China's Supply-side Structural Reforms for Sustainable Growth in the New Normal Era
Sang Baek Hyun | February 2018
Abstract
One of the keywords of the Chinese economy in 2018 is "supply-side structural reform" (SSSR). China's economic growth rate reached 6.9% in 2017, rebounding for the first time since entering the New Normal (新常態)1 era of China, and climbing higher than previous forecasts by international institutes. The Chinese government held a briefing on how SSSR is one of the main causes of good performance, and presented to implement SSSR as one of its key tasks in 2018 at the Central Economic Work Conference, held in December 2017. Supply-side structural reform is an unfamiliar term not found in economics. It refers to one of the macroeconomic policies of the Xi Jinping administration that have been employed since November 2015. China’s supply-side reform largely differs in their background and implementation from Reaganomics, which was based on the supply-side economic policies carried out by the United States in the 1980s.
Citation
Sang Baek Hyun. 2018. China's Supply-side Structural Reforms for Sustainable Growth in the New Normal Era. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/8044.Keywords
Asian Development Bank
Development
Trade
Development Goals
Skills Development
Sustainable Development
Trade Flows
Trade And Development
Food Security And Trade
Trade Volume
Trade Potential
Trade Flows
External Trade
Industrial policy
New technology
Innovations
Industry
Export policy
Import policy
Development assistance
ADB
Curriculum development
Development assistance
Development aid
Development indicators
Development potential
Development models
Project appraisal
Performance appraisal
Regional development bank
Trade development
Import volume
Export volume
Capital
Business
Communication in rural development
Social participation
Occupational training
Partnership
Joint venture
System analysis
Labor and globalization
Labor policy
Regional trading blocs
Foreign trade and employment
Developing countries
Industrial priorities
Technological innovation
Technology transfer
Foreign trade regulation
Industrial relations
Show allCollapse