How to deepen supply side structural reform to stimulate the vitality of economic growth

Legal analysis: While moderately expanding aggregate demand, efforts should be made to strengthen supply-side structural reforms, focus on improving the quality and efficiency of the supply system, enhance the momentum of sustained economic growth, and promote the overall leap in the level of China's social productivity. After that, the state, the financial office has emphasized that in the context of China's economy entering the new normal, to promote the structural reform of the supply side, is a necessary policy and ideas, to strengthen the specific implementation of the supply side reform has also become an important task of the "13th Five-Year Plan" economic development.

Legal basis: Article 1 of the Outline of the 13th Five-Year Plan for National Economic and Social Development of the People's Republic of China promotes the transformation of kinetic energy. From factor-driven to more innovation-driven, many of the 165 major projects reflect this requirement.

To achieve innovation-driven, human capital is first needed, that is, talents, so the column emphasizes the all-round development of people, the accumulation of human capital, and the improvement of labor quality. At the same time, we pay special attention to the leading role of scientific and technological innovation in innovation-driven, so scientific and technological innovation is very prominent in the column. Columns such as scientific and technological innovation, major projects of educational modernization, talent projects, and labor quality improvement projects are all aimed at optimizing the allocation of capital and labor, improving innovation capabilities, and accelerating the transformation of new and old kinetic energy.

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

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 and flexibility of the supply structure to changes in demand, improve total factor productivity, better meet the needs of the broad masses of the people, and promote sustained and healthy economic and social development.

Article 15 of the Constitution of the People's Republic of China stipulates that the State implements a socialist market economy. The state has strengthened economic legislation and improved macroeconomic regulation and control. The State prohibits any organization or individual from disrupting the social and economic order in accordance with law.

Legal Analysis: 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.

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

Legal basis: Article 15 of the Constitution of the People's Republic of China The State implements a socialist market economy. The state has strengthened economic legislation and improved macroeconomic regulation and control. The State prohibits any organization or individual from disrupting the social and economic order in accordance with law.

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 and flexibility of the supply structure to changes in demand, 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 optimize 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.

The market economy is the market plays a fundamental role in the allocation of resources, the law of the market is the invisible hand of the market economy, and the reform of the supply side is to correctly handle the relationship between the market and the market, and act according to the law of the market. The goal of the state's macroeconomic regulation and control is to stabilize prices, promote employment, promote healthy economic development, and achieve a balance between social supply and aggregate social demand. Carrying out supply-side reform is conducive to improving scientific macroeconomic regulation and control, expanding domestic demand, stimulating economic growth, and promoting the supply side, as well as promoting economic development.

Production determines consumption, and the realization of supply-side reform is conducive to better developing production, ensuring supply, changing the mode of production, and adjusting the industrial structure. The scientific concept of development requires comprehensive coordination and sustainable development, and we must take the transformation of economic development mode as the main line and adjust the industrial structure as the breakthrough point.