China to set supply-side reform making it a focus of NPC

World Today

One focus of this year’s policy review and legislative sessions is supply-side reform. China is moderately expanding overall demand now, and at the same time, intensifying supply-side structural reform.

CCTV’s Su Yuting reports from Beijing.

China to set supply-side reform making it a focus of NPC

One focus of this year's policy review and legislative sessions is supply-side reform. China is moderately expanding overall demand now, and at the same time, intensifying supply-side structural reform.

More details:

  • Overcapacity, rising home prices, mounting local government debt, and the lack of high-end products are just some of the economic problems China faces now.
  • The aim of the supply-side reform is to optimize the allocation of production components and boost the economic growth quality.
  • The supply-side reform has been actively promoted by China’s top leaders.
  • China will adopt a series of measures to increase good quality products to fit demand.

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Economist Sung Won Sohn on two sessions preview

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