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How can supply-side structural reform stimulate enterprises' enthusiasm for effective supply

to promote the supply-side structural reform is to give full play to the role of enterprises and individuals. The main responsibility of the government is to formulate laws, regulations, standards and policies, give enterprises and markets relatively stable expectations, and improve their enthusiasm and creativity.

The International Monetary Fund has repeatedly called on all countries to implement structural reforms to improve their long-term competitiveness and risk resistance.

to make a major breakthrough in structural reform in the 13th Five-Year Plan, we should strive for greater efforts to "release water and raise fish", stimulate the innovation and entrepreneurship of social capital, speed up the reform of the financial system, gradually eliminate the price difference between the service industry and industrial factors, and at the same time accelerate the educational reform with the basic goal of optimizing the structure and improving the quality, so as to adapt the educational structure to the needs of economic development and consumption.

—— Chi Fulin, President of China (Hainan) Reform and Development Research Institute

During the 13th Five-Year Plan period, the economic structure was optimized. In terms of demand structure, economic development should be more driven by domestic demand, especially consumer demand, and the investment structure should be optimized to improve investment efficiency. In terms of industrial structure, make economic development rely more on service industry and strategic emerging industries, and vigorously develop circular economy and green industries; Promoting new industrialization, new urbanization, agricultural modernization and building ecological civilization are closely combined to promote economic transformation and upgrading.

—— Hu Angang, President of Tsinghua University Institute of National Studies

The supply-side structural reform is actually the adjustment of industrial structure, and the urgent task is to do a good job of "addition, subtraction, multiplication and division" —— adding is to make up for shortcomings, and in the fields of people's livelihood such as education and medical care, private enterprises should be involved; Subtraction means de-capacity, and industries with overcapacity such as steel, cement, glass and electrolytic aluminum should pay special attention to reasonable de-capacity; To do multiplication is to give full play to innovations in various fields such as technology, management and system. This is a slow work, but the effect will be obvious. Division means not only reducing production capacity, but also strengthening environmental protection, achieving clean production and minimizing environmental impact.

—— Researcher of the State Council Development Research Center, Director of Research Office of Development Strategy and Regional Economic Research Department

Universal supply constraint, supply restraint and aging supply structure are the main contradictions of China's economy at present. Grasping this main contradiction, we can restore the new impetus of China's economic growth and open a new cycle of China's economic growth. The 12th meeting of the Central Leading Group for Finance and Economics shows that the central government attaches great importance to the structural reform on the supply side and is determined to work hard. Strengthening supply-side structural reform requires us to continue to reduce financing costs, increase tax cuts, cancel more administrative controls, and relax supply constraints. At the same time, we will lift the supply constraints on the five sources of wealth, such as population and labor, land and resources, capital and finance, technology and innovation, system and management, improve supply efficiency and reduce supply costs, and rely on "mass entrepreneurship and innovation" to stimulate new supply and create new demand.