Supply-side structural reform
"Supply-side structural reform" was proposed by China's policymakers in November, 2015 as the latest remedy for economic ills caused by breakneck growth. The reforms were prioritized in this year's government work report and further elaborated in the 13th Five-Year Plan (2016-20). Supply-side reform will advance economic restructuring by reducing ineffective and low-end supply, and boost productivity by expanding medium-to-high-end supply.
Related news: Xi urges local authorities to advance supply-side reform