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
...
朝阳县| 敦煌市| 阿拉善盟| 鄯善县| 白朗县| 水城县| 永顺县| 高平市| 定边县| 揭阳市| 响水县| 镇坪县| 莲花县| 伊宁县| 张家界市| 浦东新区| 游戏| 忻城县| 磴口县| 彭山县| 镇江市| 纳雍县| 鄂伦春自治旗| 资溪县| 永寿县| 柳河县| 加查县| 乌兰察布市| 疏勒县| 万载县| 荣昌县| 中西区| 建宁县| 西林县| 且末县| 浦东新区| 潮安县| 洛南县| 曲沃县| 射阳县| 寿光市|