Why should the supply side structural reform be carried out under the new normal of the economy?

Supply-side structural reform refers to the adjustment of the economic structure, so that the optimal allocation of factors can be achieved, and the quality and quantity of economic growth will be improved. 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 distortions in the allocation of factors, 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 high-speed 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; Which to sell 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, improve the quality of people's life without compromise, and realize the development of innovation, coordination, green, openness and sharing.

Legal basis: According to the "Regulations on National Economic Census", the national economic census is conducted once every five years and in each year. This year marks the fourth national economic census.

The Fourth Economic Census is the first major survey of national conditions and national strength carried out after the 19th National Congress of the Communist Party of China, and it is a basic work in the decisive victory in building a moderately prosperous society in an all-round way and starting a new journey of building a modern socialist country in an all-round way. This economic census will comprehensively investigate the scale, layout, and efficiency of the development of the city's secondary and tertiary industries, understand the current situation of industrial organization, industrial structure, industrial technology, and industrial form, as well as the composition of various factors of production, find out the assets and liabilities of all legal entities and the development of emerging industries, further verify the basic situation of various units, the output of major products, and service activities, and comprehensively and accurately reflect the new progress in supply-side structural reform, the cultivation and growth of new kinetic energy, and the optimization and upgrading of the economic structure. By carrying out economic census, we will further consolidate the statistical foundation, promote the acceleration of the construction of a modern statistical survey system, and provide scientific and accurate statistical information support for deepening the supply-side structural reform, scientifically formulating medium and long-term development plans, highlighting innovation and leadership, achieving the requirements of the three more goals, and promoting the high-quality development of the city's economy.

The reasons for promoting supply-side structural reform include achieving higher quality, more efficient, fairer and more sustainable economic development, improving the quality and efficiency of the supply system, and promoting the overall leap in the level of China's social productivity.

1. Achieve higher quality, more efficient, fairer and more sustainable economic development.

Enhance the endogenous driving force of the economy, get rid of the factor drive, change the past mode of relying on large-scale and high-intensity investment of resources and factors to drive economic growth, and shift to improving the efficiency of factor allocation and total factor productivity, so that economic growth can rely more on endogenous power and achieve healthier, more efficient and more sustainable economic growth.

At the same time, we will promote structural adjustment, intensify asset restructuring, promote the orderly and rational flow of factors, and achieve optimal allocation of resources.

2. Improve the quality and efficiency of the supply system, and promote the overall leap in the level of China's social productivity.

On the one hand, it is necessary to reduce ineffective and low-end supply, expand effective and mid-to-high-end supply, and make the supply system better adapt to changes in the demand structure.

On the other hand, we should promote technological innovation, product innovation, organizational innovation, and market innovation through institutional and institutional innovation, accelerate the adjustment of the economic structure and the transformation of the economic growth mode, strengthen the institutional driving force and internal vitality, ensure that the economy operates within a reasonable range, and create a good environment for stable growth, structural adjustment, benefiting the people's livelihood, and preventing risks.

3. To meet the growing material and cultural needs of the broad masses of the people, so that the fruits of economic growth can be enjoyed by all the people.

Implement the people-centered development philosophy, and improve the ability to meet the final needs of society through the reform and innovation of the supply system in the context of the continuous upgrading of the consumption structure.

Measures for structural reform of the supply-side high-level bureau:

1. Promote the transformation of growth momentum, and comprehensively upgrade the real economy with the focus on accelerating the development of advanced manufacturing industry.

What needs to be paid attention to here is the development of advanced manufacturing and the real economy. At present, China is the world's largest manufacturing country, and in order to stabilize this position, it is necessary to prevent a series of risk problems in the middle and back. The real economy is relative to the virtual economy, and it is an industry that can produce goods and services concretely.

There is no way to separate the virtual economy from the real economy in the real society, but if the virtual economy is vigorously developed, then it is likely to trigger a bubble economy and lead to a financial crisis. Therefore, China's economic development focuses on the real economy.

2. Deepen the reform of market-oriented allocation of factors and realize the transformation from winning by price to winning by quality.

The key thing to note here is to convert from ** to quality. In the past, the market-oriented allocation of China's economic development factors was not very standardized and reasonable, and for some enterprises, it was simply market-oriented, without considering their own quality and quality, and did not meet the real needs of consumers.

However, with the continuous improvement of living conditions, consumers not only look at the goods, but also pay more attention to the quality of the goods.

Promoting supply-side structural reform can significantly improve the effectiveness of macroeconomic regulation and control policies, and is a long-term means to keep the economy operating within a reasonable range.

Promoting supply-side structural reform is a major measure to realize that the market plays a decisive role in resource allocation.

Promoting supply-side structural reform is the only way to break through the middle-income trap.

Promoting supply-side structural reform is a key move to promote China's transformation into a country governed by the rule of law.

The supply side, that is, the supply side. The steady development of the national economy depends on the relative balance between demand and supply in the economy. supply side, relative to the demand side.

If you want to understand the supply side more clearly, you should first understand the supply. Supply, the supply in economics refers to a certain amount of goods or services that producers are willing to and can provide at a certain level in a specific period of time.

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 reform has such factors as labor force, 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 distortions in the allocation of factors, 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 balance of property rights structure, and promote the national and democratic progress, macroeconomic regulation and control and private vitality; 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.