Necessity of supply-side structural reform
Supply and demand are one and two sides of economic development，Better coordinate supply-side structural reform and expand domestic demand This is the strategic deployment made by the government based on the laws of China’s economic operation and changes in the external development environment. This year’s government work report also proposed to organically combine the implementation of the strategy of expanding domestic demand with deepening the supply-side structural reform.
1.Strive to improve the quality of supply
Deepening supply-side structural reform is the only way to achieve high-quality development and the main line throughout the whole process of economic work. This year’s government work report proposed that we should deepen supply-side structural reform, improve the national innovation system, promote self-reliance in science and technology, closely rely on innovation to improve the development level of the real economy, constantly cultivate and expand new drivers of development, and effectively respond to external repression and containment. This is also the biggest direction of wool products. No matter what market has different needs, in the consumer behavior psychology, the biggest advantage is not only
2.Expand domestic demand and promote consumption through multiple channels
China is the largest middle-income group in the world and the most growing consumer market in the world. Since this year, China’s consumption has picked up and upgraded significantly. This year’s government work report proposed that the recovery and expansion of consumption should be given priority. The result of expanding domestic demand to guide supply-side structural reform is far from 1+1=2. The transformation and upgrading of the company is more important. Facing different markets and different groups, this is the biggest trump card
3.Achieve a higher level of dynamic balance between supply and demand
The imbalance between supply and demand is absolute, and the actual balance between the two is always achieved in economic fluctuations. A higher level of dynamic balance between supply and demand needs to be achieved by improving the adaptability and flexibility of the supply structure to changes in demand, and improving total factor productivity.The imbalance between supply and demand is absolute, and the actual balance between the two is always achieved in economic fluctuations. A higher level of dynamic balance between supply and demand needs to be achieved by improving the adaptability and flexibility of the supply structure to changes in demand, and improving total factor productivity. The development of any enterprise is gradual and progressive. It is the ultimate goal of all enterprises to gradually achieve a high level of development. However, the imbalance between supply and demand requires enterprises to face risks with more flexible mechanisms.
Post time: Mar-16-2023