国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

China outlines supply-side structural reform plan

(Xinhua) Updated: 2016-03-07 13:24

BEIJING - China's government work report, presented on Saturday, emphasized strengthening supply-side structural reform through cutting low-end supply while increasing high-end supply and public products and services.

"Appearing in the government work report shows the government's determination," said Liu Zhibiao, an economics professor at Nanjing University, who is in Beijing to attend the annual session of the National Committee of the Chinese People's Political Consultative Conference (CPPCC).

China's three decades of rapid growth were fueled by capital investment, exports and consumption -- usually thought of as being on the demand side. However, supply-side reform aims to increase the supply of goods and services by stimulating business through tax cuts, entrepreneurship and innovation.

While stimulating the demand side tends to be short-lived, supply-side reform is expected to generate sustainable, quality growth.

Wang Yiming, deputy director of the development research center of the State Council, believes China's supply-side reform is an innovation of socialism with Chinese characteristics and is different from Western supply-side economic theories, which were generated when Western economies were bogged down by high inflation and low growth.

He said China's supply-side reform aims to increase innovative abilities and the supply of public products while strengthening policy coordination.

From the supply side, China's relaxed family planning policy, which allows each family to have two children, is expected to add high-quality labor to the market in the future.

Meanwhile, provinces are busy searching for new growth engines.

Northeast China's Jilin province held a work meeting on the service sector last month, aimed at cultivating the sector as a future growth point.

Sun Zhiming, director of the institute of economics of Jilin Academy of Social Sciences, believes the service sector in the northeastern region has development advantages, such as the region's winter tourism industry. Although the short-term investment is big, profits can be generated for the long run. "Besides tourism, the aviation industry, high-end equipment manufacturing and biochemical engineering could all be new growth engines for the northeast," Sun said.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
宜川县| 陵川县| 兰西县| 濮阳市| 汨罗市| 洪湖市| 宝山区| 湘西| 青海省| 平安县| 白玉县| 小金县| 嘉禾县| 玉环县| 满城县| 天柱县| 明光市| 塔城市| 商城县| 北宁市| 云龙县| 桐庐县| 台北县| 奉新县| 定州市| 项城市| 龙胜| 鱼台县| 克东县| 福泉市| 望江县| 青海省| 天台县| 普安县| 繁峙县| 小金县| 武强县| 西峡县| 泸水县| 余姚市| 南乐县|