Since the 18th National Congress of the CPC, the CPC Central Committee has been unswervingly pushing forward the supply-side structural reforms. Under its guidance, the supply-side structural reforms, with the five major tasks of cutting overcapacity, destocking, deleveraging, reducing corporate costs and addressing weak spots, have yielded positive results: In-depth progress has been made in industrial structure adjustment; new driving forces of economic growth have gradually taken shape; the macroeconomy have maintained steady growth; and the foundation for long-term growth of China’s economy has been further strengthened. Meanwhile, however, the supply-side structural reform remains a difficult task, and attention should be paid to the existing problems of inconsistencies in the reforms by all sectors of society. With the further advancement of supply-side structural reforms, the problems of reduced output and rising prices have gradually emerged, the impact of which on China’s economic and social development needs further study. This week, Professor Liu Zhibiao, Dean of Yangtze IDEI, held discussions with relevant experts and scholars on the topic “As the Current Supply-side output Shrinking has Caused Prices in Related Sectors to soar, What Impact This Trend will Bring to China’s Economy in the Next Half Year or the Next Year?”
