit games and prepare for the turning point of economic growth, we must accelerate the transformation of development mode, focus on the innovative drive, optimize configuration of resources, reshape the industrial structure and improve the total factor productivity to further release dividends of institutional reform to ensure a sustainable and healthy development of China's economy.

If we refer to China's development issue over the past three decades, as "for whom to produce". At present when China's economy is under the new normal, we must have a good planning on "what and how to produce". This is the basic logic of today's China's economy. It focuses on enhancing the structural reform on the supply side while moderately expanding aggregate demand and revitalizes the extending capital through correcting the distortion of factor allocation.

We should improve the quality and efficiency of the supply system through increasing the investment validity and expanding effective supply. We should speed up cultivating new growth engine, reform and improve the traditional comparative advantage, increase the total factor productivity and enhance the momentum for sustainable growth through improving the flexibility of the supply structure.

Therefore, the Central Economic Work Conference has stressed that, to promote the structural reform on supply side is a big innovation under the new normal, a proactive selection faced with competition on comprehensive national power after the international financial crisis and an inevitable requirement to conform to the new norm of China's economic development. It is a very crucial decision strategically made according with the times.

Realizing "five drops" and "five increases"

The year 2016 is the first year in the decisive stage to build a comprehensive well-off society. The Central Economic Work Conference has also stressed that next year will be crucial to promote structural reform.

Centering on a series of important tasks of strengthening the structural reform, the conference has made it clear on the economic blueprint in 2016, which includes steady macro policies, targeted industrial policies, flexible micro policies, effective reform policies and supportive social policies. The combination is very crucial for the implementation of coordinated policies.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品日本一区二区不卡视频 | 欧美精品日日鲁夜夜添 | 国产日产亚洲系列首页 | 美女又黄又www | 成人国产欧美精品一区二区 | 最新欧美一级视频 | 国产成人黄网在线免 | 在线日本视频 | 国产精品高清一区二区 | 亚洲欧美第一 | 成人午夜精品 | 亚洲精品美女在线观看播放 | 岛国伊人| 亚洲黄色美女视频 | 欧美特黄一区二区三区 | 免费一级a毛片免费观看欧美大片 | 亚洲午夜大片 | 九九在线视频 | 日本特一级毛片免费视频 | 九九99九九视频在线观看 | 性一级片 | 成人国产网站 | 国产成人三级经典中文 | 在线观看国产情趣免费视频 | 黄色毛片国产 | 久久久久欧美精品观看 | 欧美在线视频观看 | 99精品视频在线观看 | 久久精品亚洲精品一区 | 欧美黑人xxxxxxxxxx | 高清在线观看自拍视频 | 精品欧美小视频在线观看 | 亚洲国产精品免费在线观看 | 国产在线爱做人成小视频 | 色在线免费视频 | 亚洲精品国产成人7777 | 亚洲男人网 | 另类视频欧美 | 国产区精品在线 | 欧美另类视频一区二区三区 | 尤物蜜芽福利国产污在线观看 |