Supply-side Structural Reform: Adapting and Leading the New Environment of China's Economy

The structural reform of the supply side is a major creative action put forward by the Central Economic Work Conference, which aims to adapt and lead the new norm of economic development. Based on the analysis of the existing basic national conditions, this paper points out some problems existing in China's economic development and puts forward the reasons for the supply - side reform. Then, some suggestions on the structural reform of the supply side are given from the elimination of the backward enterprises, the reduction of the production costs, the encouragement of innovation and the coordination between the demand side and the supply side.