Please wait a minute...
Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front. Econ. China    2023, Vol. 18 Issue (4) : 531-548    https://doi.org/10.3868/s060-017-023-0030-6
Logic and Path of Combining Domestic Demand Expansion with Deepening of Supply-Side Structural Reform
ZHANG Peili
School of Economics, and Research Center of China's Private Enterprises, Renmin University of China, Beijing 100872, China
 Download: PDF(759 KB)  
 Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks
Abstract

The fifth plenary session of the 19th Central Committee of the Communist Party of China (CPC) puts forward the organic combination of the implementation of the domestic demand expansion strategy with the deepening of supply-side structural reform, and scientifically reveals the internal logic of this organic combination and the realization paths, which is of great significance to the implementation of the new development concept and the construction of a new development pattern. First, this paper provides a theoretical explanation for the organic combination of the domestic demand expansion strategy with the supply-side structural reform by analyzing why the traditional policies for expanding domestic demand are ineffective in the new development stage of China. Second, this paper elaborates the internal logic of this organic combination from two aspects. (1) The base point of the domestic demand expansion strategy must be placed under the main line of the supply-side structural reform. (2) The two should be interconnected and are mutually reinforcing, so as to form a higher level of dynamic equilibrium in which the demand leads the supply and the supply creates the demand. Third, this paper analyzes the huge space for the organic combination of the domestic demand expansion strategy with the supply-side structural reform from the perspective of releasing consumption potential and creating new demand, and on that basis proposes the realization paths of their organic combination.

Keywords domestic demand expansion strategy      supply-side structural reform      organic combination      internal logic      realization path     
Issue Date: 16 January 2024
 Cite this article:   
ZHANG Peili. Logic and Path of Combining Domestic Demand Expansion with Deepening of Supply-Side Structural Reform[J]. Front. Econ. China, 2023, 18(4): 531-548.
 URL:  
https://academic.hep.com.cn/fec/EN/10.3868/s060-017-023-0030-6
https://academic.hep.com.cn/fec/EN/Y2023/V18/I4/531
[1] ZHONG Ying. China’s Solution and Experience in the Comprehensive Implementation of Supply-Side Structural Reform[J]. Front. Econ. China, 2023, 18(3): 391-424.
[2] FANG Fuqian. Coordinating Supply-Side Reform and Demand-Side Management[J]. Front. Econ. China, 2023, 18(3): 309-323.
Viewed
Full text


Abstract

Cited

  Shared   
  Discussed