Analysis of China's Supply-side Structural Reform

The supply-side structural reform is a major decision, which is made in the macro context of the Chinese economy entering a new normal. The question is based on five major problems, such as the imbalance of regional development and urban and rural development, the insufficient power of industrial structure upgrading, etc. In order to deepen the supply-side structural reform, China, from the policy, has mainly done the following work. Firstly, a proactive fiscal policy and a prudent monetary policy have been retained to implement to create a stable macro-economic environment. Secondly, the industrial policy of accelerating to transform to the tertiary industry has been carried out. Thirdly, the market environment has been improved, and the market vitality and consumer potential have been stimulated. By the first half of 2018, China's supply-side structural reform has achieved some concrete achievements.