What was the reform before the supply side reform, and what is the supply side reform?

Supply-side reform refers to starting from the supply and production ends, and promoting economic development by liberating productive forces and enhancing competitiveness. Specifically, it is required to clean up zombie enterprises, eliminate backward production capacity, lock the development direction in emerging fields and innovation fields, and create new economic growth points.

Supply-side structural reform aims to adjust the economic structure, achieve optimal allocation of factors, and improve the quality and quantity of economic growth. The demand-side reform mainly includes the troika of investment, consumption, and export, while the supply-side has labor, land, capital, system creation, innovation, and other factors.

Supply-side structural reform is to start from improving the quality of supply, use reform methods to promote structural adjustment, correct the distortion of factor allocation, expand effective supply, improve the adaptability of the supply structure to changes in demand and the activity of the world, improve total factor productivity, better meet the needs of the broad masses of the people, and promote sustained and healthy economic and social development.

Supply-side structural reform is to use incremental reform to promote stock adjustment, optimize the investment structure in the process of increasing investment, open source and drain the industrial structure, and achieve sustainable economic development and continuous improvement of people's living standards on the basis of sustainable and rapid economic growth; It is to optimize the structure of property rights, and promote each other with the advancement of the country and the people, macroeconomic regulation and control, and the vitality of the people.

It is to optimize the investment and financing structure, promote the integration of resources, and realize the optimal allocation and optimal regeneration of resources; It is to improve the industrial structure, improve the quality of the industry, optimize the product structure, and improve the quality of the product; It is to optimize the distribution structure, achieve fair distribution, and make consumption a productive force; It is to optimize the circulation structure, save transaction costs, and improve the effective economic aggregate; It is to optimize the consumption structure, realize the continuous upgrading of consumer goods, continuously improve the quality of people's life, and realize the development of innovation, coordination, green, openness and sharing.

Supply is supply, the supply side is the side that provides the product, and the consumer is the demand side, which is called the "demand side."

What does "supply-side reform" mean, make the simplest analogy, Master Kong, this company knows, in the first ten years how he grew, the product is single, just a few kinds of water, through marketing, first sell Taiwanese, and slowly find that in Taiwan more and more can not sell, he developed the mainland market, eh, sold for several years, the mainland also found that it can not be sold, this is strange, what does this mean, what does this mean, the consumer is the demand side is no problem, there is no large-scale reduction of people, and the quality of people has improved, and still can't be sold. The problem lies in the "supply side", there is a problem with the supply, which means that the company's products are problematic and do not pay attention to the product itself.

Therefore, the enterprise industry should be transformed and upgraded, and if it is not transformed and upgraded, it will be eliminated by the market and completely eliminated, so as an enterprise, you have to increase the investment of labor, capital, land and resources; You have to improve the skills of employees, improve the quality of personnel, and improve management capabilities; Through the education and training system, develop and expand the R&D team and technical team;

** Reforms in this regard include, tax cuts, streamlining administration and delegating powers, etc., through the support of some advantageous enterprises, innovative enterprises to promote the market to speed up the elimination of backward production capacity.