China's Supply-side Reform Aims to Boost Domestic Demand and Efficiency
Supply-side reform is a new approach to improve the economy by focusing on increasing the production of goods and services. The researchers found that China's market has high demand but low supply, making it hard to rely solely on policies to boost demand. They suggest that to promote supply-side reform, we need to balance supply and demand, reform the structure of production, and improve the quality and efficiency of goods and services.