Related News
Supply-side reform for new normal
Print Edition
VICE Premier Zhang Gaoli yesterday urged supply-side reform in a bid to adapt to the current economic climate, or known as “new normal.”
The reform is a “major innovation” to meet new changes following the global financial crisis and an “inevitable choice” of China to fit into new economic circumstance that feature slower but higher quality growth, Zhang said during a meeting with senior officials.
Given a prolonged slowdown and entrenched economic problems, China’s policymakers are counting on structural reform to inject vitality into the economy.
Zhang called the reform as a “significant and urgent” matter.
He stressed five major tasks of the reform: cutting excess industrial capacity, reducing housing inventory, lowering corporate leverage, relieving corporate burden and fixing economic weaknesses.
Overcapacity cut in bloated steel and coal industries should be promoted, he said, adding that governments should make proper plans for laid-off workers and handling corporate debt.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
