供給側改革

2015年11月20日，在中央財經領導小組第十一次會議上，習近平首次提出了"供給側改革"這一重要理念。"供給側"是相對於"需求側"而言的，它是從供給和生産端入手，通過鼓勵企業創新、促進淘汰落後、化解過剩産能、降低稅費負擔等方式，解放生産力、提升競爭力，從而促進經濟發展。"供給側改革"更加注重經濟結構的優化，核心在於提高全要素生産率，政策手段包括簡政放權、放鬆管制、金融改革、國企改革、土地改革、提高創新能力等。"供給側改革"的提出，旨在加大結構性改革力度，進一步釋放內需潛力、激發供給活力，以創新供給帶動需求擴展，以擴大有效需求倒逼供給升級，實現穩增長和調結構互為支撐、互促共進。

Supply-side reform

The importance of "supply-side reform" was emphasized by Xi Jinping at the 11th meeting of the CPC Central Leading Group for Financial and Economic Affairs on November 10, 2015. Supply-side policies, which focus on supply and production,areoften discussed in contrast to a demand-side approach. To improve supply-side performance is to unleash productivity and maintain a competitive edge, with greater innovation, decommissioning of obsolete manufacturing, less overcapacity, and lower tax rates, so as to boost economic growth.

This reform is placing greater emphasis on optimizing the economic structure and enhancing the efficiency of all contributing factors. To this end, measures will be implemented to streamline government and delegate powers, relax macro-regulation, spur innovation, and reform the financial sector, land use rights, and SOEs.The reform plan is designed toaccelerate structural change, fuel domestic demand and expand supply. Innovation will be encouraged to generate greater demand, which will in return lead to improvements in supply. Steady growth and structural adjustment should be mutually supportive and proceed in parallel.